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That intuition is indeed a result of our past experiences. So, Class, in your organization when are decisions acceptable to be made on intuition vs. quantitative analysis? What approach does senior management expect? What approach does your manager expect? If you are a manager, what approach do you expect from your employees?
Executive Compensation in the US is out of control. Salaries for most CEOs are way too high in comparison to front line wage earners in the same company.
Suppose Ben decides to reorder 35 mm film when there are 86 rolls left in stock. How much safety stock is implied by this reorder point. What is the service level implied by Ben's reorder point of 86 rolls
The target value for the mean of the process is 10 units, and the standard deviation of the process is 6.
Explain the relationship between quality and productivity under the lean philosophy and discuss why lean hard to implement in practice? How is choice between a level strategy and chase strategy influenced by the skill level of workforce and the degre..
A manager must set up inventory ordering systems for two new product items, P34 and R35. P34 can be ordered at any time, but R35 can be ordered only once every four weeks. The company operates 50 weeks a year and the weekly demand for both items are ..
Compare and contrast large-scale change techniques with the traditional guiding coalition approach. What are the strengths and weaknesses of each?
A product is currently made in a process-focused shop, where fixed costs are $9000 per year and variable cost is $50 per unit. The firm is considering a fundamental shift in process
Windell Travel and Windell Hotel’s both claim that they did not have a contract with Jack because he was a minor at the time of his dealings with Bailey and that they are therefore not responsible to Bailey, and the contract was void. Can Jack refute..
Analyze your ability to adapt to the foreign culture you selected and the likelihood that you would succeed in an international managerial assignment in that country. Provide specific examples to support your rationale.
Product at the Jennings Company enjoyed reasonable sales volumes, but its contributions to profit were disappointing. Last year 14,500 units were produced and sold. The selling price is $22.00 per unit, the variable costs is $15.00 per unit, and the ..
What recommendations might you give to a team that is facing a major organizational change? How does change management link to meeting strategic goals?
Briefly explain or define each of these parts of the model - The Stone Company produces three sizes of window fans: small, medium, and large.
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