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Please answer each of the following:
a. What is the expected time to complete a task with an optimistic, most likely, and pessimistic times of 3, 4 and 7 days respectively?
b. What is the standard deviation of the same task, assuming the estimates were made at the 99% plus level?
c. What is the standard deviation of the same task, assuming the estimates were made at the 90% level?
David sells all the chemical at $20 per gallon, so his shortage means that David loses the $5 to buy the more expensive chemical.
The purpose of the Final Paper is for you to culminate the learning achieved in the course by demonstrating your knowledge of organizational management by synthesizing the information from class into work and life experience.
Assume that your capital is constrained, so that you only have $500,000 available to invest in projects. If you invest in the optimal combination of projects given your capital constraint, then the total net present value (NPV) for all the projects y..
You have recently been promoted to the position of VP of Marketing for a food products business that is considering selling in India. In India, the retail systems are often fragmented and not user-friendly. In addition, wholesalers and retailers have..
You and your fellow operations department teammates have been debating which companies are the best examples of applying supply chain management.
Describe how the Environmental Protection Agency started and discuss the agency's primary functions.
Hard Rock chefs are modifying the menu from classic American burgers and chicken wings to include higher-end items such as stuffed veal chops and lobster tails. Just as taste in music changes over time, so does the Hard Rock Cafe, with new menus, ..
Using subsequent information in a linear programming problem maximizes profit for product A also B. Provide explain how many of each product should be produced also illustrate what is profit at that optimal level
A project manager who assists his or her team members in understanding the purpose and benefits of a particular project will obtain a higher level of commitment from the team. Discuss some of the things a project manager should mention to the team wh..
Compare the reliability of this plan with the reliability of plan 2 calculated in solving the original problem. How much did the reliability of plan 2 decrease?
Using the scoring model to resolve the following equipment selection problem. A choice is to be made between two alternative information technology (IT) systems. The following data apply:
Describe one or two similarities in how lean operation principles might be applied in both the service and manufacturing industries.
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