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Answer the following questions in approx 150 words. What are the characteristics of a lean supply chain? Choose one of the major supply chain functions (production, warehousing, logistics, customers) and describe how a lean version of that function differs from a traditional model.
Discuss the Fixed Order Quantity and Fixed Time Period inventory models. Which of these have you seen in operations? Which one is preferable? Why?
Define The Scheduling Process , and discuss an circumstance where you have observed the principle in action
What is the general principle of Goldratt's Theory of Constraints. Discuss a way that you have seen the principle in action or an application where the principle would be useful.
Create an argument against using a simulation. You can create a general argument or describe a real or fictional example that would not work well with a simulation. With either approach, be specific in your reasons why a simulation is not the best ap..
Metropolitan University conducts course assessment each year to monitor the proportion of students who do not meet the minimum passing score on a comprehensive exam given at the end of the students’ academic program. The results are used as an improv..
NASA has a record of both successful projects and failed projects. Discuss when a project is, at any organization, considered successful and when is it considered a failure? What are the potential causes of a project's failure? Give real-world bus..
A Fabrication Co. wants to increase capacity by adding a new machine. The fixed costs for machine A are $90,000, and its variable cost is $15 per unit. The revenue is $21 per unit. What is the break-even point for machine A?
Slighty Used Goods has Cash of $2,150 inventory of $28,470, fixed assets of $9,860, accounts payable of $11,900, and account receivable of $4,660. What is the cash ratio?
As a way to survive today’s rapidly changing completive global economy, organizations are networking outside their own organizations. What are the most significant emerging forms of organizing? What are the primary opportunities and challenges associ..
What Jennifer just described demonstrates one of the characteristics associated with successful entrepreneurship—the ability to adapt and __________.
Christina conducts a study on the effects of a reading comprehension course to help first- graders who aren't reading at their grade level. She obtains a sample of 30 children from an inner city elementary school, and 30 children from a school in the..
The news is full of stories about con artists who have bilked thousands of dollars from unsuspecting people. Many of these stories report how a con artist convinced their victim to go into his or her bank and withdraw an unusually large amount of cas..
jack williams operates a small mechanics shop in his hometown lima ohio. he works six days a week monday thru friday
A production cell uses 240 pounds of plastic resin each eight-hour day. Resin is transported in drums that hold 100 pounds each. The material is obtained from a nearby supplier, and has a 12-hour cycle time. An efficiency factor of .15 has been assig..
Emergency management is defined as the discipline dealing with risk and risk avoidance and involves a diverse set of players. Who are the primary stakeholders in emergency management? Who would you list as the secondary stakeholders? Why? What has be..
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