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A manufacturer has been receiving excessive numbers of defective standard machine parts from a vendor on a regular basis. What is the most effective way to design a formal inspection system for incoming parts?
a. Queuing analysis
b. Time series analysis
c. Statistical quality control
d. Regression analysis
She would like to setup a system in which all A items are counted monthly (every 20 days), all B items are counted quarterly (every 60 working days), and all C items are counted semiannually (every 120 working days).
A software programmer at a large financial institution realized that she had accidentally overdrawn her checking account. She was able to make a small adjustment in the bank's accounting system, allowing her to not be charged the overdraft fee. Afte..
how business and environment is related; how businesses affects the environment; the responsibility of business and business leaders to the preservation of the environment; how should the environment be protected by the businesses and business leade..
What is the importance of cross functional decision-making in the area of Operations Management and in the success of the firm.
What is the goal of an organizational ethics program? What are the essential elements of an organizational ethics program? Be specific! How would you implement these in your current or future organization?
Are the projects within your organization being managed from a strategic perspective. Why or why not. What quantitative and qualitative methods does your organization use for project selection
Sid Das Brick Distributors currently employs 1 worker whose job is to load bricks on outgoing company trucks. An average of 24 trucks per day, or 3 per hour, arrive at the loading platform, according to a Poisson distribution.
Discuss whether Elite should grab the new ADC and run for the pot of gold or play it safe and wait for more proven technology and competitive sources. Consider the advantages of being first to market compared with waiting for someone else to sustain ..
A firm had a total COGS of $1265 M (Data per quarter: 280, 295, 340, & 350, respectively). The raw material inventory at the end of each quarter was 50,40,55, &60, respectively. The company reported that it used $500 M worth of raw material during th..
Assume a new product has a fixed cost of $900, a variable cost of $4.50 each, and a selling price of $5.50 each. What number of units must be produced to break even?
Develop a linear programming model that will enable HTS to allocate technician time between regular customers and new customers. Find the optimal solution.
This case discusses McDonald's Corporation and the situation it faced in 2001. After many years of double?digit growth in sales and net revenue, the company's sales grew only 1.12 percent and net revenue dropped 17.2 percent from 2000 to 2001.
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