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The mean time between failures (MTBF) for a watch battery is 36 months. Determine the following probabilities: a) the probability of failure before 36 months. b) The probability that a system which is composed of two such solenoids will fail within 36 months it both must work for the system to work.
What is the amount of products that should be ordered and the total annual cost? If you need 10,000 units, how many order per year should be done to reduce the total cost of acquiring the units? If the company can only hold an average of 4,750 units..
Suppose you have 10 shipments to make, each of which weighs 800 pounds. The carrier offers to consolidate them into one shipment of 8,000 pounds but will charge an additional $300 (total) to do so. Should you agree to this offer?
Assume that you have $165,00 invested in stock that is returning 11.50%,$85,000 invested in a stock is returning 22.75% and $235,000 invested in a stock that is returning 10.25%
Read the Location Selection through Integrated Systems Management article. Define Integrated Systems Management in your own words.
Decide the hourly capacity of each process stage and the number of machines needed to meet an output rate of 50,000 units per hour. Explain how does facility layout impact your numerical analysis and process efficiency. Explain.
Explain how executive development or talent development can be used to help an organization achieve its business challenges and strategy.
Three individuals each hold a ticket for a lottery that will pay $100 with probability 0.2 and $10 with probability 0.8. Their utility functions for the monetary amount x may be described as follows: Determine the risk premium for each individual. Wh..
Analyze the process of developing qualified workers and make at least one recommendation for improvement that would benefit any organization. Explain your rationale
A large bakery buys flour in 25-pound bags. The bakery uses an average of 4,800 bags a year. Preparing an order and receiving a shipment of flour involves a cost of $10 per order.
the following table provides the historical world air freight traffic and world gdp from 2001 through 2010.yearworld
Distinguish policies on external competitiveness from policies on internal alignment. Why is external competitiveness so important?
Unpacking the Benefits of Florida Tourism, by Florida Tax Watch, showcases the importance of the tourism industry to Florida’s economy, specifically focusing on the economic impact of its job creating ability. With a better understanding of tourism-r..
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