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Customers arrive at an automated coffee vending machine at a rate of 3 per minute, following a Poisson distribution. The coffee machine dispenses a cup of coffee in exactly 15 seconds.
a. What is the average number of people waiting in line?
b. What is the average number in the system?
c. How long does the average person wait in line before receiving service?
Discuss the proper preparation aspects of new product development. Deduce why companies are feeling the pressure to bring new products to the market quickly.
select an organization with which you are familiar that conducts both domestic and global marketing. write a 1050- to
You are interested in buying a laptop computer. Your list of considerations include the computer's speed in processing data, its weight, screen size, and price. You consider a number of different models, and narrow your list based on speed and monito..
The forecast for Monday was derived by observing Monday's demand level and setting Monday's forecast level equal to this demand level. Subsequent forecasts were derived by using exponential smoothing with a smoothing constant of 0.25.
write 400-600 words that respond to the following with your thoughts ideas and comments. be substantive and clear and
Explain the use of "Material Requirements Planning" concepts in manufacturing and Service organizations.
What things must we keep in mind when writing an email versus speaking with someone face-to-face
What role does basic technological research play in the product development process? How would you modify Exhibit 2-3 to better represent the research and technology development activities in product development?
What are the pitfalls and sand traps in fund-raising and why do entrepreneurs sometimes fail to avoid them?
Amanda and Chris McDermott own a small business, Plastic Dollars, which produces and maintains stored value cards for retailers. Most of the cards they sell are gift cards, such as those available in various restaurants and stores.
Explain the historical evolution of health care quality improvement programs. Demonstrate an understanding of operational management theory.
Distinguish between the actual cash value basis of recovery and replacement cost? Indicate why insurance companies use insurance to value provisions and explain how the coinsurance clause operates
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