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DECISION ANALYSIS, BAYES THEOREM: Find the solution to the problem below:
Big Pound Pizzas delivers large pizzas from two different shop locations. The Dayton site handles 40% of the total orders while the Harrisonburg site delivers the remaining orders. The Big Pound Pizza ads in the Harrisonburg Daily News Record claim that the shops deliver all such orders in an eight-mile radius within 45 minutes. Historically, the Harrisonburg site has experienced 5% of its orders taking longer than 45 minutes. The Dayton shop has been late on 15% of its orders. The general manager has just spoken to a customer whose order was delivered one hour after it was placed but did not remember which location the order originated. What is the probability that the late order came from the Dayton pizza shop?
Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..
Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..
Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..
An analysis of the holding costs, including the appropriate annual holding cost rate.
Briefly explain Evolution and contributor of Operations management.
A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..
Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.
Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.
Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.
Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.
Ccompare the effectiveness of different leadership styles in different organizations
Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.
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