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A bank has recently taken over the billing function of a company. An agreement stipulates that the bank should process 99.2% of the bills within 4 hours. A study of the current process indicates that the processing time averages 2.2 hours per bill with a standard deviation of 0.8 hours. A process improvement team has suggested a change. Experiments indicate that the change will lower the average processing time to 2 hours, but will raise the standard deviation to 1.2 hours.a.) With the new system, what is the probability of processing the bills within 4 hours?b.) With the current system, what is the probability of processing the bills within 4 hours?c.) Should you change systems
In a manufacturing facility that produces laptop computers, there are three production lines that operate independently of each other. On one line, circuit boards on the way to final assembly that do not meet quality standards get "kicked"
The machines are expected to be used for 10 years, and any spare parts remaining at the end of the time can be salvaged at $50. If a shortage occurs
Illustrate what is optimal order quantity. Illustrate what is annual holding cost. Illustrate what is annual ordering (setup) cost. Illustrate what are annual costs of silverware itself with an optimal order quantity.
How do you think that quality management concepts can support sustainability efforts? Find some sources or examples to support your beliefs.
A study-aid desk staffed by a graduate student has been established to answer students' questions and help in working problems in your OSCM course.
This report allows for an assesment of world trade flows by country, region, and main product or service categories. Using the most recent statistics available, identify the top five countries that lead in export and import of merchandise, respect..
The Solomon, Smith, and Samson law firm produces many legal documents that must be word processed for clients and the firm. Requests average eight pages of documents per hour
Virtual organizations located on the student website. An organization with which you are familiar. Write a 700- to 1,050-word paper in which you explain operation management's role in business today. Comprise the following:
Examine two (2) issues of standardization and localization in general for MNEs. Determine two (2) ways in which an organization would benefit from standardization of IHRM activities.
What is the number of pallets that ABC Distribution can process (receive and shelve) per week? Round to a whole number.
exclaimed that there was no need for record keeping as such reviews were considered confidential and it was not in the interest of company to maintain records of such design reviews.
describe the demographic makeup in these years; then identify industries that will be impacted by these data.
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