1. Describe the use of computer simulation modeling in operations decision making. 2. Describe methods of measuring capacity, planning capacity and calculating capacity utilization. Explain the impact of economies of scale, diseconomies of scale, and experience curves on capacity. 3. Explain differences in capacity strategy in terms of the timing and sizing of expansion options. 4. Describe the benefits of a capacity cushion and the strategic reasons to increase or decrease the cushion. 5. Discuss how to plan capacity expansions to address gaps between demand and supply

Answer rating: 100% (QA)

1 Computer Simulation Modeling in Operations Decision Making Computer simulation modeling involves creating computerbased models of realworld systems or processes to simulate their behavior In operati... View the full answer