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Question - Determine the utilization and efficiency for each of the following situations.
a. A loan processing operation that processes an average of 7 loans per day. The operation has a design capacity of 10 loans per day and an effective capacity of 8 loans per day.
b. A furnace repair team that services an average of four furnaces a day if the design capacity is six furnaces a day and the effective capacity is five furnaces a day.
c. Would you say that systems that have higher efficiency ratios than other systems will always have higher utilization ratios than those other systems? Explain.
Tire pressure monitoring system warns the driver when the tire pressure of a vehicle is 28% below the target pressure. Suppose the target pressure
What is operations management? Why is it important? Is a good knowledge of operations management more important in service or manufacturing industries? Explain your answer
Inventories - and inventory management - should be a thing of the past. An efficient and effective organization should be able to employ lean and just-in-time concepts so that inventories are not necessary. Do you agree or disagree with this statemen..
Analyze how the repeal of the Affordable Care Act likely will alter Medicare and Medicaid, In other words, Compare and contrast Medicare and Medicaid under the ACA versus how you think they might look after repeal.
Why is selecting computer hardware and software for the organization an important business decision?
Having an agreement between partners is one way to reduce potential problems. The Articles of Partnership is a legal agreement between the parties. If you were to create one of these documents - what elements would it include and why?
Pan American Refineries, headquartered in Houston, must decide among three sites for the construction of a new oil processing center. Which site will be recommended based on total weighted scores
Explain the rationale for post-quantum cryptography and describe its relevance with different types of cryptographic algorithms.
Create a concept map illustrating the organization's innovative progression that led to its success.
Refer to the section on “The Virtual Office”. What do you think will be the long-term impact of the mobile office on job satisfaction and performance? If you were a manager, how would you maximize the benefits and minimize the drawbacks? If you worke..
A firm machinery manufacture requires 7,000 air filters per year as replacement parts on mechanical harvesters. The filters cost $3 each and are stored in rented facilities at a cost of $.35 per unit-year, with storage requirements based upon the max..
The culture-specific approach gives employees a genuine non-appreciation for the culture they are about to encounter. Angel investors help approximately 50,000 companies get off the ground each year.
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