MGT 528 – Operations: Economics and Strategy

3. Strategic/Tactical/Operational Decisions

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       Lecture Notes (Overheads Used In Class)

· Lecture 3 - Slides

Reading (Preparation)

· Chopra/Meindl, Supply Chain Management, Ch. 4

Questions (Preparation)

· What is the difference between marginal costs and average costs?

· Find two examples for industries with decreasing average costs, and two examples for industries with U-shaped average costs.

Background Reading (for future reference only)

· Hammond, J.S. (2002) “Learning by the Case Method,” Harvard Business School, Case 9-376-241.