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A bank manager wishes to provide prompt service for customers at the bank's drive-up window. The bank currently can serve up to 10 customers per 15-minute period without delay. The average arrival rate is 28 customers per hour. Let x denote the number of customers arriving per 15-minute period. Assuming x has a Poisson distribution:
Find the probability that 8 customers will arrive in a particular 15-minute period.
Find the probability that there will be customer waiting for service at the drive-up window.
Discuss the legal and ethical issues surrounding Solyndra, the California based solar panel manufacturer. You will need to research the company through the University library.
Select a process you perform daily but would like to spend less time doing, like driving to work. Design a flowchart using an appropriate tool. Comment on the factors which affect the process design.
Discuss the basics of Just-in-Time using an example from the industry. Further, justify whether Just-in-Time is an inventory control policy or a process improvement methodology. Also, examine if it can be both.
According to the cost allocation methods used in the company's accounting system that are described in the Production Cost Report, if a company employs 100 PATs at a total labor cost of $12,000,000 (including wages, fringes, incentives, overtime, ..
Management has formulated four questions or "Decision Problems" that should be answered. Four "Decision Problems" or questions are: Explain why are store revenues lower than previous years.
If it is anticipated that zone 2 (which houses senior residents) will be visited twice as frequently as any other zone, where would you locate the fire station using the center-of-gravity model?
Assuming that there is a perfect market in St Jamesa Ltd's shares, and that the market uses a dividend valuation model, show how the market value of the shares has been affected by the Board's decision.
The accumulation of cash balances in excess of those ordinarily required for the short-term needs of working capital
Consider the table below. This time, the historical profitability of eight locations is listed in the table. Devise a regression equation
You are part of a group of newly hired team superintendents with Riordan Manufacturing. Your group was hired to lead new teams and begin production of the newly designed CardiCare Valve heart valves.
Use the information in Case Study 15.1. If level-by-level processing is used, illustrate what is a correct order for processing components A, B, C also D.
For what reason might her results be inaccurate? What would she need to do in order to accurately measure the daily demand for magazines?
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