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A metal fabricator produces connecting rods with an outer diameter that has a 1 ± 0.02 inch specification. A machine operator takes several sample measurements over time and determines the sample mean outer diameter to be 1.004 inches with a standard deviation of 0.008 inch.
a. Calculate the process capability index for this example. (Round your answer to 3 decimal place)
Best Bikes produces bicycles and buys brakes from a supplier in Japan. The brake set for one bicycle costs $125, and it is $35 to process the order with the supplier. What is the average inventory carrying/holding cost for the brakes?
According to Michael Porter (1980), there are five forces that drive industry competition: direct competitors or rivals; barriers to entry; substitute products or services; customer power; and supplier power. These forces will determine whether or no..
Assuming that the current turnover and profits of both the units are comparable, compare the relative benefits and limitations of Materials Requirement Planning (MRP) for these two businesses.
The president of your company has recently announced the need for a greater effort to incorporate innovation and entrepreneurship into organizational strategy, and has asked you to list the requirements necessary for this to happen. Explain why each ..
Sovereign Immunity. Taconic Plastics, Ltd., is a manu-facturer incorporated in Ireland with its principal place of business in New York. The defendant files a motion to dismiss the suit based on the doctrine of sovereign immunity. Under what circumst..
Identify and describe one point from Councils of Carthage (5th century) and Orange (6th century) on salvation that is interesting and important. Also how dose the point from Cathage and Orange relate to current attitudes on other salvations?
in a single period model if shortage cost is four times excess cost then the optimum service level is what percent?
Kelly Trucking, Inc., is planning a new warehouse to serve the western United States. Denver, Santa Fe, and Salt Lake City are under consideration.
You were recently hired as a new manager in a company. You are fresh out of business school and have few management skills. More importantly, you know that your role will also involve inspiring your department's employees. You have been told that ..
What is "Lean Operations"? What are fundamental principles of Lean Operations? What are the five S’s? What do you think about them as a way to organize a workplace? What are the seven wastes? How do these apply to services?
A pharmaceutical manufacturer actively monitors all products produced to verify their ingredients fall within rigid control ranges that ensure product effectiveness. This monitoring allows them to make adjustments should they see negative trends o..
1. What is the process of getting detailed information about jobs? 2. What is the process of collecting and using data to show that human resource practices have a positive influence on the company's bottom line or key stakeholders?
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