Operations Management Essay Example | Topics and Well Written Essays - 750 words - 2

Operations Management - Essay Example They get all their ship manufacturing outsourced therefore we cannot say that its operations are concerned with manufacturing of ships. Management of RM at beginning economic downturn determined that time of market decline will last for about three-month. These assumptions were wrong and management does nothing to prepare the company for a new market situation. Financial statements for 2009 do not indicate company’s 711 million USD outstanding because this project is being financed by Mother Company instead of RM. In the following chapter we discuss and analyze how strategic vision of RM combined with its operational strategy and quality of people has proved to provide a sustainable competitive advantage; enabling RM to make right decisions at the right time. The focus will to understand RM focus on quality and different aspects of its operations. Rickmers has always emphasized on quality from the very initiation of its operations. There is a Quality control department which has a number of responsibilities. The quality assurance is not only limited to conduction of operations but the emphasis on a stable financial performance and conduct of sound operations are also important quality variables. The most important aspect of operational performance at Rickmers is certification of quality from highly respected authorities. On 20th February 2008 Rickmers received the Singapore award organized by the Business Times in affiliation with Singaporean government. This was a merit commendation in the best investor relations category. This award signifies the long standing corporation disclosure transparency of Rickmers. Increasingly the quality of operations is being judged by the affect on environment. This is usually termed as the corporate social responsibility. This category of disclosure is usually used as a marketing tool by companies but in fact is an operational aspect of doing business. Rickmers Marinetime has displayed

Final Project Research Paper Example | Topics and Well Written Essays - 1250 words

Final Project - Research Paper Example Phoenix Airport is expected to become a â€Å"strong financial partner committed to aviation, to help fund large capital items† (passenger terminals, parking garages) and those items that are not eligible to be funded by Passenger Facility Charges or Airport Improvement Program (for instance, roadway systems). Moreover, Phoenix representatives will participate in the meeting with the FAA for it to fund $200 million in capital projects with AIP grants based on the following plans: the Airport Master Plan, the Airport Capital Improvement Program, and the Airport Layout Plan (Amended and Restated Intergovernmental Agreement, 3). The Airport Improvement Program (AIP) is a program, providing grant for the planning and development of public-use airports, included in the National Plan of Integrated Airport Systems (Faa.gov, n.p.). AIP funding is generated by the Congressional appropriations of revenues paid by airport users (aviation fuel, airline tickets, aircraft registrations, etc) (Master Plan Executive Summary, 4). -  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   AIP offers grants for reliever and general aviation airports (Gateway Airport), which covers a range of 90-95% of eligible costs and 75-80% of eligible costs for large and medium primary hub airports) (Phoenix Sky Harbour) (Faa.gov, n.p.) -  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   For being eligible for a grant, an airport should be included in the NPIAS. Based on the 2013-2017 years plan, both Phoenix Sky Harbor International Airport and Phoenix-Mesa Gateway are included to the NPIAS list (Appendix A – all NPIAS Airports 2013-2017, n.p.). -  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   According to the Appendix A (NPIAS, n.p.) current enplanement at Phoenix-Mesa Gateway is equal to 417  862 with 89 current based aircrafts (Appendix A – all NPIAS Airports 2013-2017, n.p.). According to the Airport Master Plan Executive summary of the Phoenix-Mesa Gateway Airport (2) number of Air Carrier