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The Corner Cleaners 24-hour laundromat has 16 washing machines. A machine breaks down every 20 days (exponentially distributed). The repair service the laundromat takes an average of one day to repair a machine (exponentially distributed). A washing machine averages $5 per hour in revenue. The laundromat is considering a new repair service that guarantees repairs in 0.50 day, but they charge $10 more per hour than the current repair service.
Currently, how long does the laundromat have to wait for its equipment to be repaired?
What is the cost of equipment downtime?
How long would the laundromat have to wait for repairs with the new service?
What is the cost of downtime for the new service?
Should the laundromat switch to the new service?
Explain how has technology fostered new cost effective virtual methods of training. Discusses explain how shift from labour intensive manufacturing to automation has affected product costing.
MacPack Products orders materials from its suppliers 26 times per year, at a re-ordering cost of $350 (per order). The company's average inventory is valued at $400,000.
Describe briefly how a leader can recognize a regressive cycle and what should the leader's response be? Hatten (2009) stated, because inventory is such a significant expense, most businesses look carefully for ways to determine the appropriate leve..
How would you describe the context into which Carlos Ghosn was thrown when he was recruited in 1999 to turn around Nissan? How would you describe Ghosn's leadership style?
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A large electric utility company has proposed building an $820 million combined cycle, gas-powered plant to replace the electric generation capacity at one of its coal-fired facilities.
Illustrate what is the percent change in multi-factor productivity if Upton can reduce the energy bill by $1,000 without cutting production or changing any other inputs.
Discuss the various methods by which job analysis can be completed. Compare and contrast these methods, noting the pros and cons of each.
Twelve samples, each containing 5 parts, were taken from a process that produces steel rods. The length of each rod in the samples was decided. Draw the charts and plot the values of the sample means and ranges.
A company is deciding if it should do design of a product in-house or outsource the design. If outsourced the cost for a low bidder would be $40,000 and the cost for an expensive bidder $100,000.
Why are these two roles typically separated? Is it a positive development for so many firms to have a combined CEO and board chair?
Explain how easy was it to find specific occupation (Technical Management) you were looking for also explain how comprehensive was information provided about that occupation.
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