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Explain the pros and cons of the two types of waiting lines, and discuss what the companies can do to reduce customer wait times.
A manufacturing plant has reached full capacity. The company must build a second plant - either small or large at a nearby location. The demand is likely to be high or low. Draw a decision tree and solve to determine what management should do to obta..
Suppose 2.5 urine samples need to be tested per minute. What is the smallest batch size (in samples) that ensures that the process is not supply constrained? ( Note : A batch is the number of tests between calibrations.)
Space Age Furniture Company The Space Age Furniture Company manufactures tables and cabinets to hold microwave ovens and portable televisions.
What is the business case for undertaking the project. What is the financial impact of the project. What are the expected results of the project
Set up the pairwise comparison matrix for this problem. Determine the priorities for the two schools relative to this criterion.
A small suburban post office is frequented by customers at the rate of 15 per hour. The post office has a single employee who typically processes each customer’s request at an average rate of 3 minutes per transaction. To determine the efficiency of ..
Explain how Toyota's ethical concept ensures quality throughout the supply chain. Define Toyota's quality benchmarks and efforts to ensure continuous quality improvement of the benchmarks.
On attending its first meeting in 20X9 you have been appointed honorary treasurer of the Ashmont Pre-School Kindergarten. Prepare a cash budget for the kindergarten to determine the total fees revenue required in 20X9. Calculate the annual fees requi..
The lead time is 2 days. Can you determine an optimal order size for this company that will enable them to limit the probability of a stockout to 5%?
What is the inventory position immediately after an order has been placed?
Why do 73% of overseas assignment fail and what can be done to improve the success rate?
When a small number of large forecast errors needs to be guarded against, what is the measure of forecast accuracy should be used between MAD and MSE?
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