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Suppose that at any period of time a photo-copier machine can either be working properly, in need of maintenance, in need of minor repair, or in need of major repair. If the photocopier is working, the chances that it will require maintenance, minor repair, or major repair in the next time period are respectively 0:15, 0:05, 0:03. Assume that the probability that the maintenance is successfully done in the next period is 1, the probability that the minor repair is successfully done in the next period is 0:8, and the probability that the major repair is successfully done in the next period is 0:5. Construct a Markov Chain and its steady-state probabilities that would allow you to answer the following question: If the owner of the photocopier has to pay $10 for every period that it is not working properly, what is the expected cost per period of the photocopy
value driven approach to production managemeent
i need calculated examples using the methods of plant location evaluation.how are they calculated?
Debt: Jones Industries borrows $600,000 for 10 years with an annual payment of $100,000. What is the expected interest rate (cost of debt)? Internal common stock:
Explain why it is important to carry out a rough-cut capacity planning check on critical resources before proceeding with the development of the final master production schedule
We need to consider some accounting ideas in order to cover this weeks Objective # 3. So in that regard, for your own business, which method of accounting would you use, the "accru
You have saved $5000 for a down payment on a new car. The largest monthly payment you can afford is $350. The loan would have a 10% APR based on the end of month payments. What is
Did Jeanne do a good job of communicating with her manager?
This week you learned about a number of different leadership theories. Choose two of today's leaders listed below and research on their leadership styles: • Richard Branson •
The resource-based model identifies four criteria that firms can use to evaluate whether particular resources and capabilities are core competencies and can, therefore, provide a b
An assembly line normally operates two shifts a day, five days per week. The planned capacity of the assembly line is 380 units/shift. Determine the average safety capacity if 700
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