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Logistic Operations and Industrial Accidents
Effective logistics management must deal with a wide range of decisions. Logistics decisions may be categorised into three levels, depending on the scope, the investment requirement, and the time horizon and frequency of the decisions involved from the different level. The highest level of strategic decisions are usually concerned with major capital commitments and with the efficient allocation of resources to the various components of logistics operations, over a relatively long period of time. Where as the tactical decisions typically deal with moderate capital investments and involve plans for annual, semi- annual, or seasonal time horizon. Decisions at this level can usually be reversed at lower cost than that which is required to reverse strategic decisions. And the lowest level deal with operational decisions and day-to-day operations. They are characterised by low capital investments and can be reversed at a relatively low cost. The purpose of this hierarchical categorisation is twofold. First, it is consistent with the existence of an organisational structure within a firm, where each level of the organisation deals primarily with one of the levels of decisions outlined above. Second, the separation of the overall decision-making process into various stages (levels) makes the planning, design and operation of a logistics system tractable. It should be noted however that an interdependence exists not only among decisions within any given level, but also between decisions at different levels. Higher-level decisions often determine the boundaries for decisions in subsequent levels. On the other hand, evaluating higher-level decisions requires managers to consider the expected outcome of lower-level decisions.
This is the reason whymany decisions in many logistics operation were calculated based on the factor rating analysis where high value and ranking plays an important role in making decision. The proposed model can be expected to provide a more complete and accurate representation of the trade-offs that exist among the three cost components above, thereby leading to solutions that are closer to "true" optimality than those provided by existing mathematical models. However in performing those routine, there is another pressing issues facing the real logistics business and haunting many operations to be extra careful. One of the crucial components for consideration is the industrial accidents that keep on the rise and cause fatal rate increase while performing the logistic operations. The importance of examining the nature and strength of inter-relations between the individual components of the quality of working life can be readily appreciated when one observes that so many empirical studies of the quality of working life have used only a single variable to measure or proxy movement or variation in the quality of working life. This procedure is reasonably acceptable, at least in the absence of readily available data on all individual at- tributes of the quality of working life, if one can be confident that these attributes, or at least the vast majority of them, tend to be positively, significantly and consistently inter-correlated. Consider yourself as an operation manager in the situation above, discuss the following issues.
Based on the case above, discuss the term of “Factor Rating System” in the context of logistics business operation. Your explanation should include the relevancy of the term in every logistics business operations functions. Support each of your discussion using appropriate citation, evidence and example.(20 marks)
The ever increasing electrification and sophistication have made industrial jobs more and more complex and intricate. This has led to increased dangers to human life in industries through accidents and injuries, especially in a manufacturing firm and shipping industry. Demonstrate FOUR (4) leading causes of industrial accidents in a shipping firm. Justify the cause and effect of each incident. Support each answer with an example and evidence from the past studies.
Formulate FOUR (4) critical analysis based on your opinion to overcome the issue faced in the following case. Support your discussion using an appropriate citation, evidence and reference.
[Total : 100 Marks]
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