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An office security system at Delco, Inc. has two component parts, both of which must work for the system to function. Part 1 has a reliability of 50 percent, and part 2 has a reliability of 50 percent. Compute the reliability of the system
A local manufacturer builds lawn mowers for sale nationally. This year the company has put a new production process in place. Production has increased from 60 lawnmowers per day last year to 90 lawnmowers per day this year. What was number of quality..
What kind of workers would enjoy working at Jamestown Advanced Products, and what kind would not? Can you see how productivity at Jamestown would increase as certain kinds of employees would self-select themselves out of the company and others would ..
The annual demand for a product is 16,000 units. The weekly demand is 308 units with a standard deviation of 80 units. The cost to place an order is $30.50, and the time from ordering to receipt is six weeks.
In 1 year, a health food manufacturer produces and sells 240,000 cases of vitamins. It costs $2 to store 1 case for 1 year and $15 set up to run a batch. How many batches should be produced annually in order to minimize the cost? Your uncle runs a sm..
Identify a business that has recently launched a quality improvement initiative (Harley Davidson would be just one of many examples). Your business could be one that is primarily product-providing or one that is primarily service-providing. Do some i..
The reality byte collectibles as investments talks about how eBay has enabled investors to create a value for colllectibles. how do investors' estimate the cash flow for these items? Use the gold coin and Pokemon cards to exemplify your answer. What ..
What is a run? How are run charts useful in process control?
What mechanisms do you believe should be in place to help ensure that Dyesol's ojbectives (and those of its partners) are met in its collaborative relationships?
With technology always advancing and changing, determine whether the hospitality industry stays ahead or lags behind with these advances/changes.
Assume you are the head of a family household. Your teenage son has just purchased his first vehicle and is questioning the value of purchasing insurance. He is complaining that it is too expensive and he can afford only minimum limits. Apply the ben..
Compute gain or loss in the futures market after describing the transactions. Calculate the effective revenue with the hedge. Describe all transactions clearly.
Why is this statement wrong: "Economists argue that lower prices will result in fewer units being supplied. However, there are exceptions to this rule. For example, in 1972, a very simple 10-digit electronic calculator sold for $120.
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