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For each of the situations described below, select the type of analytics that would address the specific organizational need and justify your selection. A) A mid-sized bank would like to provide as much automated support for its lending decisions as possible. B) A large retail chain wants to understand what factors contributed to the overall sales decline it experienced in a specific month in the past. C) To support staffing analysis for holiday season, a clothing store wants to improve its understanding of the number of customer that are likely to visit each of its stores during the November 15-January 15 time frame, D) A gaming company wants to provide all of its employees an up-to-date graphical representation of the number of downloads of its game products and in app revenue associated with them.
Find the product mix that maximizes profit. A manufacturer of tires produces two kinds of tires. The premium tire, The Last -Forever, is a steel -belted, puncture -resistant, long -wear tire that holds all records for quality within the industry.
A company working on a 75 percent learning curve has decided that the production standard should be 86 hours of production for the 100th unit. how much time should be required for the first time? If the first unit requires more hours than you anticip..
The mathematical relationships that follow were formulated by an operations research analyst at the Smith-Lawton Chemical Company. Which ones are invalid for use in an LP problem and why?
Like the previous problem, the average lead time is 21 days and the standard deviation of the lead time is 2 days; the average daily demand is 84 units and the standard deviation of the dialy demand is 13 units. The company wants 90% of service level..
Your monthly demand for the Whatchamacallit is 20,000 units. You estimate that your fixed ordering cost is $450 and the annual holding cost percentage is 15%. You sell each Whatchamacallit for $80, and your profit margin is $50 per unit. Now suppose ..
A certain farming organization operates three farms of the comparable productivity. The output of each farm is limited both by usable acreage and by amount of water available for irrigation.
Compare the chase strategy versus level scheduling. What are the advantages and disadvantages of each?2. Why will the POQ almost always outperform the EOQ as an MRP lot-sizing technique
Evaluate critically the fundamental principles of information systems and the significance of a socio-technical approach to their use in organisations and select and apply appropriate problem-solving and improvement approaches for information syste..
free flight is a new air traffic management concept that is being developed and some believe that it could be
Describe how nonverbal feedback conveys powerful messages. Provide an example where nonverbal feedback was used and describe the end result.
Health insurance is a type of insurance coverage that covers the cost of an insured individual's medical and surgical expenses. Depending on the type of health insurance coverage, either the insured pays costs out-of-pocket and is then reimbursed, or..
Define "air transportation industry" and distinguish between certificated air carriers and general aviation. Discuss one argument in favor and one opposed to U.S. airline deregulation in 1978.
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