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The regular car can drive an average of 27 miles per gallon while the electrical car can drive 100 miles per charge. Assuming that gasoline prices remain on average at $3/gallon, while charging the electrical car costs on average $5/charge. Either car you end up purchasing will be used for work only and a round trip is 25 miles per day (you can assume that a week is 5 work days and a year is 50 work weeks). Ignoring the time value of money, maintenance cost, and resale value, answer the following:
a) How much is the total cost for each option in the first year given the amount of driving you are expected to make
b) Assuming all of the given numbers remain the same over the years, how many years are you expected to drive before both options break even.
View the video Making it All Work. Explain the parallels of the concepts presented in the video to the five functions of management. Explain how the five functions of management can help you in your personal life. How could the concepts presente..
Using process flow analysis, Describe the similarities and differences between an intermittent operation and a repetitive operation process and indicate how each would be selected for use by a business. Provide one or more examples of each.
What is the difference between risk identification and risk control in the context of protecting information systems?
What is the process capability index for Vaxidene? Is the acceptable? Explain. What standard deviation is necessary for a process capability index value of 2?
Do cost overruns just happen, or are they caused? Can you use your baseline measurements to control cost overruns? If so, how? Explain and utilize examples to support your explanations.
You will need to include information such as cost, compatibility with current systems and work flow processes, functionality, ease of use, and end user support.
If waiting cost is $5 per unit per min and cost of serviceing one unit is $4.
Why is Control so important? Provide an example from current events, past event or personal experience where a lack of the control function was disastrous. What simple control could have been implemented to prevent the problems?
Many of you will have heard of Six Sigma management. What you may not realize is that the etymology of the term Six Sigma is rooted in statistics. As you should have seen by now in your textbook, statisticians use the Greek letter sigma (σ) to denote..
What is the probability that this opportunity could occur? What is the impact? What are the risks (adverse effect) that are introduced by this change in plans? How will you communicate this change to the vendor?
Looking ahead at 2011, the company estimates that its assets must increase at the same rate as sales, its spontaneous liabilities will increase at the same rate as sales, its profit margin will be 5% and its payout ratio will be 60%. How large a s..
Size-up" the case (determine the influence of the issue/problem, decide what was done well, and identify what could be improved) IV. Provide recommendations (identify courses of action; what would you do differently?) Develop a case analysis on this ..
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