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You are the manager of a local bank where three tellers provide services to customers. On average, each teller takes four minutes to serve a customer. Customers arrive, on average, at a rate of 40 per hour. Having recently received complaints from some customers that they waited a long time before being served, your boss asks you to evaluate the service system. Specifically, you must provide answers to the following questions: The average utilization of the three-teller service system is rho = (Enter your response rounded to four decimal places.)
A large bakery opens 365 days per year and buys flour in 25-pound bags. The bakery uses an average of 48,600 bags a year. Preparing an order and receiving a shipment of flour involves a cost of $100 per order. Monthly carrying costs are $1 per bag. D..
All companies must adapt to the marketplace. Some companies re-invent themselves several times along their Industry Life-Cycle. Industry names this innovation. New products, new markets, re-vamping existing products. All of these pieces contribute to..
Creative Homework/Short Project You are an entrepreneur who is designing a new line of boutique hotels located along Florida's coastlines. Each of the 75 guest rooms in each hotel will offer upscale decor, Wi-Fi, and iPod docks for a nightly rate of ..
How does it explain the need for the mastery competencies suggested in Leadership From the Inside Out, that focuses on Purpose, Values, Interpersonal Relationships, and Being vs. Doing.
Suppose that you are the manager of a production department that uses 400 boxes of rivets per year. If demand is constant and lead time is normally distributed with a standard deviation of 2 days, what safety stock should Quick Stop carry for a 95% s..
What are the most commonly used quantitative criteria to evaluate strategies? Give several examples of these criteria.
within the discussion board area write 250-300 words that respond to the following questions with your thoughts ideas
What is the project's net present value (NPV)? What is the IRR? Must show work
Suppose the difference between the upper specification and the lower specification limits is 0.8 inches. The standard deviation is 0.1 inches. What is the process capability ratio? Please provide the formula, at least one step of calculation, and the..
You are considering opening a small doughnut shop in your hometown. Research the process required to make doughnuts. After learning all of the steps that are required in the production of doughnuts, respond to the following:
A mass of 10kg travelling at 5 m/s undergoes a head on elastic collision with a 7kg object travelling at 9 m/s in the opposite direction. What are the speeds of the objects after collision?
Describe the company's supply chain. Identify a process internal to the company that you wish to analyze.
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