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Q. i. As the production manager for RMC, illustrate what would u recommend? And Explain why?ii. Prepare a case by a conservative plant manager for maintaining the status quo until the returns are more obviousiii. Prepare the case for an optimistic sales manager that you should move ahead with the FMS now.
Explain the distinction between Prediction and Forecasting?, Why Forecasting is significant in decision making?, Define Delphi technique of Forecasting. What are the various decisions operation managers are called upon to make in the manufacturing ..
Consider a two-person, zero-sum game where the payoffs listed below are the winnings for Player A. Identify the pure strategy solution. What is the value of the game?
Illustrate what were the limitations of Goizueta's strategy that persuaded his successor, Daft, to shift away from it? Illustrate what was Daft trying to achieve? Daft's strategy also did not produce the desired results. Explain why you think this..
Determine the quantity of exercise books the university should order each time it makes an order in such a way as to minimise the total cost incurred.
If the proposal passes, identify and explain the five legal theories you could use in an attempt to have the regulation declared invalid and overturned in court.
Explain consumer perceived value, total consumer benefit and total consumer cost. Explain how do the total consumer benefit and the total consumer cost affect the consumer’s perception? Explain.
In a typical 8 hour work day, how much time in total will the cashier be idle? How many customers on average are waiting in line to pay?
Show all work by describing variables, stating assumptions, illustrating model and showing output solution to the problem.
No additional fixed costs would be incurred if this proposal is accepted
A consumer organization wants to develop a regression model to predict gasoline mileage (MPG) based on the horsepower of the car's engine and the weight of the car.
. Feedco can purchase up to 1,000 lb of wheat at 50/lb and up to 800 lb of alfalfa at 40/lb. Demand for each type of feed is unlimited. Formulate an LP to maximize Feedcos profit.
If the arrival rate remains at 28 customers per hour and the stand’s manager wants to have the average time a customer spends in the system (i.e., wait time line and service time) to be a maximum of 6 minutes on average, then the service rate must
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