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During registration at Tech every quarter, students in the Department of Management must have their courses approved by the departmental advisor. It takes the advisor an average of five minutes (exponentially distributed) to approve each schedule, and students arrive at the advisor's office at the rate of 10 per hour (Poisson distributed).
Compute L, Lq, W, Wq, and p. What do you think about this system? How would you change it?
Suppose that management of Mytrle Air express believes that the probability of weak demand is 0.70. and the probability of weak demand is 0.3. Use the expected value approach to determine an optimal decision.
If, at most, 10 consultants are to be assigned to a home office, where should the offices be setup. Explain how many consultants should be assigned to each office. Illustrate what are the annual prices of this network.
What factors should Adel consider in deciding whether to use a team for the negotiation? How should Adel decide whom to take to the negotiation? Provide reasons.
Gives an example of a decision you or your organization has made recently. Express steps taken in making decision and analyze process to determine illustrate what decision-making model was used. Explain your rationale.
what can you say about the profitability of the first and second contracts, and hence the bidding process in general?
Which of subsequent strategies would be most likely course to help to reduce TCO of merged firms' technology investments.
A consultant has estimated the net present value of Theme Park's 2 alternatives under each state of nature of the planning board's decision as shown below.
A company that sells an online course aimed at helping high-school students improve their SAT scores has claimed that SAT scores will improve by more than 90 points on average if students successfully complete the course.
Describe how would waiting time change if the Corporation decides to limit all rentals to exactly 72 hours. Suppose which if such a restriction is imposed, the number of customers requesting a phone would be reduced to 20 customers per day
Red Carpet Baby!, a children's accessory and toy store, uses U.S. Census information to determine number of families with children under age 5 in its market area.
Revise the diagram to capture this functionality. Also, express some common behavior among two use cases in the revised diagram by using "include" relationships.
Recently your company has indicated that they wish to promote you to District Manager, explain however, they want you to find your replacement as Store Manager.
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