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Question 1. Discuss the relationship between manufacturing and logistics. What are the tradeoffs between the two areas?
Question 2. Physical distribution has a special relationship to marketing. What is the nature of the relationship between logistics and marketing? Is the relationship becoming more or less important? Why?
Question 3. Logistics encompasses a relatively large number of managerial activities. Discuss five of these activities and why they are important to logistics systems.
Question 4. Discuss the factors that cause a company to analyze the design of a supply chain network or to reconsider the location of a particular facility.
Question 5. Why has the JIT approach to inventory control become popular in some industries? How does the JIT approach compare to the EOQ approach to inventory management? Should JIT be adopted by all inventory managers? Why or why not?
Consider the context of stakeholder involvement: where some stakeholders not sufficiently involved in the project?
With reference to Example 4, use the theory of Exercise 22 to test the null hypothesis α = 21.50 against the alternative hypothesis α 21.50 at the 0.01 level of significance.
Determine the proportion of homes that have a pool. At the .05 significance level, can we conclude that less than 40 percent of the homes sold in the Denver area had a pool? What is the p-value?
What is the probability that among the balls drawn there will be (i) 1 white and 2 black balls, (ii) at least 2 black balls, (iii) more black than white balls?
does the use of cell phones lead to a higher incidence of brain cancer? people with brain cancer were matched with
Considering the sampling distribution of sample means of all samples of size 27, calculate the value of the sample mean for which 75% of samples have a sample
An auditor selected a random sample of 12 accounts from all accounts receivable of a given firm. The amounts of the accounts, in dollars, are as follows.
Accidentally typed in error as a 415, what would be the impact on the following statistics? Answer with increase, decrease, or remain the same.
A researcher asks the question "Is there a relationship between GRE total scores and GPAs in the master's programs in electrical engineering?"
Explain how reimbursement differs between PAR and nonPar charges.Calculate the following amounts for a PAR who bills Medicare.
Generate a forecast for the year using this technique and then calculate forecast errors using MAD. What is the mean absolute deviation
45% of the students at U of M do neither have a tattoo nor a body piercing (other than an ear piercing). 40% of the students at U of M have a tattoo. 30% of the students at U of M have a body piercing
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