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Assuming that you do not possess all of the skills to carry out every business function, which management skill would you acquire first, and why? What are the advantages and disadvantages of outsourcing key management functions, such as marketing and finance?
Illustrate what is probability that demand will be greater than or equal to a given inventory level (P) such that (or where) expected marginal profit will equal expected marginal loss.
Peter Billington Stereo, Inc.supplies car radios to auto manufacturers and is going to open a new plant. The company is undecided between Detroit and Dallas as the site.
Describe how media formats, features, and trends differ around the world (in your own words)
What is Office Supreme's optimal ordering quantity and optimal associated cost? What is the optimal interval (in working days) between orders?
Katie Posh runs an upscale nail salon. The service process includes five activities that are conducted in the sequence described below. (The time required for each activity is shown in parentheses):
The time between failures for an electrical appliance is exponentially distributed with a mean of 25 months. What is the probability that the next failure won't occur before 30 months have elapsed?
State the fundamental objective of a firm's location strategy. How is this basic objective carried out by industrial or goods-producing firms; how does that differ for service firms? Answer in a clear, convincing paragraph.
The forecasted demand for fudge for the next four months is 140,160,90 and 70 pounds. A) What is the recommended production rate if a level strategy is adopted with no back orders or stockouts
To check the bladders, organizations workers must be able to crawl in an 18-inch diameter hole in the bladder side also look for light leaks. A limitation on weight also height of individuals working in quality control at this organization would b..
Illustrate what kind of behaviour controls will best facilitate positive interactions both within the teams also among the teams.
Explain several ways in which operations management can lead to greater competitive advantage also profitability. Include at least two real-world examples.
What should the product specification be set at, if the company would like to have Cp = 1.4 ?
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