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Consider a "professional services pyramid" like the one pictured below, and assume that the firm only does entry-level hiring (that is, all managers and partners are promoted from within). Suppose that the number of juniors, partners and managers remain relatively constant over time. New hires spend an average of 5.4 years in the "junior" ranks, considering all the modes of exit, and those who are promoted to manager spend an average of 8.0 years in that category, again considering all modes of exit. If the number of managers is constant at about 40, and only 20% of new hires are eventually promoted to manager, then how many juniors does the firm employ?
What will be Doug's mean profit from selling the tickets? What is the probability that Doug will make at least $0 profit? (b) Generate a Decision Table to consider possible quantities of tickets to purchase between 18 and 32. Which purchase quanti..
Any which remain are donated to a nearby senior center. Analysis of recent demand resulted in the subsequent table: Explain how many cakes should be prepared to maximize expected profit.
Identify possible constraints the hospital may experience in its supply chains. Describe the potential effect of implementing a new collaborative planning process. Justify implementing a new collaborative planning process.
Discuss the long and short term implications for a company's products and profitability if they fix problems at the end of a production line, or stop production to deal with the problem when it is discovered. Consider such things as "can you find all..
A company that produces pleasure boats has decided to expand one of its lines. Current facilities are insufficient to handle the increased workload, so the company is considering three alternatives.
An assembly line with a number of tasks is to be balanced. The sum of the task times is 62 minutes. The line will operate for 6 hours per day.
Using these data how many mocha latte coffees would be forecast to be sold according to simple linear regression if the price per cup
Describe the fundamental safety and health principles behind the control of hazardous energy standard. Be sure to touch on what hazards the standard is designed to circumvent.
What makes a sample biased or representative. What is the difference between argument and an explanation
Clement Bait & Tackle has been buying a chemical water conditioner for its bait (to help keep its baitfish alive) in an optimal fashion using EOQ analysis. The supplier has now offered Clement a discount of $0.50 off all units if the firm will mak..
Explain what these tools are and how they are used. What are the benefits of each example for managing production of goods and services for the company
The company makes a net income of $1.00 for each regular pizza and $1.50 for each deluxe pizza produced. The firm currently has 150 pounds of dough mix and 800 pounds of topping mix.
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