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Create a poisson histogram in the range from zero to nine arrivals per hour for a distribution with mean of 4 arrivals per hour. Is your distribution symetrical about the mean?
Invent the mission and strategies of the SBU. They should be consistent with the company mission and strategies, but they do not have to match the real world-i.e., make them up if necessary.
Formulate a balanced transhipment problem (draw the transportation tableau) which can be used to minimize the shipping costs incurred in meeting consumers' demands. Solve the problem by utilizing QM for Windows.
Suppose we are ordering computer chips. Suppose that in each order, exactly 10% of all chips are defective. As soon as the order arrives, we ?nd out which chips are defective and return them for a complete refund
Bowman Builders manufactures steel storage sheds for commercial use, Joe Bowman, president of Bowman Builders, is contemplating producing sheds for home use.
A small firm intends to increase the capacity of a bottleneck operation by adding a new machine. Two alternatives, A and B, have been identified, and the associated costs and revenues have been estimated.
MacPack Products orders materials from its suppliers 26 times per year, at a re-ordering cost of $350 (per order). The company's average inventory is valued at $400,000. What is Macpack's annual inventory carrying cost, assuming an ICC rate of 25%..
What is the total cost if Dave relies on part-time employees to meet additional demand? What is the total cost if Dave hires one more full-time employees to meet additional demand?
Speculate on applicability of Gunelius's analysis to your business idea for this course. Do you think se trends will remain relevant through next decade. Illustrate what changes do you think will occur also explain why.
Assign tasks to work stations using the longest task time heuristics (longest operating time rule). 5. How much total idle time is present each day? 6. What is the overall efficiency of the assembly line?
Discuss the ethical violations concerning CVS Pharmacy banning tabacco products in their stores. Does this make sense from a "market system" perspective.
Defend the process of developing a mission statement. Why do you feel that this process is necessary and complimentary to strategic management? Support your answer with at least two examples and detail where applicable
Discuss possible ways that a company could benefit from making customers more aware of environmental laws. Provide specific examples to support your rationale.
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