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In essence, the internet has created a level playing field for SMEs. Whereas before SMEs had a hard time internationalizing, now any mom-and-pop outfit can open an electronic storefront with a global reach. Do you agree? What downsides do small e-businesses face vis-à-vis large companies?
The Shoe Store manufactures athletic shoes. The company wants to establish a p-chart to monitor the production process using Z = 3.00. The company has taken a sample of 50 shoes every 4 hours for a work week of five days.
Estimating activity time is not an easy task, especially if assumptions must be made. State whether each item identified below can be accounted for in the construction of a PERT/CPM network: a. Consideration of weather conditions b. Consideration of ..
A coffee shop uses approximately 250 pounds of a particular type of coffee every week. The shop is open 52 weeks a year. The annual carrying charge for the coffee is 20%. If 1 pound of coffee costs the shop $12.00 and the cost associated with each or..
The market yield on similar bonds is 8.8 percent. How many bonds must The App Store sell to raise the money it needs? (Assume semiannual compounding.)
An auto-rental agency has two employees at its service counter. Customers arrive at an average rate of 18 per hour. The service times mean a service rate of 15 customers per hour. The coefficients of variation of the inter-arrival times and the servi..
Sequence the jobs by FCFS, SPT, SLACK, and DDATE. Calculate the mean flow time and mean tardiness of the six hobs under each sequencing rule. Which rule would you recommend?
Name and describe the types of costs marketers must consider when setting prices. Describe the types of cost-based pricing and the methods of implementing both. Provide examples and a breakeven analysis for a product you are familiar with. If possibl..
Although it has been more than 3 decades since the passage of the U.S. Airline Deregulation Act of 1978, the effects and wisdom of deregulation are still debated. Present one argument in favor or in opposition to airline deregulation.
You have been hired as the assistant director of a company’s Human Resource Department. The director calls you in and tells you that she is considering a suggestion to the Board of Directors that the company adopt a policy of refusing to give substan..
Discuss your personal feelings about price discounts and value. Do you prefer a retail store that has consistent, everyday low prices or would you prefer to shop at sales?
Ralph Murdock found himself in a small group of co-workers at Essin Ltd being asked about working conditions at the plant and ways the company was considering to improve work assignments and daily scheduling.
With the gasoline time series data from Table 15.1, show the exponential smoothing forecasts using a = 0.1. Are the results the same if you apply MAE as the measure of accuracy? What are the results if MAPE is used?
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