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Quantitative Analysis for decision making class
1- linear regression is great tool for use in statistics and most research applications. Several companies use it to develop forecasting models and to optimize resource utilization. Thus, using it in the logistics and supply chain is more difficult because of many variables, such as labor, demand, multiple suppliers,inventory, etc. How do you evaluate which variables are more important for your forecasting model and how do you know that your forecast is accurate?
2- outliers will help researchers to determine the cause of the faulty measurements (process or measurement tool failure). Based on the grouping of outliers, researchers will deduce if the results are "false positives" or if the error is part of the process setup. what are some of the possible consequences of considering that outliers are "false" positives? How will you reduce number of outliers in your study?
Determine the problem as stochastic dynamic programming problem. Specify phases, states, decisions and the optimal value function.
Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.
Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.
Briefly explain Evolution and contributor of Operations management.
Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..
Ccompare the effectiveness of different leadership styles in different organizations
A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..
Operations Management problem relating to an organisation with which you are familiar and undertake a critical review
Find one scholarly journal article reporting on one or more of the following techniques: business/predictive analytics, dashboards, decision support systems, supply chain management.
Describe the organisational culture or leadership style within Walmart
Solutions provides a computer-based document processing service
Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.
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