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Question: People anive at a newspaper stand with an interarrival time that is exponentially distributed with a mean of 0.5 minute. Fifty-five percent of the people buy just the morning paper while 25% buy the morning paper and a Wall Street Journal. The remainder buy only the Wall Street Journal. One clerk handles the Wall Street Journal sales, another clerk morning-paper sales. A person buying both goes to the Wall Street Journal clerk. The time it takes to serve any customer is normally distributed with a mean of 40 seconds and a standard deviation of 4 seconds for all transactions.
Run a simulation:
1. Estimate the average wait time and average length of each queue
2. Estimate the average system time and average number of people in the system.
Describe a current event within your health care organization that requires leadership attention. From your readings this week, apply a leadership theory that most closely represents your approach to addressing the situation. Explain why your selecti..
Why should we decompose total trade credit into free trade credit and costly trade credit? How to do that?
What is a strategic vision? What is a strategic mission? What are the five forces that affect the dynamics of a particular industry ?
A small neighborhood restaurant is staffed by a hostess, five wait staff and four cooks. The hostess seats the guests and hands out the menu which takes 3 minutes. What is the bottleneck activity and what is the capacity of the process? If an average..
Jim is about to purchase a piece of office equipment at the local office supply store. He is about to purchase piece of office equipment at local office store.
Identify and characterize a company; Specify warehouse processes; Identify a business problem / inefficiency in the warehouse
Compare and contrast customer service via social media and 'traditional' customer service channels
How many books must be sold to break even?
Describe the attributes that make a vision meaningful to stakeholders. Discuss why a vision may need to change.
You have added some new staff to your project team. They have very little understanding of your project and you don’t have a lot of time to educate them on the project’s specifics. With the great tools available via Microsoft Project (i.e. Gantt char..
The buisness plan selected is on Home imprpvement companies that specialize in restoring and updating homes on a budget.
How does strategy help an organization? Why not just make a tactical plan and complete the relevant activities?
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