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Q. An innovative restaurateur owns also operates neither a dozen "Ultimate Low-Carb" restaurants in northern Arkansas. His signature item is a cheese-encrusted beef medallion wrapped in lettuce. Sales (X, in millions of dollars) is related to Profits (Y, in hundreds of thousands of dollars) by regression equation Y = 8.21 + 0.76 X. Illustrate what is your forecast of profit for a store with sales of $40 million? $50 million?
Vending machine dispenses hot chocolate or coffee. Service time is 30 seconds per cup and is constant. Customers arrive at a mean rate of 80 per hour and this rate is Poisson-distributed. Decide the average number in the system.
Illustrate what activities are involved in the operations function and explain how the operations function interacts with other functional areas of a firm.
Describe how they have evolved over time. Include references to the moral philosophy or social issues which affect your approach to the development of this Code of Ethics.
As part of an insurance business's training program, participants learn explain how to conduct an analysis of clients' insurability. Which of participants would you judge to be capable.
You are a member of an advertising team assembled to develop a promotional campaign for a new running shoe. Describe how you may apply the 5 levels of Maslow's needs hierarchy in developing your promotional strategy.
Briefly explain Evolution and contributor of Operations management.
Evaluate the pros also cons of each alternative also suggest a course of action to your CEO.
Braneast Airlines must decide explain how many airplanes should serve the Boston-New York-Washington air corridor and which flights to fly.
Determine the number of units that should be manufactured each month on regular time and on overtime to minimize total production and storage costs.
Consider the "Alternative Approach" to combating five consumer products (alcohol, tobacco, guns, motor vehicles, and junk food) and determine whether you agree or disagree with the approach suggested.
Elucidate what is the average cost per unit if the work force is maintained at a level so which overtime can be used to the maximum of 25% of regular hours during the peak period in period 5.
Decide the number of employees that would be needed. The ice cream sales record for the past 12 quarters is provided in a table below. To assist her with her plans, develop the following forecasting models.
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