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For a system characterized by M/M/3/FCFS/20/20, both the service time and interarrival time follow exponential distributions. The mean service time is 5 minutes while the arrival rate from each source is 1 unit per hour. (Please note the population is finite). a. Calculate mean number of waiting units. b. Calculate mean waiting time for one unit. c. Calculate mean number of units in the system.
Do you think that being recognized and winning environment awards will help BofA become more profitable?
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Locate a source of data for the hourly wages that will need to be paid to those who will pour and finish the concrete foundation (the Bureau of Labor Statistics of the United States government is a good source for such information). Be sure to do..
Inventory-carrying cost is $50 per unit per year. Changes in production level cost $100 per unit due to hiring, line changeover costs, and so forth. Assume 200 units of initial inventory. Extra capacity may be obtained by subcontracting at an addi..
A description of a business situation that presents a legal and ethical issue. A description of at least two ethical theories under which the situation will be analyzed. An explanation of the specific areas of law under which the situation will be an..
Explain with a personal situation on why you think/do not think that it is appropriate for a leader to spend time developing Emotional Intelligence (EI)? What are the benefits and drawbacks of spending time developing emotional intelligence as a lead..
Evaluate the current staffing plan. What does it cost? Are 26 officers sufficient to handle the normal workload? Determine the cost of the Chiefs plan. Do you need to implement the Chief's plan or can the current staff handle the load? Explain your ..
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