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A bank has recently taken over the billing function of company. An agreement stipulates that the bank should process 99.2% of the bills within 4 hours. A study of the current process indicates that the processing time averages 2.2 hours per bill with a standard deviation of .8 A process improvement team has suggested a change. Experiments indicate that the change will lower the average processing time to 2 hours but raise the standard deviation to 1.2. Should this change be implemented? Why?
What two issues should be addressed in qualifying potential international suppliers? Why?
How long would it take to complete 1,000 projects with each alternative? What is the labor content (total number of labor hours) for 1,000 projects for each alternative?
One of the techniques used by companies in the late 1800s to discourage union organizing was to create company unions. This case would seem to suggest that nothing about the workplace had changed in over 100 years. What decision do you think the j..
Discuss what working capital is and how it is relevant to cash budgeting.
If you believe that urine testing in some form might be acceptable, write down the outlines of sound testing program. Who should be tested? Employees? Job applicants? Should there be random testing? Should people in all job categories be tested?
What is the difference between a mission and vision statement. Discuss why mission statements are important in performance improvement and why a solid mission statement (describing your goals) should be in place in the quality of health care manag..
describe how to improve productivity in non-hospital organizations e.g. American Heart Association, Lupus Foundation, Alzheimer's Association etc.
Illustrate what is the average number of people in line. Karen raises the price to $5 per cup and takes 60 seconds off the service time.
Supposed the objective function is changed to, do you need to re-graph the feasible region of this LP. Why. Illustrate what is the solution for the new LP.
If sales price includes a mark up of 40%, and if the products are made on borrowed capital accruing simple interest at the rate of 4%, what is the interest cost due to credit sales?
Name at least two other worker protection laws. What is unemployment compensation? What is social Security? What is the National Labor Relations Board and what does it regulate?
Identify the main types of traditional and horizontal organization structure. Using an organization of your choice as an example how is the structure of the organization a reflection of its environment (including national culture), its goals and c..
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