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what is the standard deviation, mean, and variance of a Poisson distribution with an arrival rate of 21 customers per hour? This is a M/M/1 or M/G/1 service model, and CVa=1(coefficient of variation of arrival).
Define each of these terms and briefly discussion how you would apply the terms to strategic planning
The company makes a net income of $1.00 for each regular pizza and $1.50 for each deluxe pizza produced. The firm currently has 150 pounds of dough mix and 800 pounds of topping mix.
Describe at least two actions a manager can take to protect her- or himself and the organization she or he represents from a tort lawsuit.
Describe some of the cues that might cause a company to suspect there is unmet demand for its products or services
The annual percentage rate (APR) is 9% compounded monthly, and the loan is to be repaid in equal monthly installments over the next four years.
From the samples you determine the fraction defective is 0.05 and the standard deviation is 0.01. If the desired confidence level is 99.7 percent, what is the resulting UCL value for the line?
many businesses operate and compete in a global environment. Describe the additional factors that affect/impact global supply chains.
The production process is most efficient when 12 units per day are produced at a cost of $119 per unit. Setup cost is $39. Inventory carrying cost at Johnson is determined to be 8 percent annually.
A manufacturing process has a fixed cost of $150,000 per month. Each unit of product being produced contains $25 worth of material and takes $45 of labor.
You are traveling abroad and have only American dollars with you. You are currently in the capital but you will soon be heading out to a small town for an extended stay.
The annual demand for a product has been projected at 2,000 units. This demand is assumed to be constant throughout the year. The ordering cost is $20 per order, and the holding cost is 20 percent of the purchase cost.
Rochester Manufacturing Corporation (RMC) is considering moving some of its production from tranditional numerically controlled machines to a flexible manufacturing system (FMS).
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