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Consider mean arrival rate is 1 customer every 4 mins and mean service time is 5/2 mins. If waiting cost is $5 per unit per min and cost of serviceing one unit is $4. Find minimum cost service rate
Gantt Load Chart The Gantt charts were developed by Henry L. Gantt about a century ago. Their purpose is to provided an immediate comparison between schedule an reality ( i,
What are the strategy models?
a firm whether to make or buy a part required in its operation. cost and volume estimate are as follows annual fixed cost make $15000 buy none, variable cost make $60 buy $80, annu
Some organizational culture characteristics make project success more likely. These characteristics include all of the following EXCEPT: A. Support for cross-functional teams
Application of Transportation Models: 1. Transportation Management solution allow importers exporters and logistics providers to manage the spiralling costs associated wi
After working for 30 years, Ramjee Somjee Dutt opted for VRS and started a courier company and did very well in the first four years. He was now looking for expansion of his busine
Fast delivery - Customers Needs For a Product The time between a customer placing an order and receiving the product or service. The Royal Bank of Scotland's Direct Line insur
Sectors of the Economy - Manufacturing and Service Operations Any operations system, if examined in sufficient detail, will be found to be unique. However, there are distinct
A veterinarian is estimating the degree of association between the exposure/non-exposure of cats to a chemical pollutant and the incidence of a particular respiratory illness among
What is corporate governance? What role does corporate governance play in strategic planning? Why is it important? Explain your answer and provide an example.
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