Prepare the whole assignment on below points with real problems and data as the company is IKEA.

"QUNTITATIVE$/$QUALITATIVE TOOLS$/$METHODS THAT CAN BE USED:

$$ Decision Analysis

$$ Quality control tools $($acceptance sampling and$/$or SPC charts$)$

$$ Linear Programming

$$ Basic probability theory & Bayes Theorem

$$ Statistical Methods $($e$.$g$.,$ Multiple Regression$)$

$$ Forecasting Methods

$$ Queuing models

$$ Simulation

$$ Gantt Chart $/$ CPM $/$ PERT

$$ Inventory management models$/$tools

$$ Aggregate planning models

$$ Other OM $($quantitative or qualitative$)$ tools$/$techniques discussed in class

TASKS:

$1.$ Select a real organization you are familiar with.

$2.$ Define the main product $($goods and$/$or services$)$ that the organization sells$/$provides$.$

$3.$ Identify an operations management problem in the organization to which a qualitative or quantitative

analysis can be applied.

$4.$ Develop an appropriate model by using proper qualitative$/$quantitative technique$($s$).$

$5.$ In terms of data collection, you may collect your own data $($primary data$)$ about the organization

under study or you may use company$/$public data which may be available to you $($secondary data$).$

Since data collection process is quite time consuming and challenging, please discuss with your

instructor prior to initiating the data collection process if you have chosen this option.

$6.$ Analyze and solve your model in order to generate solutions.

$7.$ Explain how the solution$($s$)$ obtained would improve the current OM situation and would benefit the

organization in terms of profit increase, cost$/$time savings, and$/$or improvement in customer

satisfaction.

$8.$ Make a number of recommendations for the organization, including suggestions on how the new

solution$($s$)$ could be implemented effectively.

$9.$ Write a project report that includes all the above tasks."