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Coffee Palace Manager Joe Felan suspects that demand for mocha latte coffees depends on the price being charged. Based on historial observations Joe has gathered the following data which show the numbers of these coffees sold over six different price values: Price Number Sold $2.70 760 $3.50 510 $2.00 980 $4.20 250 $3.10 320 $4.05 480 Using these data how many mocha latte coffees would be forecast to be sold according to simple linear regression if the price per cup were $2.80?
The expected completion time of the project was found out to be 40 weeks. The variance of the critical path is 9. Illustrate what is the probability that the project will be finished in 40 weeks or less.
how many hours should each incinerator operate each day with the least cost to Marshall County? Write an LP for this problem
Assuming you got a job as a Forecasting Manager with a brand new firm that has no historical data. In a high level meeting it was decided that you will develop a Weekly Exponential Smoothing Forecasting model that would go back at least
Assume you want during put of the line to be 90% of the bottleneck rate. Find the WIP level required to achieve this under the assumptions.
A power plant in California uses coal at rate of 100,000 lbs per day. Illustrate what mode of transportation do you recommend for coal and for MRO materials.
This is a long-term, strategic decision; illustrate what factors might change in next 10 to 20 years. Elucidate how will this influence decision.
Determine the problem as stochastic dynamic programming problem. Specify phases, states, decisions and the optimal value function.
Should there be any legal or ethical limits to the uses to which technology is put, in constructing minutely detailed profiles of who we are, for marketing purposes?
Genichi Taguchi believes that through fiddling with production process, the item will fall within control chart limits and that's good enough to satisfy the QLF
David is the president of a manufacturing facility, a producer of Go kart tires. He makes 1,000 tires per day with the following resources. Labor: 400 hours per day @ $12.00 per hour
Discuss the techniques on how American Airlines uses in order to reduce costs and increase profits. The task for this activity goes beyond inventory management
Explain why would you decentralize HRM also have HRM managers reporting to line managers with organizational structure.
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