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Write a report along the following guidelines. Please make sure your policy suggestions are based on simulations with at least 1000 iterations for each case. You are required to use @Risk.
1. Provide a description of your spreadsheet model. Explain how each problem input was computed and modelled using the appropriate distribution. Also provide a description of how you compute the various characteristics of the system (total demand, the number of cars sold, the number of unsatisfied customers, etc).
2. If you are restricted to importing the same number of cars every month, what would be your optimal strategy? Describe the profit and other relevant characteristics of this policy.
3. If you are allowed to import a different number of cars every month, what would be your optimal ordering policy? Describe the profit and other relevant characteristics of this policy. Compare this policy to that in (2).
4. Assume you decided to take orders 6 months ahead and that the number in the first row of the above table were the actual demands. What would be your optimal ordering policy? Would your mean profit increase?
Which of the following is a characteristic of organizational change? Unlike traditional organization designs, built-to-change organization designs _____.
A survey to determine brand preference involving two brands X and Y uses 5 samples of 51 persons each. If a majority of the samples ( 3 or more) chooses one brand, that brand is determined the winner. Can we determine which of the two brands X or Y i..
Determine what you feel will be the three most significant external factors that will impact training in the next five years. Explain why you feel these will be the most significant. Use references to justify your choices.
Research the topics on the web of this key terms. Electronic Communications Privacy Act, Distributive Justice, Landrum- Griffin Act
Determine the lower control limits and the overall means for the upper X charts and R-charts
Justify the need for Wal-Mart to continue to expand overseas and assess these benefits.
As a manager, write a memo to your employees about the following situation: Your company has decided to pilot a flextime program. There are two options available. The first option is to work five days a week, but on an earlier or later schedule than ..
You read a lot about why Risk Management programs are critical to the safety and security of any health care organization.
Fran, Joe, and Mike formed a general partnership to operate a flower shop called Fresher Flowers. One of Fran’s jobs is to make deliveries using the partnership truck. In one such delivery, Fran negligently ran a stop sign, striking a car driven by P..
Using Trend analysis what would you do to predict the next year’s employee demand?
Parke-Bernet Galleries, acting as agent for an undisclosed principal, sold a painting to Weisz.
What is good document design for resumes and memos?
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