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Question 1 - In today's fast-paced environment, individuals are continually trying to do more with the same limited time constraints. In a retail store like Wal-Mart, explain how components of queuing systems can influence customer satisfaction or dissatisfaction. How might the queuing process positively or negatively impact customer loyalty? Question 2 - Read the article by Satell (2013) entitled "Why The Future of Innovation Is Simulation." (https://www.forbes.com/sites/gregsatell/2013/07/15/why-the-future-of-innovation-is-simulation/#7210fbcb29fd) Based on this article and additional reading and knowledge, answer the following questions: Under what conditions would you choose to use a simulation model? What is the simulation process? Explain the pros and cons of using simulation modeling.
Assume Pay Grade A has a midpoint of $42,000 per hour with a 40% pay spread. Pay Grade B had a minimum pay of $60,000 per hour.
What strategic planning model does your chosen organization currently use. Which theoretical framework, such as systems theory or change theory, does your chosen organization currently use
Calculate the annual inventory holding costs based on the average inventory level and annual holding cost per box. Calculate the annual inventory ordering costs based on the number of orders expected to be placed during the coming year.
Suppose that you collect data for 15 samples of 30 units each, and find that on average, 2.5 percent of the products are defective. What are the UCL and LCL for this process?
Inventory costs and levels have declined in relation to the gross domestic product (GDP), in recent years. Carrying high levels of inventory can be costly and risky. While products sit on shelves, opportunities and financing might be missed. Pilfer..
The time needed for checking in at a hotel is to be investigated. Historically, the process has had a standard deviation equal to .146. The means of 39 samples of n = 14are
Compare and contrast the advantages and disadvantages of non-numeric and numeric selection models. Describe how selection criteria are developed and used for the selection and prioritization of projects
What is the difference between planned and unplanned change? As a manager which would you prefer? Give an example of how teams are involved with implementing change in an organization that you are familiar with. Was the change successful? How was suc..
The laundry firm that has the linen contract requires a 2-day lead time. The hotel expects a 98% service level to satisfy high guest expectations.
What were the drivers for Lenovo to build, in 2012, a manufacturing facility in Whitsett, North Carolina instead of in low-cost regions such as Asia or Mexico?
Discuss specific steps for researching company information for purposes of conducting external analysis or any other relevant need to support strategic leadership.
Describe the implications of the product-process matrix for process design in a competitive situation.
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