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Due to a recent increase in business, a law firm secretary must now word-process an average of 20 letters a day (assume a Poisson distribution). It takes him approximately 20 minutes to type each letter (assume an exponential distribution). Assuming the secretary works 8 hours a day:
Assume a second secretary is hired that type at the same rate as the first one.
What is the probability that there are no letters to be typed?
What is the utilization rate for each category?
Assume the secretary’s salary is $20 per hour, and cost of having letters on the secretary’s desk (waiting to be typed) is $15 per hour. Recommend a course of action to the manager of this law firm
Is Toyota's focus on quality consistent with the Lean philosophy? Can a firm actually follow the Lean philosophy without having a strong quality focus? Explain.
Discuss the workforce planning process. After discussing each step, explain what would happen if an organization did not follow the workforce planning process. Explain from the perspective of the employer and the employees.
Briefly identify the company and provide a short explanation of why the company is seeking to restructure. Evaluate three types of business strategies (low-cost, differentiation, and speed-based) and determine which is most appropriate for the busine..
Generally, marketers use one of three basic targeting strategies to focus on a target market: undifferentiated, concentrated, or differentiated. Locate an article that discusses the target market for a specific product.
Elucidate how do they tend to differ from the more adversarial relation of the past. Why might suppliers be hesitant about JIT purchasing.
Compute average cycle time also normal time for each element. Then, calculate standard time for entire task. Decision Science Institute (DSI) promotes its annual national conference by mailing thousands of letters to various recipients.
Would implementing lean into an organization lead to a competitive advantage? if yes, explain, how and what types of competitive advantages it would lead to. If no, then say why you think it would not lead to a competitive advantage.
Are there any similarities between the characteristics demanded of an entrepreneur and those of a professional athlete? Would an athlete be a good prospect for entrepreneurship? Why or why not?
Imagine you are presenting a new global recruiting strategy to your boss. Choose either Japan or Saudi Arabia, and research business strategies for recruiting in your chosen region. Identify the top three to five (3-5) factors that would need to be c..
Gentle Ben's Bar and Restaurant uses 7,500 quart bottles of an imported wine each year. The effervescent wine costs $7 per bottle and is served only in whole bottles because it loses its bubbles quickly. What is the economic quantity for Ben to order..
Does the model developed truly represent BIS's logistics network - How can the BIS Corporation validate the model?
In the early 1980s, how did Howard Schultz view the possibilities for the specialty coffee market? Why did Schultz think he could successfully import the Italian coffee bar concept to the United States?
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