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Consider a guessing game with N people, and the person closest to 20 plus one-half of the average is awarded the prize, which is split in the event of a tie. The range of guesses is from 0 to 100. Show that 40 is Nash equilibrium. (Hint: Suppose that N-1 people choose 40 and one person deviates to x < 40. Calculate the target as a function of the deviant’s decision, x. The deviant will lose if the target is greater than the midpoint between x and 40, i.e., if the target is greater than (40 + x)/2. (Check to see if this is the case.)
Every time an order is placed for more items X, it costs $10. Whenever item X is ordered, Illustrate what should be the order size. Illustrate what is the annual cost for ordering item X.
Create a diagram of the organizational structure showing the hierarchy and chain of command. Develop a flowchart that analyzes the steps of the organization's business processes.
Please give examples of the application of a learning curve to a production problem and has the learning curve been a method of measuring performance or efficiency?
evaluation criteria during the procurement phase or after they have submitted their proposals/bids. Please answer in 120 words or less also cites url or references used.
when considering the three main objectives of integrated change control would you apply these objectives to both
What characteristics of personal character do you feel are vital for conducting ethical marketing research? What characteristics do you possess? What characteristics do you lack?
write down some approaches taken by leadership in planning developing and implementing the quality process? what type
Write objective function and labor hours and machine hours constraints and formulate Objective Function, Assembly Hours Constraint, Labor Hours Constraint, and Desired Profitability Equation.
How is the facility arranged? you should gather different photos for your company layout such as: office, warehouse, retail layout etc. and analyze their layout based on what we learnt in class.
Alyssas Custom cakes currently sells 4 birthday, 1 wedding and 2 specialty cakes each month for $55, $155, and $105 each, respectively. Alyssas current multifactor productivity ratio is 1.35.
In your opinion, how should business (es) and or the government deal with or handle plant closings or layoffs? Support your arguments. Please reply with something that makes sense. (Subject; LABOR MANAGEMENT RELATIONS)
Addresses the importance of quality management and measurement
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