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Harvey Gold, the owner of Harvey's Specialty Shop, orders an unusual olive from the island of Santorini, off the Greek coast. Over the years, Harvey has noticed considerable variability in the time it takes to receive the orders of these olives. On average, the order lead time is four months and the standard deviation is six weeks (1.5 months). Monthly demand for the olives is normally distributed with mean 15 and standard deviation 6. Harvey is willing to accept no more than a 6 percent risk of stockout during the leadtime. Determine the Reorder point (ROP) for this data?
Which of the following is true of group cohesiveness?
PERT The activity table below is for a manufacturing company. The company needs to determine the critical path, project completion time, variance of the completion time of the project, and the probabilities of completing the project in 24 or 26 days.
one can use a number of equations to analyze a queuing system e.g. average waiting time average length of the queue
Discuss opportunities for innovation and entrepreneurship in emerging global markets, particularly those with a growing middle class, or those where harsh economic conditions dictate the need for innovation if basic human needs are to be met. What st..
Considering a specific product, e.g. vehicle engine, which are the determining factors when determining the design of the reverse supply chain (should it be recycled, remanufactured, reused, sent to landfill?).
A furnace repair team that services an average of 4 furnaces a day if the design capacity is 10 furnaces a day and the effective capacity is 9 furnaces a day. (Round your answer to 1 decimal place. Omit the "%" sign in your response.)
Identify which ISO standards apply to Riordan Manufacturing. Using the Six Sigma DMAIC process, develop a new process design for the production of the Riordan electric fans. Be sure to take advantage of any global opportunities available to Riordan..
Explain how resource-based competitive advantage drives globalization strategies for Fortune 500 firms. Why are application of project management principles critical to effective business operations?
Over past week, plant has rendered an average of 7.3 tons per day because third shift has devoted much of ir time to preventive maintenance. Illustrate what is utilization of plant.
Post at least one paragraph for each theory describing how the theory applies to Eleanor Roosevelt's life. What were some of her outstanding qualities? Is she an example of Maslow's self-actualization theory? Why or why not?
In fact, many leaders collaborate with other leaders to help them formulate new ideas and theories without wasting precious time. From your reading, what are a few leadership strategies best suited for today's industry needs?
Explain the characteristics of conscious leadership as defined by Mackey and Sisodia and compare them to the primary characteristics of two or three other leadership theories you have studied.
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