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Failsafe Textiles employs 3 highly skilled maintenance workers who are responsible for repairing the numerous industrial robots used in its manufacturing process. A worker can fix 1 robot every 8 hours on average, with an exponential distribution. An average of 1 robot fails every 3 hours, according to a Poisson distribution. Each down robot costs the company $100 per hour in lost production. A new maintenance worker costs the company $80 per hour in salary, benefits and equipment. Should the manager hire any new personnel? If so, how many people? What would you recommend to the manager, based on your analysis?
Explain "What Is Strategy?" by Porter (1996) and review the case study Toyota: The Accelerator Crisis (2010) by Greto, Schotter, and Teagarden. Describe the four basic types of production processes. What are the advantages and disadvantages of each?
Generally speaking, many companies are interested in the potential cost savings of using the same product and promotional mix on a global basis. It is easier to control the program and less time is required in developing the marketing plan. Howeve..
Consider passenger arrival at the Minneapolis International Airport security check point. The passengers form a single queue. Each passenger places his or her carry-on luggage on a moving belt to be scanned by an X-ray machine. Each passenger is a cu..
What is the probability that customers with tickets arrive and the ticket taker is not helping another patron and what is the probability that a traveler will pull up to the attendant's service window without having to wait for..
Provide a high-level analysis of the company's business strategy and oper ating performance. Be sure to complete the following: Analysis of the company value proposition, market position, and competitive advantage and External environmental scan/five..
The level of exposure that would pose a danger to the life of the person exposed, would result in significant and irreversible health effects, or would render the person exposed unable to escape without assistance is known as
Graphically decide a daily production plan that minimizes the cost of meeting Leary Chemical's daily demands.
Provide examples of three technological devices/concepts that have had the greatest impact on virtual organizations.
What is the probability of completing this project within 16days?
Since the early 1980's we in the United States have been hearing about, and most have adopted, Just-In-Time or Lean Manufacturing as practiced by the Japanese. Is it really "just-in-time" if you the consumer can buy any color Toyota right from the de..
How many gas and electric trimmers should Weedwacker make, and how many should it buy in order to fulfill its contract in the least costly manner?
Define the terms Performance Management, Performance Evaluation, and Performance Feedback and explain how each of the three tools is used in the workplace.
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