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The SuperFlyer Corporation is developing a revolutionary flying disc. The new toy can fly straight over a great distance, which is exciting by itself. However, this disc will also return to the owner in response to his or her voice! Because this is an advance over anything that this company has done before, estimating the amount and cost of the hi-tech materials is difficult. The project manager recommends using a range estimating process to develop an estimate. The values below are submitted by the project team. Current estimates for cost of material are as follows. Optimistic cost of smart resin: $8.00 per lb Most likely cost of smart resin: $9.25 per lb Pessimistic cost of smart resin: $12.50 per lb Current estimates for total material requirements are as follows. Optimistic quantity: 15 lb / 100 units Most likely quantity: 19 lb / 100 units Pessimistic quantity: 22 lb / 100 units (a) What is the expected price of the material per pound? (b) What is the expected amount of material needed for 100 units? (c) What is the expected cost for 100 units?
Explain three data gathering methods. (forecasting) What is the advantage and drawback of qualitative forecasting? What are the different decisions we make in supply chains? What are the functions of inventory?
Based on this unit's readings and the online presentations, analyze the “Case of the Belated Lab Test”
What is meant by a pro forma financial statement? How are pro forma financial statements utilized in determining whether a major proposed project for the healthcare organization should be approved or not? Provide at least two examples of healthcare p..
Determine the average time callers wait to have their calls answered for each period and the probability that a caller will have to wait for each period. Determine the maximum line length for a probability of 92 percent.
Do you think that Tata Motors will be able to maintain a competitive edge based on price?
A work breakdown structure (WBS) provides the backbone of the project, giving it a consistent and visible framework. The WBS offers uniformity in definition and consistency of approach. Some might consider that uniformity a benefit; others might see ..
The stated values of IBM are. A leader should use three questions to test his or her vision.
What is the difference between Emergency Management and the possible future of Risk Management?
Define healthcare finance and provide three examples of how it affects managers at all levels within the organization.
Break down the sorts of individuals that work at Google, as for the business society of the association. Demonstrate five qualities that characterize a pioneer at Google, and decide the run of the mill foundation of a Google representative.
Organizational restructuring is common as organizations attempt to achieve higher levels of performance. Provide research via the Internet (from a credible source) and share an example of a restructuring that has taken place within an organization..
Assume that the following network (not drawn to scale) with distances given in miles represents the highway network for this problem. Find the shortest-route distance from Chicago to node 6.
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