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You are the manager of a local bank where three tellers provide services to customers. On average, each teller takes three minutes to serve a customer. Customer arrives, on average, at a rate of 44 per hour. Having recently received complaints from some customers that they waited a long time before being served, your boss askes you to evaluate the service system. Specifically you must provide answers.
a. the average utiliztion of the three teller service system is p = __ ( rounded four decimal places)
Looking back at the BP oil spill (see page 317 in the textbook), what triggering events can you identify that could have assisted management in anticipating this crisis? How do you think knowing these events would have affected the outcome?
These are characteristics of a company that are stronger than its competitors are. If a company is good at something, but its competitors are as well, then it is not a strength.
To determine when it is time to re-evaluate the usefulness of the exponential smoothing model you compute tracking signals. What is the tracking signal? What does the tracking signal tells you?
Discuss how direct-responce advertising and sales letters can be used to identify prospects.
Describe the overall goal of a supply chain. Describe the difference between a supply that is responsive (service) and a supply chain that is efficient. Can a supply chain be both
Look for efficiencies in the factory, office, physical, procedural, and technical operations.
Compute the annual total cost (i.e. the Purchase cost + Ordering cost + Holding cost). (Please read the question more than once)
Excelsior's proiducts average inventory is valued at $500,000. Inventory is ordered 52 times per yearat a reordering cost of $700/per order. THe cost of carrying inventory is 20%. What is Excelsiors annual inventory carrying cost?
Profits are 40 cents for a box of Deluxe crackers also 50 cents for a box of Classic crackers. Elucidate what is daily profit when producing optimal amounts.
Health reform is mired in the morass of multi-tiered payment systems and multiple modes of access, limited by the ability to seek and to pay. Increasingly, patients are interacting with multiple entities within the system, causing more and more co..
Analyze the different ways to evaluate economic performance and determine which provides the best assessment of the economy
Markland Manufacturing intends to increase capacity by overcoming a bottleneck operation by adding new equipment. Two vendors have presented proposals.
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