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What is easier to forecast?
•Gold medals in the Olympic won by the US ? is it reasonable and easy to forecast?
•Number of red Porsches sold in US vs total Porsches in the world? which one is easier and why
•Population of Utah vs. the population of the US? which one is easier and why ?
•Number of chocolate chip cookies sold by Mrs. Fields vs. total cookies? which one is easier and why?
Discuss variation by defining “special” and “common” causes of process variation. Provide an example of each. Discuss what your response of correction would be for each example.
Two IT acquisition planning teams worked together to study the same problem and develop alternative solutions for solving it. The teams then separated and each developed a work breakdown structure for the same alternative solution. The teams then com..
A financial services company processes applications for home mortgages and commercial loans for its clients. Both types of applications are first reviewed by the screening department. It takes this department 30 minutes to review each home mortgage a..
Development Cost $ 810,000 Estimated Development Time 9 months Pilot Testing $ 230,000 Ramp-up Cost $ 310,000 Marketing and Support Cost $ 156,000 per year Sales and Production Volume 44,000 per year Unit Production Cost $ 85 Unit Price $ 172 Interes..
A Registered Nurse has a full time job at Hospital A, where she works 40 hours per week on five 8-hour shifts. But she has fallen behind on her credit card payments and needs to earn more money. She applies to Nurse Locators, a temporary placement or..
The growth in the use of 3PLs has been steadily increasing over the past decade. As stated in the text, there are often good reasons to outsource all or part of the transportation function, but there are also downside risks. As the VP for Logistics i..
Assume, John Hankins, who owns Hankins Construction Co. and runs it as a proprietorship, had gross profit last year of $ 100,000. His personal and family expenses are $50,000 and he has $10,000 in exemption and deductions. As a proprietor, he paid $2..
The Boulder County Highway Safety Department monitors speeding tickets issued on the Diagonal Highway between Boulder and Longmont. Speeding tickets issued on the Diagonal have averaged 12 per month. Which type of control chart should be used to moni..
Consumers cannot hold, touch, or see an LA Galaxy soccer game before the purchase decision (the decision to purchase a ticket). The fact that the consumers cannot hold, touch or see what they are purchasing before they commit to the purchase exemplif..
What is business process management (BPM)? Why do processes need management? What are BPM activities?
The corner convenience store (CCS) gets its cool drinks delivered by a wholesaler at CCS, light cola sells at a rate of 40 six-packs per day. the shop is open 250 days per year. determine the Economic order quantity (EOQ). determine the average stock..
You own a hair salon. The next Ted Gibson is your friend, and wants to work at your salon. However, Jake, your friend, is only 14 years old. He looks like he is 27 though. You decide to hire him anyhow, and offer him $500 for each client that he work..
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