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An industrial machine tools manufacturer supplies replacement parts from its inventory. For a particular part, the annual demand is expected to be 750 units. Machine setup costs ar
1. How does the Fair Debt Collection Practices Act benefit consumers? 2. Why was the Federal Food, Drug, and Cosmetic Act passed? Please use at least one research site to sup
Summarize the problems of the CEUPU process.
1) Which purposes of performance management did the appraisals described in this case fulfil? Which purposes did they not fulfil? 2) How can managers and HR departments minimize th
The Northern Emergency Computer Support has a call center with 10 customer service representatives. Historical statistics show that the durations of customer calls are exponentiall
Which of the following is not a characteristic that distinguishes services from goods? Service jobs are unskilled A service is intangible Services are perishable Services are heter
Economics issues and operation research solutions
Heterogeneity and Intangibility of Service Products Heterogeneity Service may be variable, difficult to standardise. Intangibility of service products Not ea
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
Explain about the level capacity strategy. Level capacity strategy: The organisation produces or manufactures at a constant rate of output avoiding any changes or fluctua
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