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1. Compare and contrast Reliability Centred Maintenance (RCM ) and Total Productive Maintenance (TPM ).
2. Give two advantages and disadvantages and two conditions where Run To Failure (RTFM) could be used.
How many observations should a time study analyst plan for in an operation that has a standard deviation of 1.4 minutes per piece if the goal is to estimate the mean time per piece to within .2 minute with a confidence of 95.5 percent?
The purchasing agent for a company that assembles and sells air-conditioning equipment in a Latin American country noted that the cost of compressors has increased significantly each time they have been reordered. Discuss the assumptions of the basic..
What are the Certificate of Need Laws in West Virginia? What Facilities require a certificate of need? What ae the steps in obtaining a certificate of need? What are the appeal processes after a certificate of need is granted? Are any geographic area..
What is the purpose of a CPM Project Network model? List and describe three different kinds of outputs that could be obtained from such a model.
Identify one of the company's main competitors for comparison purposes. You can find this information using company analysis tools such as Datamonitor.
An investment under consideration has a payback of six years and a cost of $434,000. If the required return is 12 percent, what is the worst-case NPV? The best-case NPV? Explain. Assume the cash flows are conventional. (Also, is there a way to solve ..
The materials manager for a billiard ball maker must periodically place orders for resin, one of the raw materials used in producing billiard balls. She knows that manufacturing uses resin at a rate of 50 kilograms each day, and that it costs $.04 pe..
Create a fictional company and develop a memo to communicate the importance of a business continuity plan to the board of directors.
Recall an experience in a hospitality setting where you encountered the very best service and a true reflection of quality customer service. Describe how you would pass this experience on to your friends and family to ensure this establishment gains ..
What were MARS total costs per year prior to the new price structure when the diesel engine price was $4,800? Was Mars’s using the EOQ method? With the volume purchase discounts and warehouse constraints, what is the best ordering quantity? What is t..
The returns on stocks A and B are perfectly negatively correlated (Pab=-1). Stock A has an expected return of 21 % and a standard deviation of return of 40%. Stock B has a standard deviation of return of 20%. The risk-free rate of interest is 11 %. W..
Some organizations are disciplined in performing job analysis and maintaining up-to-date job descriptions while many are not. Why might this be true? If employed, is there a difference between what you and your employer think about the value of job a..
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