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Uncertainty Actions for Discussion-Uncertainty Making inaccurate forecasts of product demand leads to costly errors. Either a company can end up with a large stock of unwanted inventory which must be drastically discounted or they can have stockouts which diminish current and possibly future sales depending on how customers react. How important is it to incorporate uncertainty into one’s demand forecast? What steps can a company take to reduce the uncertainty surrounding their sales forecasts? Be sure to respond to at least 2 other students’ posts.
Identify some advantages to incorporating systems consolidation and discuss how this can be facilitated. In addition and keeping in step with a collaborative EA, the total cost of ownership (TCO) can be a difficult measure, especially for IT personne..
Monthly demand for an inventory item currently averages 170 units. The annual carrying cost is $10 per unit. Ordering cost is $70 per order. This information applies to all of the questions on this page.
You are the CEO of a Canadian-Chinese joint venture that operates in China. Your Chinese partner is the People’s Liberation Army (PLA). The PLA has built a sprawling network of businesses that do everything from raise pigs to run airlines and hospita..
What is the critical path? Enumerate all the paths in the network. For the cost data shown below, reduce the project completion time by three weeks
What would be your top three priorities in order of importance for ensuring short-term recovery from a disaster? Why?
Why do many entrepreneurs initially set up their business as sole proprietorship why do many successful entrepreneurs eventually decide to convert their sole proprietorship to some other form of ownership such as a corporation or LLC?
Discuss the results, placing emphasis on your strong forms of communication and a plan to develop the weaker areas that are important to managing projects.
Calculate the process capability indices, Cp and Cpk (make sure to use formulas to calculate the answer, never type a literal answer in Excel)
Think of a leader you admire. What traits does this person have? Are they consistent with the traits discussed in this chapter? If not, why is this person effective despite the presence of different traits
First, what happens to the slope of the objective function when one of its parameter coefficients changes? If a parameter coefficient in the objective function changes too much in one direction, then elaborate upon whether it is possible for a new "c..
You have been hired as an executive director of a small nonprofit organization. Among your many duties are to determine an annual budget and develop a fiscal plan for the organization.
Computer upgrades have a nominal time of 80 minutes. Samples of five observations each have been taken, and the results are as listed.
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