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In what ways would utilizing quality function deployment help in your own company? What would be the challenges to using it is a methodology?
What are the key ‘moments of truth’ in the processes that you personally do, or oversee? How could the concept of Poka-yoke improve these moments for you or your employees?
If you could pick some process to use for FMEA or FMECA, what would you pick? What do you think the results would be?
Kilgore’s Deli is a small delicatessen located near a major university. Kilgore’s does a large walk-in carry-out lunch business. The deli offers two luncheon chili specials, Wimpy and Dial 911. What is the shadow price for special sauce’? Interpret t..
December 1: Paid semiannual interest on Pitts Co. bonds and purchased $1,000,000 face value bonds at the call price in accordance with the provisions of the bond indenture.
A classic definition of income states that income is the amount one could consume at the end of a period and still be as well off as at the beginning of the period. Embedded in this definition of income is the concept of capital maintenance.
Create a process ?ow based on your observation of one of the following: a. Patients at the student health center on campus. b. Patients at a local ophthalmologist’s o?ce. c. Patients at a local hospital emergency department. Explain the divergences b..
What is the impact of lead time on order amounts and service levels? How does demand and variability play a role?
Three players (Cornelius, Oscar, and Reid) enter a game. Cornelius uses the conservative approach to decision making, Oscar uses the optimistic approach, and Reid uses the minimax regret approach. What strategy will each of the players use
Describe the requirements of forecast demand and capacity requirements for financial planning, leading to proper business valuation.
Bond X is a premium bond making semiannual payments. The bond pays a coupon rate of 8 percent, has a YTM of 6 percent, and has 14 years to maturity. Bond Y is a discount bond making semiannual payments. This bond pays a coupon rate of 6 percent, has ..
Using weights of 1/3 for the most recent week, ¼ for the next most recent week, ¼ for the third most recent week, and 1/6 for the fourth most recent week, what is the four period weighted moving average forecast for the first week in January?
Frequently, the project’s tasks are not well defined, and there is an urge to “get on with the work,” since time is critical. How serious is it to minimize the planning effort and get on with the project?
What is Gorman's optimal decision strategy? What is the expected value of the market research information? What is the efficiency of the information?
Illustrate what is the possible daily output of this "process" if 8 hours of processing time is available each day. Given your output in part a, illustrate what is the efficiency of the process.
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