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Felicien grows mirlitons (that's Cajun for Chayote squash) in his 100 by 100 foot garden. He then sells the crop at the local farmers' market. Two summers ago, he was able to produce and sell 1200 pounds of mirlitons. Last summer, he tried a new fertilizer that promised a 50% increase in yield. He harvested 1900 pounds. Did the fertilizer live up to its promise?
Customers arrive at Paul Harrold's Styling Shop at a rate of 3 per hour, distributed in a Poisson fashion. Paul can perform haircuts at a rate of 5 per hour, distributed exp1ntially. Find out average number of customers waiting for haircuts.
What types of retailers will your company use for distributing your product? Discuss the advantages and disadvantages of using this type of retailer.
Evaluate your priority sequences in a) on average flow time from now, average lateness (with no credit for being early) and average days early (with zero days early for a job that is late).
When is the implementation of a personal Balanced Scorecard completed?
To ensure the proficient implementation of strategy in an organization, top-level executives can best achieve this by delegating authority to middle and lower-level managers and by creating a sense of empowerment among employees.
Discuss the market system and the need for ethics in business and distinguish it from the law and concepts of virtue and morality.
The annual demand for a product is 14,200 units. The weekly demand is 273 units with a standard deviation of 95 units. The cost to place an order is $32.00, and the time from ordering to receipt is four weeks.
1 to 699 lockets, $.90 each; 700 to 1,399 lockets, $.80 each; and 1,400 or more, $.75 each. Carrying cost is $0.18 per locket on an annual basis. What order quantity will minimize total cost?
explain the difference between profit and contribution in an objective function. Why is it important for the decision maker to know which of these the objective function coefficient represent?
Illustrate what is the break-even volume with a single-shift operation. Illustrate what is the maximum revenue with a single shift.
Draw a decision tree showing the decisions, chance events, and their probabilities, as well as the profitability of outcomes, and solve the decision tree
You will require including information such as cost, compatibility with current systems also work flow processes, functionality, ease of use also end user support.
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