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Customers arrive at a fast-food restaurant with one server according to a Poisson process at a mean rate 30 per hour. The server has just resigned, and the two candidates for the replacement are X (fast but expensive) and Y (slow but inexpensive). Both candidates would have an exponential distribution for service times, with X having a mean of 1.2 minutes and Y having a mean of 1.5 minutes. Restaurant revenue per month is given by $6000/W, where W is the expected waiting time (in minutes) of a customer in the system.
Determine the expected waiting time of a customer in the system by hiring either x and y.
Task 1: Take a job description for an engineering role in an organisation and analyse the content for the essential elements of the role (duties and tasks, responsibilities, incentives, direct and indirect reports and relationships). Identify how pe..
The expected return and standard deviation of project B is 25% and 20%, respectively. The risk-free rate is 8%. What is the reward to risk ratio for project A?
What constitutes a "project"? Based on the weekly reading or PMI PMBOK, what is the definition of a project?
How to Respond to Risks - As a project manager, the risk assessment is one of the most important pieces of project documentation.
Calculate the total cost using a one-month planning horizon.
Project Management of Applications - Show the role of the project manager in the in-house development of a customized application.
The conceptual development process, scope statement and statement of work that will clearly detail the projects expectation , problems , goals, objective, and aids in the projects communications with stake holders
Suppose when you have experienced yourself as being part of a dominant culture. What conditions or "rules" allowed you to be part of the norm?
Articulate a vision of where you want to be in 5-10 years and develop a business case to justify spending money on your education.
Total carrying cost per year - If it costs $2 in storage costs to hold a $10 item in storage for 1 year, the total carrying cost per year
After several hours of analysis, you develop the following data for scanner connectors used in one work cell. How many kanbans do you need for this connector?
Explain three short-term projects which must be developed immediately at Clarion. Explain how to effectively prioritize projects.
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