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1. Long Beach Bank employs three loan officers, each working eight hours per day. Each officer processes an average of five loans per day. The bank's payroll cost for the officers is $820 per day and there is a daily overhead expense of $500. The bank has just purchased new computer software that should enable each bank officer to process eight loans per day, although the overhead expense will increase to $550. a) What is the multifactor productivity before and after implementation of the new software? b) What is the multifactor percentage change in productivity? 2. A list of activities and their immediate predecessors are given below: Construct an AON project network. 3. A project has a completion time of 24 weeks with a variance of 9 weeks. Assuming that the project completion time follows a normal distribution, compute the following: a) The probability that the project will be completed in less than 20 weeks. b) The probability that the project will be completed in more than 26 weeks. c) The probability that the project will be completed between 20 weeks and 26 weeks.
Hidden Markov Models: We discussed an example of determining the most probable state path with the Viterbi algorithm. We also discussed in the class how to calculate the margi
Explain a formal or informal mutual agreement. - The mutual agreement may be as given below: (a) Union security. (b) Bonus, wages and other benefits. (c) Terms and con
• Describe key elements required to provide proper healthcare from financial and operative perspectives, while maintaining focus on disbursements of healthcare services. • The p
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The last 4 weekly values of sales were 80,100,105 and 90 units. The last 4 forecast (for the same 4 weeks) were 60, 80, 95 and 75 units. Calculate the MAD, MSE and MAPE for these
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main principles of project management aiding the operations manager/manageress in introducing change to the process/system?
During the holidays, companies often provide gifts to customers. The more a client spends, the larger the gift, usually. To segment customers in this way, for what purpose is this
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