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A business center wants to lease a fax machine for customers to use. A regular fax machine leases for $18 per hour, and it takes a customer an average of 10 minutes (exponentially distributed) to complete a faxing job. An upgraded fax machine leases for $22 per hour, and it requires an average of 8 minutes to complete a faxing job. Customers arrive at the faxing machine at a rate of 4.2 per hour (Poisson distributed) and a customer’s time is valued at $10.00 per hour. Determine which fax machine the business center should lease to minimize the total cost.
NOVA Chemicals is a plastics and chemical company whose products are used in a wide variety of applications, including food and electronics packaging. It focuses its marketing efforts primarily on companies in the food and electronics industries.
What is customer service in today's business environment? As an employee, what are some of the ways in which you can affect your company's culture? As an employee, what are some ways you can successfully serve your internal and external customers?
Which of the following is NOT an example of a primary activity as described in Porter's value chain?
Develop Presentation for Quality Initiatives- Create a PowerPoint presentation to present to the senior executives proposing a new quality initiative at your operation (any type of company that has operations will be applicable for this activity if..
What is the value of a 10-year, $1,000 par value bond with a 10% coupon paid semi-annually if its required rate of return is 10%? What would its value be if, just after it had been issued, the expected inflation rate rose by 3% causing investors to r..
Understanding extrinsic and intrinsic motivation is clearly important. What is the nature of the problem? What is the best idea as to the methods for analyzing and applying solutions to the challenge?
Research demonstrates that children tend to imitate aggression which they witness in their homes, on television, or in video games. Knowing this, what can/should parents do?
How much should a company pay to keep a specially-skilled worker? Why? How would you determine the amount to pay to keep such a worker?
Following are two weekly forecasts made by two different methods for the number of gallons of gasoline, in thousands, demanded at a local gasoline station. What are the MAD and MSE for each method
Agan Interior Design provides home and office decorating assistance to its customers. In normal operation, an average of 2.8 customers arrive each hour. One design consultant is available to answer customer questions and make product recommendations...
Please share with the rest of the class at least three statements of key knowledge gained in this course and provide a concrete example of how you think the knowledge will assist you in your work career.
Reach the critical chain approach developed by the Goldratt pages 295-300 in the text. Show the differences between the critical chain approach and traditional schedualing approach with a small example.
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