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Consider an insurance company that wants to underwrite automobile insurance; the actuaries need historical data involving claims and motor vehicle violations to properly rate their product. If you were the risk manager charged with developing a new line of auto insurance, which market would you pursue and which ones would you not pursue? Provide examples with factual data (and cite your sources) in your answer.
Define useful capacity measures for each of these:
Wilshire Farms uses 6000 pounds per year of a special feed supplement that costs $5 per pound. The supplement’s supplier offers a two percent discount (to $4.90 per pound) if it is ordered in quantities of 3000 pounds or more at a time. It costs $100..
The costs of flying a bicycle are shown in the table below. WACO wants to minimize the total cost of shipping the required bicycles to its customers.
Carl's Custom Cans produces small containers which are purchased by candy and snack food producers. The production facility operates 300 days per year and has annual demand of 12,000 units for one of its custom cans. What is the optimal size of the p..
When looking at the life of a project plan, it is useful to graph and outline the cost variance (CV), and schedule variance (SV). Determining progress, or lack of progress, provides essential information to assess a given project.
Will Dogswell money from the investors solve the problem? Are there other actions they should take in addition to, or in lieu of, using the investor's money?
Policy and management commitment: What is the policy? Is it communicated and understood within the organization? Are responsibilities assigned - QEHS manual( or other document which describes the MS): How is the MS documented within the organization..
Louis Vuitton was founded in 1854 and opened its first workshop in 1860 in the Paris suburb of Aspires. Work at Aspires is still done by hand, and many current models are closely based on the original designs that made Vuitton a fashion icon. Workers..
The HR Director (your manager) has asked you to lead the new training initiative. She wants you to focus on meeting the needs of the organization and meeting the needs of the employee while minimizing disruptions to productivity. Explain the importan..
The injection molding department of a company uses 40 pounds of a powder a day. Inventory is reorder when the amount on hand is $240 pounds. Lead time averages five days. It is normally distributed and has a standard deviation of two days. What is th..
Identify and discuss a new law from the current or most recent legislative session pertaining to Texas Community Colleges on a topic of personal interest. How will the new law impact you as a student? What was the back story that created motivation f..
When firms pursue both differentiation and cost reduction simultaneously some get stuck in the middle (resulting in low profitability) and some do not. What accounts for the difference between these two kinds of firms?
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