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Q4 Statistcal Process Control
A set of data has been collected and evaluated for process failures using Statistical Process Controls. After the quantitiate analysis had been completed, several observations were made.
Questions: Both tell you answer and explain/justify it.
a) If no values are outside of the control limits, what are the implications for the business and what would you recommend they do?
b) If 10% of the values are outside of the +/-1 standard deviation control limits, what are the implications for the business and what would you recommend they do?
c) If 10% of the values are outside of the +/-3 standard deviation control limits, what are the implications for the business and what would you recommend they do?
d) If 10% of the values are higher than the +3 standard deviation control limit and no values are below the -3 standard deviation control limit, what are the implications for the business and what would you recommend they do?
Determine the quantity of exercise books the university should order each time it makes an order in such a way as to minimise the total cost incurred.
Solve the following problem graphically and create the feasible solution space.
This is designed to analyze an organization and to help develop a plan for that organization to better Operationalize sustainability in the future. This is the paper you will keep as part of your MBA Portfolio which you could show to current or futur..
the number of components the company should order, the frequency of ordering, the total annual cost of the inventory, expected value, return on investment, decisions under certainty, decisions under uncertainty, Decision making
How much of each product do you recommend be produced that you believe maximizes revenue? How much revenue would be made if they followed your recommendation?
Give both a high-level algorithm and an implementation (\bubble diagram") of a Turing machine for the language
Case study:The British Airways story
The purpose of this assignment is for you to reflect on practical case studies and consider how these relate to the material covered in Foundations of Operational Research and Business Analysis.
No additional fixed costs would be incurred if this proposal is accepted
Explain the distinction between Prediction and Forecasting?, Why Forecasting is significant in decision making?, Define Delphi technique of Forecasting. What are the various decisions operation managers are called upon to make in the manufacturing ..
Show all work by describing variables, stating assumptions, illustrating model and showing output solution to the problem.
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