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Chicago's Hard Rock Hotel distributes a mean of 1000 bath towels per day to guests at the pool and in their rooms. This demand is normally distributed with a standard deviation of 100 towels per day, based on occupancy. The laundry firm that has the linen contract requires a 2-day lead time. The hotel expects a 98% service level to satisfy high guest expectations.
A) What is the ROP?
B) What is the safety stock?
After an all-night study session the day before their last final exam, four first-year MBA students decide to stop for some much-needed coffee at the campus Starbucks.
Assuming you got a job as a Forecasting Manager with a brand new firm that has no historical data. In a high level meeting it was decided that you will develop a Weekly Exponential Smoothing Forecasting model that would go back at least
Compute the multifactor productivity before and after purchasing the new equipment. Use labour cost and overhead cost to derive multifactor productivity.
Create a procedure in VBA to do the following actions: Create a linear series of numbers starting at 1 (e.g. 1, 2, 3, ...) -Display a Message Box asking if you'd like to calculate another number.
Based on the above, which of the four basic strategies in international business do you think your company should pursue? Why would you make this choice to organize and align your company to this particular strategy?
Assume you are about to meet and negotiate with an individual from a low-context culture
What type of management style does CEO Larry Page use? Is this any different than the styles of the founders? Briefly describe the organization.
Describe the similarities and differences between TQM and Six Sigma quality-management techniques.
What are the differences between the FMCS and the AAA in their methods of selection of arbitrators? What are the advantages of why some employers and unions contract the use of a permanent arbitrator?
What are the key planning factors for competitive success? Provide an example of an organization that has achieved competitive success through planning.
A manufacturing company has two plants (plant A and plant B) and three stores (Store 1, Store 2, and Store 3). Plant A capacity is 80 units and Plant B capacity is 100 units.
A CPA firm has been using subsequent equation to predict annual demand for tax audits. Demand for past few years is shown below. Is forecast performing as well as it may, Explain.
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