Case study of the operation and project management of various alternative transport systems: The case of Mustang airlines
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Added on 2020-02-05
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OPERATIONAL AND PROJECT MANAGEMENT TABLE OF CONTENTS (B) Case of Harvey Talbot 3 (c) Case study of Denton Grange hotel4 (d) Case of Mustang airways 5 (e) Turista charters6 (g) Bagage handling problems at Denton airport 7 (h) Case study on Air Norfolk 7 INDEX OF TABLES Table 1: Estimation of cost to the firm due to free night service4 Table 2: Projected figure of revenue for Mustang airlines 5 Table 3: Computation of profit on
Case study of the operation and project management of various alternative transport systems: The case of Mustang airlines
Added on 2020-02-05
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OPERATIONAL AND PROJECT MANAGEMENT
TABLE OF CONTENTS (B) Case of Harvey Talbot..........................................................................................................3 (c) Case study of Denton Grange hotel.......................................................................................4 (d) Case of Mustang airways.......................................................................................................5 (e) Turista charters......................................................................................................................6 (g) Bagage handling problems at Denton airport........................................................................7 (h) Case study on Air Norfolk....................................................................................................7 INDEX OF TABLES Table 1: Estimation of cost to the firm due to free night service.....................................................4 Table 2: Projected figure of revenue for Mustang airlines..............................................................5 Table 3: Computation of profit on various alternatives...................................................................7
(B) Case of Harvey Talbot There are two alternatives and one of them is buying goods in bulk quantity which will reduce cost of procurement for the firm. The second alternative which firm can use is EOQ for inventory control. In order to identify viability of these two alternatives, it is necessary to evaluate it. Same are discussed below.EOQ- It is a technique which is used to control stock at the workplace. By using EOQ formula quantity that company needs to keep in its warehouse in order to meet demand of custoemers on time is determined. When that inventory comes to an end inventory manager places an order for purchasing of raw material. Hence, in this way stock holding cost gets reduced for the firm. Use of this technique will indirectly lead to control cost of procurement for the firm. If the firm will order raw material when required then it will be in the position to purchase raw material up to that quantity which is appropriate for it in order to meet demand of customers. Hence, firm will not purchase coffee bins in extra quantity and in this way this method will indirectly help the company in controlling its procurement cost.Bulk purchase-This is another alternative that can be used by the firm for controlling its procurement cost. Under this, companies purchase raw material in huge quantity from suppliers and get a discount on the same. Hence, if firm adopt this method then it will get discount from its suppliers and this will lead to low cost of procurement for the firm. So, both these methods will be beneficial for the firm. Merits and demerits of these methodsEOQ-The main merit of this method is that it is easy to apply this technique and same helps in determining a quantity that firm must order to meet its requirements. The main demerit of this method is that with change in time, demand also changes and some time sharp increase or decrease is observed in the same. Hence, if firm strongly rely on this method then some time stock may be excessive in the warehouse or vice-verse. Bulk purchase-The main merit of this method is that no big calculation is required and it saves cost for the firm. If raw materials are purchased in bulk then firm is not required to place order frequently. On other hand, it is getting discount on bulk purchase which lead to low procurement cost. Hence, huge amount is saved if firm follow this alternative, but the only limitation of this method is that sometimes it can be happened that firm
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