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A crew of mechanics at the Highway Department garage repair vehicles that break down at an average of 3 vehicles every 12 minutes (approximately Poisson in nature). The mechanic crew can service an average of 3 vehicles every 10 minutes with a repair time distribution that approximates an exponential distribution. The crew cost is approximately $150 per hour. The cost associated with lost productivity from the breakdown is estimated at $50 per hour. Which is cheaper, the existing system with one service crew or a revised system with two service crews? Note that the average waiting time for adding the second crew is 0.01.
You and your fellow operations department teammates have been debating which companies are the best examples of applying supply chain management.
Political risk affects different countries and companies in different ways. Imagine that your firm's CEO says to you,
Identify what unique challenges one could have in terms of cultural differences when providing care to patient of analyzed culture.
Discuss Dr. Wilson's "prescription" for the private sector, business, and government. Do you concur with this prescription? Why, or why not?
A. Explain how you could use a forward contract to hedge the exchange rate risk associated with your position in British stocks. B. If interest rate parity holds, does this limit the effectiveness of a forward contract as a hedge?
Which of the following is correct concerning the management of close corporations? Toxins Inc. is a very successful chemical company. However, to reduce costs and further increase profits, the CEO of Toxins orders Toxins' employees to violate federal..
Why is succession planning important? How do large businesses do it and how to small business handle it?
Explain why there are different standards of review of arbitration awards depending on whether the arbitration is voluntary or statutorily mandated.
From a legal perspective which of the following is true regarding a basic tenet underlying restrictions on employee separation?
How are channel strategies evaluated? Why would channel strategies need adjustment?
Discuss how adultery and domestic violence are contrary to the will of God. When is it permissible to divorce and remarry?
Hard Wood Coals Jim Jam had been a career policeman for the past 25 years having joined the Police Force immediately upon leaving High School. Last March decided that it was time for him to retire and put in his claim for his pension and gratuity. Wh..
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