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Assume that the daily probability of a major earthquake in LA is 0.07%. The chance that your computer center will be damaged during such a quake is 5%. If the center is damaged, the estimated damage to the computer will be $4 million. Calculate the expected loss in dollars. An insurance agency is willing to insure your facility for an annual fee of $25,000. Analyze the offer, and discuss whether to accept it
Decide the optimal order quantity, order frequency and the Yearly cost of inventory management. If, during automation of the purchasing process, the ordering cost can be cut to $4.00, illustrate what will be the new economic order quantity, order ..
By taking as an example a product or a service from an industry that you are familiar with, critically discuss the main factors that influence the manufacturing/service process design.
Managing Various Project Activities
One of the students from Op Management class starts a company that produces baseball bats. He/she is the owner and the only employer in the company.
You are the newly hired HR manager in a family-run organization with a long standing informal policy of not hiring people with disabilities. You do a bit of investigation and discover the thought internally, that disabled workers will not be as produ..
Describe three barriers to entry within a specific service area and explain why you think these are the most important barriers.
determine three specific reasons why healthcare organizations should conduct an analysis of the external environment on
What are the three components of employee involvement and quality-of-work-life programs. Unions adopt one of five reactions to innovative workplace initiatives. What are they
What are the standard rules of overtime pay? Provide examples of why it is not always simple to administer. Address issues such as double pay, pyramiding, compulsory overtime, and fair distribution.
Define competitive advantage. Illustrate what might competitive advantage be for each of subsequent companies. Be specific
Having completed your Masters degree a friend asks you for lunch. The intent is not hidden they are considering starting a business and want your professional advice. Can you be held legally responsible in the event you provide bad advice? Do you hav..
GloFish, Inc. has genetically engineered a species of fish that glows in normal lighting conditions. The company believes the new fish will be a huge success as a new pet option for children and adults alike. What is the optimal policy for the fish f..
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