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Explain why might a manager be forced to use simulation instead of an analytical model in dealing with a problem of
(a) inventory ordering policy?
(b) ships docking in a port to unload?
(c) bank teller service windows?
(d) the U.S. economy?
Please briefly answer all 4 situations
What problems does overforecasting demand create within a supply chain? What problems does underforecasting demand create? What can a company do to resolve the problem of forecasting inaccuracy?
Payton Corporation had decided to respond to a government RFP for the R&D phase on a new project. How can the present situation be corrected? Is there any way this situation can be prevented from recurring
A check-processing center uses exponential smoothing to forecast the number of incoming checks each month. The number of checks received in June was 40 million, while the forecast was 42 million. A smoothing contant of .2 is used.
Illustrate what is the average VLC in a target market segment if the average purchase price is $75 per visit, the frequency of purchase is 6 times per yr.
What will be your financial break-even point. If you require investment capital, identify possible sources (friends, family, banks, USSBA, etc.).
What sources of financial data would a Health Information Management (HIM) director need in order to reduce payroll? What are the costs associated with the HIM department’s payroll? What type of budget would be used to plan this type of decrease?
Define: expectancy theory, contrast error, dysfunctional behavior, reinforcement theory.
One reason tribal governments show increasing interest in joining the NFIP is because:
And, if we recall from our readings this week, benchmarking can also be performed within an organization's departments, to see what different internal groups are doing. Which brings up a question, what might companies be looking to benchmark inter..
Write an analysis that is at least one page in length where you analyze your own listening effectiveness. Using the textbook to guide you, analyze your strengths and weaknesses in terms of the text's guidelines for effective informational listening a..
Discuss the problems posed by commercial piracy. Explain how an international strategy would take this into account and address it.
Discuss the differences between leadership and management, and how a leader's strength affects the business. Discuss resources to find qualified individuals to work for your firm and how operational management and human resources are interwoven.
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