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Using equation (2) prepare the cumulative exponential distribution for the patient interarrival times shown in figure 12.3 with a mean of 0.4167 arrivals per minute. Plot your distribution over a range of zero to ten minutes in increments of one minute. What is the upper limit of your distribution?
The material is obtained from a nearby supplier also has a 12-hour cycle time. An efficiency factor of 0.15 has been assigned to this cell. Illustrate what is the optimum number of containers to support this operation.
Alpha Products, Inc. is having a problem trying to control inventory. There is insufficient time to devote all its items equally. Here is a sample of some items stocked, along with the annual usage of each item expressed in dollar volume.
Elucidate what is the average cost per unit if the work force is maintained at a level so which overtime can be used to the maximum of 25% of regular hours during the peak period in period 5.
Also there are 30 units of B and 20 units of D now on hand. lead times for all items are a function of quality
What steps in research process do you find most valuable? What are the benefits of the conducting research and analyzing sources?
The U.S. Bureau of Labor Statistics released its Consumer Expenditures report in October 2008. Among its findings is that average annual household spending on food at home was $3,624.
Joan is an accountant who opposes the introduction of a new financial control system, How would you attempt to change Joan's attitude about the new system?
The head of operations for a movie studio wants to determine which of two new scripts they should select for their next major production.
Expanding stadium in this scenario has a payoff of $10 million, whereas maintaining same number of seats has a payoff of only $3 million. Draw a decision tree for this problem. Illustrate what should management do to achieve highest expected payoff..
Each year firm, on a random basis, uses about 2,000 of item X, which costs $25 each. Storage costs, which include insurance also cost of capital, amount to $5 per unit of average inventory. Every time an order is placed for more items X, it costs ..
Do you think you can stay competitive in business, get acceptable bottom-line results, and still operate in an honest and ethical manner? Why, or why not?
sales estimates are $120,000, $140,000, $160,000 also $180,000 for respective quarters. Seasonal indices for 4 quarters have been found to be 1.25, .90, .75 also 1.10, respectively. Compute a seasonal zed or adjusted sales forecast.
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