Operations Management 3-6 Essay Example | Topics and Well Written Essays - 2750 words

Operations Management 3-6 - Essay Example Accessibility to customers is the key factor in improving gasoline sales. A tertiary hospital is also a preferred business for this location. The residential areas are near to it, there is no replacement market for this specialized service and healthcare services is a specific need of residents. The following factors of location B: close to major highways, on the major truck route of large transportation companies, not close to any residential neighborhoods and large open area where new development can occur is best suited for a garment processing company and a coffee processing plant. The location of the operations of a garment vital to the efficiency and profitability of company operations. Choice of location determines the productivity of capital investments. Manufacturing facilities have unique locations and there are transport costs to distribution and consumption, hence, production location affects the costs of distribution and consumption. Accessibility of manufacturing facilities of garment processing and coffee processing plant is important as transport costs represent a significant proportion of the costs of production and distribution. Without cost minimization, there will be no profit maximization. Location has a serious impact on a company’s revenues. 2. â€Å"Aggregate planning in manufacturing is easier to accomplish than aggregate planning in services.† For example, aggregate planning for a textile processing plant is easier to implement than for a business process outsourcing company. A textile company is basically a labor intensive business. This means that the company uses large amounts of labor per unit output, and that wages form the largest single cost (50-70 percent of total costs) faced by employers. The cost of labor is therefore the most important locational determinant in the textile industry. The textile industry has been

Marx's objectives to individual rights Research Paper - 1

Marx's objectives to individual rights - Research Paper Example However, Karl Marx and Friedrich Engels are convinced otherwise, affirming that bourgeois private property is the final and most complete expression of the system of producing and appropriating products, that is based on class antagonisms, on the exploitation of the many by the few. 1 For them capitalism, which is based on the right to own private property, is beneficial only to the select few capitalists - or the bourgeoisie - who reap their benefits from the exploitation of the wage earners, the proletariat. For Marx and Engels, at least, private property rights protect the freedom of some but not only deny the freedom, but results in the exploitation, of many others. To understand this argument, it is necessary to have a first look at the basis of Marxs theory. Marx strongly believed that capitalist society consisted of two classes, the bourgeoisie, or the ruling class, and the proletariat, who are the exploited class: "To maintain its own existence private property must also maintain the existence of the property - less working class needed to run the factories. The proletariat is compelled, however, to abolish itself on account of its miserable condition. This will require the abolition of private property - both disappear in a new synthesis that will resolve the contradiction." 2 The employers, or the bourgeoisie, build up their wealth through the exploitation of their workers. Under capitalism workers essentially own their own labor which in one respect makes them free. However, although the workers are in charge of their own labor power, in the sense that it is not owned by a master or land owner, they are not free as they are forced to sell it out in order to survive. Instead of owning the product of their own labor, this instead goes to the capitalists who in turn retain a certain amount of the value of the product for themselves and their investment. Thus capital can be defined as accumulated labor.