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A group of college graduates decides to start a business. Though they are knowledgeable in various business domains, they are unable to arrive at a valuable business idea. They decide to search for ideas in a structured manner. They meet and start discussing everyone's ideas. Each idea is recorded and then thoughts that come up in relation to the ideas are written down and discussed. This process helps them to finalize a business plan. What techniques is used here?
a) reverse assumption analysis
b) attribute lisitng
c) mind mapping
d) forced relationship analysis
Assuming an allowance factor of 12 percent of work time, determine the standard time for this job.
How long from start to finish will it take to complete the processing the five cars - how much idle time was incurred by the washing process
A competitor is opening a new facility with 12 pumps across town. Table 10.13 shows the travel times in minutes from the four different areas in the community to the sites and the number of customers in each area.
Companies that compete in the global environment usually face two types of competitive pressures: a) pressure for cost reductions and b) pressures to be locally responsive: These two sometimes place conflicting demands on a company.
1. partial determination of which statistical technique you will employ to measure the quality characteristics of your
A transshipment center receives incoming trucks at its loading dock; on average, 1.2 trucks arrive each hour. There is currently a team of two workers at the dock, who unload each shipment in about 30 minutes. Each worker is paid $10 per hour and ..
A company has a factory that is designed so that it is most efficient (average unit cost is minimized) when producing 28,500 units of output each month.
Discuss the importance of each of the following Matching supply and demand Managing a supply chain
1. Discuss the approaches a firm can use to manage inventory to meet predictable variability of demand. (max. one and a half pages)2. Discuss key issues to be considered when implementing aggregate planning (one and a half pages)
Mountain States Electric Service is an electrical utility company serving several states in the Rocky Mountains region. It is considering replacing some of its equipment at a generating substation and is attempting to decide whether it should repl..
What does the Patient Protection and Affordable Care Act implement in terms of mandating individual health insurance coverage?
Explain the logic behind explain how MRP's gross-to-net calculations are processed. Illustrate what input files are comprised in this process.
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