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Dan has a newspaper stand where he sells papers for $0.50 each. The papers cost him $0.30 each, giving him a 20-cent profit on each one he sells. From past experience, Henry knows that
20% of the time he sells 100 papers
20% of the time he sells 150 papers
30% of the time he sells 200 papers
30% of the time he sells 250 papers
Assuming that Dan believes the cost of a lost sale is 10 cents and any unsold papers cost him $0.30, simulate Dan's profit outlook over 5 days if he orders 175 papers for each of the 5 days. Use the following random numbers: 52, 06, 50, 88, 53.
The main problem with performance appraisal programs is supervisory bias when making judgments. How can a company attempt to identify and reduce appraisal bias? Respond substantively to two other learners.
This solution discussed the similarities and differences between operations and supply chain management. You have been asked to develop a short presentation on comparing and contrasting operations management to supply chain management.
This assignment is the first step in the course project. The overall project will involve determining a number of approaches and variables that a company would consider in marketing an existing product or a service to a new type of customer. This typ..
Because you are working together as a team, it is seen by the ownership that if one is successful, you are all successful. Likewise, if one fails, you all fail. The future success of the company is dependent on your mutual success.
Discuss if states should have the ability to work with one another when a cyber-crime is carried out across state lines.
In what kind of industries does a localization strategy make sense? When does a global standardization strategy make most sense?
The minimum communality criterion states that enough components should be extracted so that the communalities for each of these variables exceeds a certain threshold
A firm produces handbags using three workers. On Tuesday, Jane completed 60 bags in 6 hours, Ron completed 50 bags in 7 hours, and Mary completed 80 bags in 5 hours.
The Bureau of Labor Statistics collects input and output data from various countries for comparison purposes. Labor hours are the standard measure of input. Calculate the output per hour from the following data. Which country is most productive?
Illustrate what would be the effect on system waiting time of having a second ticket taker doing nothing but validations also card punching, thereby cutting the average service time to 20 seconds.
Under what circumstances does requesting cost or pricing data help the government or work against the government? How so?
You have just determined the actual number of workstations that will be used on an assembly line to be 25 using the assembly-line balancing procedure. The cycle time of the line is 30 seconds and the sum of all that tasks required on the line is 10 m..
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