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Using the Arena Simulation from the class lecture, identify the best combination of system improvements as measured by the increase in average monthly profit per dollar invested. You may not spend more than $4000 on changes. (Learning Outcome #2)
a) List the improvement options you tested and the increase in profit per dollar invested for each option tested.
b) Write a brief explanation of how you determined which improvement option to recommend.
c) Include a printed copy of the output sheet from Arena that shows the average number of good units produced in a month for the baseline (starting system) and for your final system with your recommended set of improvements.
what are some business uses of a linear programming model? Provide an example.
you go to the library to study for the om exam. you will do as many problems as you can in 3 hours of studying taking
Risk is often described as the event that "might" happen during the course of a project. Explain how risk has impacted a project that you have been associated with as a team member or project leader.
Calculate the case mix index for the hospitals, which use the same patient classification system and create a benchmark for future years and to be able to compare performance to similar peer practices
Bonnie purchased a new business asset (five-year property) on March 10, 2013, at a cost of $30,000. She also purchased a new business asset (seven-year property) on November 20, 2013, at a cost of $13,000. Bonnie did not elect to expense either of th..
Bob has always performed well and has an excellent track record with the company. He and Arnold do not have any type of employment contract - they've just worked together for the last 30 years.
Compare and contrast a firm fixed-price contract with a cost-plus contract. When would each be appropriate for a given project?
Explain the difference between an emergency and a disaster.
Linear Programming Applied. Make up and describe a business situation that could be solved using linear programming. Identify and describe the two variables you are solving for.
Cases not sold during the day are sold to a food processing plant for $1 each, but cases can only be produced in the morning before the store opens. If you wish to maximize expected profit, how many cases should be produced each day?
From newspapers, magazines, flyers, or similar print material, select two advertisements that represent marketing appeals to different needs. (Scan or digitally photograph your ads and insert them into your posting.) Explain what need or needs each a..
analyze and compare the costs of the two projects in terms of performance efficiency budget and schedule. make sure to
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