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Suppose that the specifications for a part (in inches) are 6.00 +- 0.15, and that the Taguchi loss function is estimated to be L(x) = 6.500 (x - T)^2. Determine the estimated loss if the quality characteristic under study takes on a value of 6.20 inches and 10 parts are produced.
Would the third crew member be economical? Would a fourth member be justifiable if the resulting service capacity were 2.6 trucks per hour?
What is the difference between data and information? Why is the distinction important? Identify and describe the characteristics and costs of useful information.
Explain what is involved in building capabilities internally? What steps are required? How much time does it take? How hard is it? Support your answer. How does your case study company do this?
“Listen, elasticity is important,” said the director of the aquarium, “but we borrowed $21.6 million (for 20 years, other fixed costs are $10,000 per month; total fixed costs per month are $100,000) to build the aquarium last year. Furthermore, ther..
Define each of the four stages of the learning cycle and provide an example of each of the four stages. What are the four fundamental learning styles? Define each style and provide a specific example of each based on your understanding. Then identify..
You are probably so used to seeing Starbucks coffee shops everywhere that you might not realize the company went from just 11 stores in 1987 to 2,600 in the year 2000.
Former Freedom Airlines (FA) chairman Bob Crandall is widely acclaimed as an airline executive who not only made Freedom Airlines a success, but changed the whole airline dramatically. Based on what you know about labor relations, what factors at FA ..
Calculate the present value of a stream of cash flows based on a discount rate of 8%. Annual cash flow is as follows:
Which of the following factors would tend to reduce productivity?
Suppose you are an HR professional who convinced your company's management to conduct a survey of employee satisfaction. Your budget was limited, and you could not afford a test that went into great detail. Suggest numerous ways you might begin to ma..
Boxes of Honey-Nut Oatmeal are produced to contain 16.0 ounces, with a standard deviation of 0.20 ounce. For a sample size of 49, the 3-sigma x-bar chart control limits are: Upper Control Limit (UCL x-bar)= ounces (to two decimal places)
A certain customer has placed an order for 50,000 gizmos that need to be produced during the next five days. If the factory operates a single eight-hour shift, what is the take time for this order, allowing 10% non productive time for breaks and mach..
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