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Describe Stanley Milgrams famous experiment. what are its most significant implications?
The number of no-shows is an approximated normal distribution with a mean of 1 and a standard deviation of 1. How many rooms the inn should overbook per night?
A manager is quite concerned about the recent deterioration of a section of the roof on a building that houses her firm's computer operations.
Christian runs a small chocolate shop. He manages his chocolate raw material using a periodic review system. Daily demand has a mean of 100 pounds and standard deviation of 10 pounds.
What is risk? How does risk differ from uncertainty? How does it impact a business?
Illustrate what cooperative strategies constitute and in illustrate what circumstances you would use which strategy. In case study, illustrate what cooperative strategies are being used by business.
Determine the mean arrival rate and the mean service rate. Determine the probability that a customer will have an empty queue. Determine the probability that 2 customers are in the queuing system. Determine the average number of customers in the queu..
The companmy is considering a capital expenditure of $480,000. It has an estimated life of 4 years and no salvage value. The estimated net income and new cash flow from the project are as follows:
RVW (Restored Volkswagens) buys 15 used VW's at each of two car auctions each week held at different locations. Formulate this problem as a transshipment linear programming model. Solve the problem using the computer. Provide a Excel file.
Connie was employed by the Beaufort Distributing Company. She worked at an off site location keeping track of the inventory in that facility.
An industrial plant needs to make 150,000 parts per month to meet demand. Each mont contains 20 working days, each of which allows for 3 seperate 8 hour shifts.
Illustrate what are some organizations which have planned to get smaller rather than larger in order to be successful.
The cost to place also process an order from the supplier is $75. The Corporation operates 300 days per year also the lead time to receive an order from the supplier is 2 working days. Find out the economic order quantity.
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