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A waiting line meeting the M/M/1 assumptions has an arrival rate of 5 per hour and a service rate of 13 per hour.
What assumptions apply to M/N/1? What are its characteristics?
What is the probability that the waiting line is empty?
What is the average time a unit spends in the system?
What is the average time in minutes that a unit spends waiting?
Include a recommendation of a low-labor-cost country based on inputs, trade-offs, and going global advantages.
You are concerned about the cost of accepting this proposal, especially since it is not clear that LPL will realize any savings or additional revenue from the conversion.
Using the traditional method, which refers to maximizing the contribution margin per unit for each product, what is the optimal product mix and resulting profit
Schedules have intangible effects on customers, employees, and the perception of service quality. Discuss what some of these intangible effects might be and how managers should consider them when constructing schedules.
Share the deceptive tactic you investigated from the e-Activity. On a scale of 1 to 5 with 5 being highly deceptive, rate the tactic you found and state why you gave it that rating.
Distinguish between a minimization and maximization LP model. How do you know which of these to use for any given problem?
Identify a real-life example or application of either the binomial or Poisson distribution. Specify how the conditions for that distribution are met.
Identify two helpful techniques that were not presented in this chapter for each point mentioned above. Discuss whether the tools found can be a positive or negative to the planning. Be sure to explain and or defend your answer.
Using decision trees analysis and EMV, what should JDI do? Show the decision tree. Using decision trees analysis and EMV
analyze the relationship between analysis,planning,implementation, and control. provide an example of a product or service that flows through this relationship. Break down the product or service through each sector.
Some evidence suggests that there is a direct and positive relationship between a firm's size and its top-level managers' compensation. Explain what inducement you think that relationship provides to upper-level executives.
Has free agency helped or hurt professional sport? Why do you think this way? Explain in detail. Give examples
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