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In the now famous "Linda Problem", one finds what that is suggested?
A) Apparently we tend to make judgments according to what we take as representative
B) We sometimes miss facts about probablity of conjunctions
C) We fall prey to what has been called the representativeness heuristic
Discuss the I/O (industrial/organizational) approach in relation to competitive advantage. State your view of the merits of the external view versus the internal view of strategy.
What are two ways Toyota operation might have changed if it had focused on low cost instead of quality
The production manager at Evansrode Marine Engines is investigating a new process which makes a 36 inch shaft used in outboard motors. Since this is a new process, she wants to get descriptive statistics that can be used in later studies to determine..
Balance the line using the largest positional weight heuristic. Break ties with the most following tasks heuristic. Use a cycle time of 50 seconds.
Name at least two other worker protection laws. What is unemployment compensation? What is social Security? What is the National Labor Relations Board and what does it regulate?
The schedule is something you will want to keep close watch on during the project. What are some examples of when you would want or need to reduce the project's duration? Would there be any concerns you might want to consider when discussing the p..
Describe FedEx Office and SameDay delivery manufacturing process and scheduling approach. You are consulting with a company that is failing. It seems the CEO (recently fired) paid no attention to the board of directors.
what is the impact that technology has had on our society? what would our world be like without
A shipment of machined steel parts valued at $75,000 needs to be shipped from Rockwall, Texas to Rochester, New York. They could be shipped by rail, taking 15 days at a cost of $1,575, or by truck, taking 4 days at a cost of $2,640. The annual holdin..
Automobiles arrive at the drive-through window at the downtown Urbana, Illinois, post office at the rate of 4 every 10 minutes. The average service time is 2 minutes.
How might a manager or leader find a 'happy medium' with a benchmarking strategy? Are there any concerns will not fully benchmarking a department or process
In the context of the neoclassical model, how would you interpret the imperative to "cause no harm?" Substantiate your view with two reasons and examples.
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