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Arrivals at a box office in the hour before the show follow the Poisson distribution with lambda = 8 per minute. Servive times follow an expoential distribution with a mean of 6 seconds. Find the average lenght of the waiting line Lq=
Each coffee table produced by Robert West Designers nets the firm a profit of $9. Each bookcase yields a $12 profit. West’s firm is small and its resources limited. During any given production period (of 1 week), 10 gallons of varnish and 12 lengths ..
How does a corporation determine what direction they will take in the marketplace. The first three elements of setting this direction are Mission Vision and Value Statements. What do these mean. How do they impact decision-making at a corporation.
Perform an Internet search using the term break-even analysis. Select and read a case study or article from the results of your search. (Make sure that you do not select an instructor's lecture notes or a class assignment from the results of your sea..
A chemical firm produces sodium bisulphate in Demand for this product is 25 tons per day. The capacity for producing the product is 75 tons per day. Setup costs $1000, and storage and handling costs are $10 per ton a year. The firm operates 250 days ..
how would the use of innovation communitieshelp companies to learn from both success and failure?Discuss.
What are the advantages and drawbacks of universities using social media to communicate with various stakeholders-students, potential students, alumni, donors, etc.
Prepare a cause and effect diagram to analyze why a machine has produced a large run of defective parts.
Jane needs to try a more collaborative approach to working with suppliers. Will her approach work. Explain how should she adopt a more collaborative approach in future negotiations with suppliers.
Compare and contrast qualitative and quantitative forecasting and give one example of a method that is used for each type.
Assume the project sponsor within a major corporation has championed a project for the past year, and the concept was finally approved. Of the strategies a sponsor would use to ensure project success, describe three that you think are the most imp..
Demand for the DeskPro computer at BestBuy is 1,000 units per month. BestBuy incurs a fixed order placement, transportation, and receiving cost of $4,000 each time an order is placed.
What are the two principle activities in strategic planning. Why is it important to correctly identify and address these two activities to ensure success in the quality initiative
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