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"KNOW HOW MANAGEMENT CONCEPTS RELATE"
1. Describe the primary steps involved in the rational decision-making progress.
2. What is the relationship between bounded rationality and satisficing?
3. Describe the relationship between "System 1" and "System 2" decision - making processes?
Discuss the effects of reducing the size of transfer batches. Suppose an operation has excess capacity (i.e., it is not a bottleneck); however the setup time between batches is not insignificant.Should process batches be large or small? What determin..
Conduct a SWOT analysis on the case study company's internal environment. Create a case study analysis focusing on the company's internal environmental issues through the development of long-term objectives.
Describe the concept of the change management process within a project. Provide two specific reasons why having a structured change management
A workstation must produce 400 units an hour. It takes 24 minutes to receive the necessary material for production from the previous workstation.
Raj has a jewel chest containing Rings, Pins and Ear-rings. The chest contains 26 pieces. Raj has 2 1/2 times as many rings as pins, and the number of pairs of earrings is 4 less than the number of rings. How many earrings does Raj have?
Why is the BOM file sometimes called a product structure tree? Suppose a 5-level BOM has one subassembly (AX205) on level 2 and another (BY407) on level 4. Which subassembly has a level code nearest the end item?
What was the public issue facing The Coca-Cola Company (TCCC) in this case? Describe the "performance- expectations gap" found in the case - what were the stakeholders' concerns, and how did their expectations differ from the company's performance?
Why might a company want to reposition its products?
Macon Controls produces three different types of control units used to protect industrial equipment from overheating. Each of these units must be processed by a machine that Macon considers to be their process bottleneck.
The program chair for the campus business club has asked you to present a talk to the group about consumer credit. He saw a news- paper article saying that only 10 percent of Americans know their credit scores. Many consumers, including students, hav..
How will project communications and interactions work between the project manager, the stakeholders and the project team. What are some of the issues you, as the project manager will need to be concerned about in forming the project team
The lead time is 2 days. Can you determine an optimal order size for this company that will enable them to limit the probability of a stockout to 5%?
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