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Each semester, the local bookstore must decide how many books to order for classes. The bookstore is currently stocking books for the stochastic operations research class. However, students don't always buy the book. Suppose that based on prior semesters, the bookstore knows that there is a 30% chance that all of the books will be purchased, a 25% change that half of the books will be purchased and a 40% chance that one fourth of the books will be purchased. There is also a small chance that no books will be sold. (Note: I have not defined this chance for you but you can determine it easily based on the other values and what must be true about probability mass functions).
If the bookstore orders 40 books, define a random variable that represents the number of books sold and define the probability mass function for the number of books sold. The probability mass function should be written as a table with the first column representing the possible values of the random variable and the second column representing the
Illustrate what, according to you; are the accomplishments of quality leaders W. Edwards Deming also Joseph M. Juran. Illustrate what are the differences in the methods also techniques suggested by them.
This was expected to cost a total of $8,501,000. To date they have spent $5,001,000 on the superstructure. Computes the schedule variance, schedule performance index also cost performance index for the project to date.
Annual holding costs are 37 % of unit price. Three hundred also ninety boxes are to be shipped also every box has a price of $154. Which shipping alternative would you recommend.
What are the resulting efficiencies and outputs of the two lines? Is it always best to equally share extra machines between the two lines?
Why do you think social loafing occurs within groups? What can be done to combat it? Have you seen instances of collective efficacy helping or hurting a team? Please explain your answer.
Safety regulations require that the time between airplane takeodds will be at lteast 3 minutes. When taking off, the run time of an airplance ont he runwy is 45 seconds.
Illustrate what are some optimizations problems you have seen or think companies have that cannot be structured in a format.
Analyze at least two instructional strategies that could be used when developing cross-cultural training for an organization, with the focus addressing the various parts of the training design model presented throughout the textbook.
Average arrival rate is 12 students per hour; also average service rate is 20 students per hour. Elucidate how many students, on average, will be waiting in line at any one time.
Each burger assembler can assemble a burger in 30 seconds. It takes the cashier 6 seconds to collect payment. Illustrate what is the capacity of the hamburger restaurant in customers per minute. Illustrate what is the bottleneck.
For this assignment, you must submit a memo consisting of 900-1,300 words in which you discuss your experience using the 3 decision-making models.
What I have to do is plan an action plan for this (determine the cost, how profit it will be, how many customers to achieve that...something like this since I'm in Marketing course). It should be in a table.
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