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An appliance manufacturer wants to contract with a repair shop to handle authorized repairs in Indianapolis. The company has set an acceptable range of repair time of 50 minutes to 90 minutes. Two firms have submitted bids for the work. In test trials, one firm had a mean repair time of 74 minutes with a standard deviation of 4.0 minutes and the other firm had a mean repair time of 72 minutes with a standard deviation of 5.1 minutes. Which firm would you choose? Why?
behavioral heuristics such as availability anchoring vividness storage conjunction fallacy and representativeness all
Formulate a capital budgeting problem for the above situation by determining (a) The decision variables. (b) The objective function.
Discuss a time in your career when you felt like you were learning and growing and another time when you felt like you were not. In each case, discuss how your company’s employee development strategy might have contributed to your feelings.
There are 3 main components to the systems implementation process, which are, organizing the team, determining project scope and expectations and establishing a project plan.
The CEO expects you to be providing a number of various logistics reports and recommendations to her. She has asked you to prepare a chart on 1-2 pages of frequently used logistics techniques. To demonstrate your understanding of the breadth and d..
Balance the line using the longest task time based on the 1,000 unit forecast, stating which tasks would be done in each workstation.
Discuss how you would manage a poor forecast.
Transportation project planning is:
What is the Data, Information, and Knowledge Continuum and how does it work? How does data supports quality assessment and what is the importance of data quality for outcome measures.
You and your fellow operations department teammates have been debating which companies are the best examples of applying supply chain management.
Briefly describe the bullwhip effect. How can process integration help prevent/minimize the bullwhip effect.
Use your own words rather than a text or dictionary definition. Include a business or managerial example to show your understanding of each term.
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