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Failsafe Textiles employs 3 highly skilled maintenance workers who are responsible for repairing the numerous industrial robots used in its manufacturing process. A worker can fix 1 robot every 8 hours on average, with an exponential distribution. An average of 1 robot fails every 3 hours, according to a Poisson distribution. Each down robot costs the company $100 per hour in lost production. A new maintenance worker costs the company $80 per hour in salary, benefits and equipment. Should the manager hire any new personnel? If so, how many people? What would you recommend to the manager, based on your analysis?
please link to an advertisement that exemplifies consumption as described in the text and define its relation to the material in the text
The Grand Valley Company, run by the J. Motwani family, produces two products: bed mattresses and box springs. A prior contract requires that the firm produce at least 30 mattresses or box springs
The cost of baking a cake is $6 and demand is estimated to be normally distributed with a mean of 25 and a standard deviation of 4. What is the optimal stocking level?
How many machines should be purchased to meet the upcoming year's demand without resorting to any short-term capacity solution?
Develop a list of changes for the operations function that should be considered by the bank. Begin by identifying operations management decisions that would be involved in operating a bank, for example, layout of facility, staff, drive-through servic..
At what volume of output would the two locations have the same total cost? For what range of output would location A be superior? For what range would B be superior?
The supplier would like to deliver sweatshirts once a week. Explain how much will this price the co-op per yr. Under illustrate what conditions would you agree to the supplier's proposal.
Solve the problem by rolling back the decision tree. In the second gamble, you have a 40% chance of receiving $80, a 40% chance of receiving $60 also a 20% chance of receiving $50. Draw a decision tree to represent the problem. Solve the problem b..
Craig applies for a job at Dispatch Transportation & Warehousing, Inc., for which he is well qualified. He passes a test to determine which applicants are eligible for hiring, but the employer discards the results, and Craig is rejected. Dispatch con..
Formulate and solve a linear programming model in Excel to develop a work schedule that processes all checks by 8 P.M. and minimizes daily labor costs.
The three hundred gallons of a mixture containing 75.0wt% ethanol (ethyl alcohol) and 25% water (mixture specific gravity=0.877)
Bank then sought possession of his entire inventory, even though inventory was now twice as large as it had been when loan was made. Edward claimed that bank had rights to only half of his inventory. Is Edward Correct. Explain.
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