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A bank has recently taken over the billing function of a company. An agreement stipulates that the bank should process 99.2% of the bills within 4 hours. A study of the current process indicates that the processing time averages 2.2 hours per bill with a standard deviation of 0.8 hours. A process improvement team has suggested a change. Experiments indicate that the change will lower the average processing time to 2 hours, but will raise the standard deviation to 1.2 hours.
a.) With the new system, what is the probability of processing the bills within 4 hours?
b.) With the current system, what is the probability of processing the bills within 4 hours?
c.) Should you change systems
a) Calculate the EOQ for the workbooks. b) What are the annual holding costs for the workbooks? c) What are the annual ordering costs?
Four-drive Theory states that people have a hierarchy of needs that they progress through as lower level needs are fulfilled.
You are trying to concentrate during an examination but you get distracted by the sound of another student tapping her pencil on her desk. Which of the following stages of the information processing model are you in?
What suggestions could you make that would help the cohesiveness in the decision-making process between middle management and top management? Explain your reasoning.
Mention the advantages and disadvantages of solving integer programming problems by a) rounding off, b) enumeration, and c) the branch and bound method.
create a competency of product development and therefore want to build a culture where grassroots employees feel encouraged and motivated to think of new product ideas.
Explain how much will this price the Co- op per yr. Under illustrate what conditions would you agree to the supplier's proposal.
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The total output from a production system in one day is 900 units and the total labor necessary to produce the 900 units is 900 hours. Using the appropriate productivity measure, what is the resulting productivity ratio? (1.000 1.428 0.700 0.411 N..
Write the Optimal Solution and the Optimal Solutions should include the optimal values for the non-zero variables as well as the objective function.
Suppose your order up to level is 220. You are about to place an order and note that your inventory level is 100 and you have 85 desks on order. How many desks will you order?
The restaurant would serve dinner Tuesday through Saturday. Brian has noticed a restaurant for lease. The restaurant has seven tables, each of which can seat four.
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