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In an offshore facility securing replacement is challenging. Offshore installation manager wishes to maintain sufficient inventory of critical component (pump) to achieve 99% of reliability of production operation. For simplicity purpose, consider time to failure of a pump is exponentially distributed with a failure rate of 0.00056/hr. There are 10 pumps operating in the offshore facility. How many spare pumps the facility management must maintain to achieve a 0.99 probability of replacing all failures in a given year? Assume continuous, round the clock production throughout the year
Explain why the four steps involved in the controlling function are important. Why is a good understanding of the various ratios used by accountants and managers important to the controlling function. Give specific examples. Respond substantively ..
Compare the in-transit inventory and the safety with another supplier who can supply by road with a lead time with a range of 1-2 days. Select a measure of risk and estimate it for each of the two supply chains.
Explain the following concepts: selective exposure; selective attention; perceptual defense and perceptual blocking
A Colorado silver mine was owned by a company that went bankrupt. The three main creditors of the bankrupt firm formed the Raytheon Mine Company (RMI) as part of the plan of reorganization. Billerâs former partners in RMI brought a claim for contribu..
Imitability of a resource can occur through:
In your judgment, did the managers of Merck have a moral obligation to spend the money needed to develop the drug for river blindness? Can you share your moral standard or standards on which you base your judgment? How might the Ethical Decision Grid..
He was also obligated to deliver proceeds of sale to Witt also of course failed to do that. Park claimed that car was rightfully his. Witt argued that Park owned nothing because he never got title also because Witt never got his money. Who loses a..
Your firm is considering exporting to two countries: Kenya and Vietnam. However, management’s knowledge about these countries’ trade policies and barriers is limited. Conduct a search using GlobalEdge and other sources to identify the current import ..
there are a number of companies that utilize a global supply chain management strategy. identify and research a company
What are vision and mission statements? What is their value for the strategic management process? Select an example of strong Vision/Mission (cite your source). What are its positive characteristics?
Identify common political factors for an MNC to consider when assessing country risk. Briefly elaborate on how each factor can affect the risk to the MNC.
When running a business, analyzing outcomes from previous months is a helpful step in refining projections and position. Discuss the importance of evaluating the competition and continually refining your position in the market to maintain an advantag..
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