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Q. Operations Manager for Shadyside Savings & Loan orders cash from her home office for her very popular "BIG BUCKS" automated teller machine which only dispenses $100 bills. She approximates that this machine dispenses an average of 12,500 bills per month and that carrying a bill in inventory costs 10 percent of its value annually. She knows that each order for se bills costs $300 for clerical and armored car delivery costs and that order lead time is 6 days. If she were to order 6,000 bills at a time, illustrate what would be average monthly total costs, excluding value of bills?
You have been asked to update your general counsel on 5 major issues and challenges that may affect the contract the legal team needs to write before business can begin. You decide to prepare a presentation that focuses on different areas the team..
Determine the problem as stochastic dynamic programming problem. Specify phases, states, decisions and the optimal value function.
Illustrate what is the role of inspection in both the manufacturing and service industry. Explain how does it relate to the idea of continuous improvement and the philosophies of the quality gurus, Deming, Juran, Feigenbaum and Crosby.
Provide at least 200 word answer to: Jacques Pierre manufactures and sells a line of perfume - Le Peux - in distinctly-shaped containers that are instantly recognizable. May Jacques Pierre register the shape of the containers as a trademark?
The standard deviation of lead time is 1.5 days. Assume 260 days in the year and an average lead-time of 6 days. Illustrate what is the EOQ.
In this 350 word response with references, circumstances in which objective function is more significant than constraints is discussed. The opposite is also discussed.
Explain why you believe this barrier is challenging for organizations as well as elucidate what you would do to overcome it, if you were faced with change in your organization.
Illustrate what factors must be considered in assessing legal sufficiency of an offer, acceptance and consideration in determining whether a contract is enforceable.
Frank Hurley is the farmer with 250 acres on which he wishes to plant wheat and corn to maximize his expected return for season. Based upon the output, what key points would you recommend to Frank?
Describe the eventual outcome. Did the venture succeed. Were the peons or the big wigs right. In either case, briefly describe why the eventual result happened.
Explain how would information be used within ford motor business. Illustrate what major problems would you anticipate need solving prior to implementing system.
find out examples of systems analysis application outside of software development for the above please emphasize on the systems analysis bit - discuss why systems analysis has been:
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