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Q. Consider the construction of a simple 8" X 10" wood picture frame. The picture frame consists of four wood pieces that are cut from the wood molding, four staples to hold the frame together, a piece of glass, a backing board made of cardboard, six points to hold the glass also backing board to the frame, also a clip for hanging the picture frame to the wall.
a. Construct an assembly chart for the picture frame.
b. Construct a flowchart for the entire process from receiving material to final inspection.
Compute the single exponential smoothing forecast for this information using an ad of .30 and an initial forecast. Compute the mean absolute deviation (MAD) for each forecast.
Draw a diagram of hard count process. Elucidate how long should the process take to complete for 300 silver dollar slot machine.
Compute the economic advantage of the alternative recommended by you in part a) above over the other alternative.
As a company grows illustrate what challenges might it face in replicating in different locations which made it successful. Elucidate how might these challenges be addressed.
Gives an example of a decision you or your organization has made recently. Express steps taken in making decision and analyze process to determine illustrate what decision-making model was used. Explain your rationale.
Explain how a Monte Carlo simulation could facilitate a sensitivity analysis of the probabilities of the payoff.
Illustrate what is the average value of a loyal customer (VLC) at Abby's restaurants. Illustrate what is the best way to increase income given your VLC analysis.
Determine the critical path and the expected project completion time
About explain how many runs per year would there be. Explain how much could business save annually if setup cost could be reduced to $25 per run.
About explain how many runs per year would there be. Explain how much could the organization save annually if the setup cost could be reduced to $25 per run.
Customers arrive at Paul Harrold's Styling Shop at a rate of 3 per hour, distributed in a Poisson fashion. Paul can perform haircuts at a rate of 5 per hour, distributed exponentially. Find the average number of customers waiting for haircuts.
Currently, industry has 20 projects per year and each senior designer can handle 6 projects per year. Illustrate what is current labour utilization of senior designers. Illustrate what do you recommend.
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