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A copy machine is always in one of two states, either working or broken. If it is working, there is a 70% chance that it will be working tomorrow. If it is broken, there is a 50% chance it will still be broken tomorrow. Assume that one day is a natural time step.(a) Draw a state diagram for the process and formulate the transition matrix(b) Assuming the machine is working today, what is the probability that it will be working tomorrow? After one week? After one month?(c) What is the long-term probability that the copy machine will be working on any given day?
Wiley estimates which this policy will result in a drop in demand to 36 VCR's per week. Order also holding costs will remain same. Should Wiley adopt this policy. Explain why or explain why not.
Illustrate what is the probability that the overall defective rate is still at 1percent if in fact, exactly two of the five are defective in this sample.
How do operations and supply chain processes provide a competitive advantage in the global arena? How is a firms mission related to its strategy?
Analyze Aquarius with respect to the five contextual variables. Explain how would you describe the environment, goals, culture, size, also technology for Aquarius.
A security analyst is forecasting dividends for Boston Electric over the next four years, as follows: $1 (Y1), $1.50 (Y2); $2.00 (Y3); $2.75 (Y4). In addition, the analyst expects that the stock could be sold for $62.25 four years from now.
Analyze the five business-level strategies discussed in Chapter 4 to determine which strategy the company you researched most likely applies.
Describe BP'S first problem, which involved the firms IT function. Discuss BP'S solution to this problem.
Jack is allowed ten minutes to pack his persoanal belongings in his briefcase, and then is escorted out of the building. He is given no chance to explain anything, no chance to ask questions. How do you feel about how Jack was treated? Does he hav..
Discuss fully, the best strategic plan one of your employer's has (had) and the worst strategic plan one of your employer's has had
The annual demand for a product has been projected at 2,000 units. This demand is assumed to be constant throughout the year. The ordering cost is $20 per order, and the holding cost is 20 percent of the purchase cost.
Compute the labor productivity and the multifactor productivity for each unit. Use an 8 hour day for multifactor productivity. And if a new procedure is introduced that allows employees to process one additional customer per day
although it was designed to make four copies per second. Data suggests that about 3% of the copies pages must be scrapped and recopied. What is the overall equipment effectivness of the high-speed copier?
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