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explain the difference between profit and contribution in an objective function. Why is it important for the decision maker to know which of these the objective function coefficient represent?
Webster Chemical's nominal weight for filling tubes of caulk is 8.00 ounces plus/minus 0.60 ounces. The target process capability ratio (Cpk) is 1.33.
What were the causes of the weak safety record of the Bangladesh garment industry? Do Western companies that import garments from Bangladesh bear any responsibility for what happened at the Rana Plaza and other workplace accidents?
Illustrate what do you think are risks involved (to HR also organization as a whole) if HR does not make this a priority also instead remains a purely task-oriented department mostly administrative in nature.
During the 1950s and 609, Mr. T. Ohno of Toyota developed the k a n Production System. Subsequently many other Japanese automobile companies adopted it.
In brief discuss the marketing research process. How can firm leverage its marketing information system (MIS) to yield the greatest value for its research efforts?
Should a firm install an expensive safety device that will increase cost but that customers do not want. Are same principles involved in both these questions. Explain.
Better Fitness, Inc. (BFI), manufactures exercise equipment at its plant in Freeport, Long Island. It recently designed two universal weight machines for the home exercise market.
Identify elements of Nissan Altima value chain. Where can information be used to decrease costs or increase customer satisfaction or both? Explain.
What is the design capacity of a production system that produces 753 good units a year with a utalization of 90% and yield of 85%?
Evaluate the challenges that for-profit public companies face from recurrent scandals, political attacks and alternative corporate structures such as the B-corp.
How an individual learns is essential to improving performance and effectiveness. How an organization learns is critical to remain viable and competitive. Learning is key to forward movement for an organization.
A large supplier of electronic components has decided to control the inventory of a certain item by a periodic review, order up to R policy. The mean demand rate for this item is 500 units per year.
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