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Goop Inc. needs to order a raw material to make a special polymer. The demand for the polymer is forecasted to be Normally distributed with a mean of 250 gallons and a standard deviation of 80 gallons. Goop sells the polymer for $25 per gallon. Goop’s purchases raw material for $10 per gallon and Goop must spend $5 per gallon to dispose of all unused raw material due to government regulations. (Assume one gallon of raw material yields one gallon of polymer with no extra cost.) If demand is more than Goop can make, then Goop sells only what they made and the rest of the demand is lost. Suppose Goop wants to ensure that there is a 92% probability that they will be able to satisfy the customer’s entire demand. How many gallons of the raw material should they purchase?
Based on the readings from the course text, please identify the leadership traits, skills, and behaviors that you consider the most important in leading and motivating subordinates. Examine specifically why you selected the traits, skills and beh..
Change continually happens during a project as you learn more information and make adjustments. Some changes have small impacts and can be easily worked around without much effort. However, what happens when the proposed change affects the project's ..
Jimmy is the CEO of News Corp. His son, Johnny, runs Television Inc. One day Jimmy suggests that Johnny sell Television Inc. to News Corp. Jimmy and Johnny work together to radically inflate the value of Television Inc. A shareholder sues alleging th..
Explain how a natural experiment differs from a traditional one by providing an example of each and discussing the differences. What are the advantages and disadvantages of each? Which design do you think is most useful and why?
Who are the main players within the organization affected by the challenges? In what business and industry is the company operating?
Define a fault-tolerant computer system and a high-availability computer system. How do they differ? When would each be used? Discuss at least three key technology trends that raise ethical issues. Give an example of an ethical or moral impact connec..
You are the executive director of a small publicly funded behavioral health agency that serves indigent clients. After 10 years of being able to serve all clients seeking help, your agency has just received a 20% budget cut and must prioritize which ..
What activities would be included in the value added time of fast food hamburger preparation and delivery? Why are these part of the Value Added Time?
A__________produces finished-goods inventory in advance of customer demand using a forecast of sales.
Describe the conditions where second-order change is necessary for an organization to survive. Explain why first-order change may be insufficient—over the long term—as a method of change given the tumultuous, globally competitive environment. Provide..
The just-in-time (JIT) movement has long argued that firms should - Maximize their process flexibility so that ordering costs are minimal.
Theatrical knows that Unique will use the masks to make Halloween costumes. What is the measure of recovery?
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