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Customers arrive at the rate of 67 per hour, (with Exponential interarrival times).
You can service 81 customers per hour (also with memoryless processing time).
What is the average number of customers in the queue?
Write your answer with one decimal place.
Remember that a project is a temporary endeavor, it has a beginning and an end date. A project also has constraints, i.e a certain time line, cost or budget, and scope of work. The proposal for the proposed project (the dinner party) should have thes..
It has been argued that TQM, Lean Management, Six Sigma, and other “improvement” initiatives have not achieved the targeted success rates in productivity improvement envisioned by the companies that deployed them. What alternate explanation can you o..
Describe how "Risk of Entry", "Bargaining Power of Buyers", "Bargaining power of suppliers", and Industry Competition (Threat of substitutes”) affect the external threats a company faces. Provide example of each.
An activity has three estimates: Optimistic = 10 weeks, Pessimistic = 25 weeks, Most-Likely = 15 weeks. What is the estimate according to the three-point estimation method for this activity? What is the standard deviation for this activity?
The Savvy Entrepreneurial Firm feature in Chapter 3 focuses on Bill Gross, and how a company he was leading, Knowledge Adventure, made a 180-degree turn on the positioning of a product. According to the feature, Gross and his team made the change as ..
Why have ethics and social responsibility become so important in recent years? Why it important is that marketing ethics be incorporated into the firm’s strategic plan? Give an example of a firm that does a high quality job of being socially and ethi..
This activity requires you to write down a Research Paper on the subject of your choice in Technology and Innovation Management.
Provide a summary of a recent article related to the Affordability Care Act of 2010. What are your thoughts on this fairly new piece of legislation based on your research? What are some of the ramifications of this Act including things like the cost ..
Select two (2) decision-making methods that you would utilize when hiring a regular employee. Specify the main reason why the selected methods would apply to managers and regular employees respectively.
What does the term "social capital" mean? What are the influences of social connections and technology and civic engagement in academic and professional pursuits? What is the significance of social capital in the context of global citizenship and mul..
Identify each stage of the decision-making process. Describe an example of a strategy used by an organization to influence a purchase decision at each stage. Use examples from one or more products or services to support your answers.
Which one of the following is not a step in using critical path method?
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