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A new rapid transit system has just started operating. In the first month of operation, it is found that 25 percent of the commuters are using the system, while 75 percent still travel by automobiles. The following transition matrix was determined from records of other rapid transit systems:
Of those currently using the new system, 80% will continue using the system
Of those currently using automobiles, 30% will change to the new system
What is the initial state matrix?
What percentage of the commuters will be using the new system after 1 month? After 2 months?
Find the percentage of commuter using each type of transportation after it has been in service for a long time?
Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..
Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..
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An analysis of the holding costs, including the appropriate annual holding cost rate.
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A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..
Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.
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Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.
Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.
Ccompare the effectiveness of different leadership styles in different organizations
Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.
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