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At the bank teller's window, arrivals and service times are randomly distributed (Poisson and exponential distributions, respectively). There is only one teller at the window. If the arrival rate is 10 customers per hour, and the service rate is 15 customers per hour, what is the average waiting time for a customer in the system, including waiting in line and being served? Give the result in minutes. (It is a single channel, single server, single phase, unlimited waiting space model).
Read the article The-Fastest-Growing-Cause-for-Shareholders-is-Sustainability. In your opinion, does it pay to be socially responsible? What are some of the advantages and disadvantages for a company that pursues a sustainability strategy? How could ..
What are the differences in the ways project managers, accountants, and financial comptrollers perceive the expenses of a project
Evaluate the costs and benefits associated with achieving ISO 9000/9001 certification status for a specific product- or service-based company.
What do you mean by rational and nonrational decision-making? Discuss the steps in the rational and nonrational decision-making.
Tots Toys makes a plastic tricycle that is composed of three major components: a handlebar-front wheel-pedal assembly, a seat and frame unit, and rear wheels. The company has orders for 12,000 of these tricycles. Current schedules yield the following..
Discuss how synergy improves decision making. If this synergy would lead your team in an unethical direction, what would you do as a supervisor?
Imagine you are considering opening a business. Share the type of business you would open. Then, create a list of the five (5) most significant risks that you must address prior to making your decision regarding the viability of your venture. Justify..
Discuss the complexity of problem definition and the importance of accurate data to successfully apply quantitative analysis in management.
Is it a good idea for a small company to adopt a differentiated segmentation strategy? Explain. Point out the benefits as well as the dangers of this approach. Does it fit every industry, or would it be better in certain domains and less effective..
Assume that Product Z is made of two units of A and four units of B. A is made of three units of C and four of D. D is made of two units of E. Show the bill-of-materials (product structure tree). Develop an MRP planning schedule showing gross and ne..
Mergers may involve both marketing and customer relations issues. What types of marketing issues might exist following a merger? What about customer relations issues, i.e, how might customers of each of the previously merged companies react once the ..
What do you think about Walt Disney's decision not to purchase merchandise from Bangladesh? Is this and appropriate way of dealing with the problem?
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