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1. Problem-solving questions: Queuing systems Suppose customers arrive one at a time, completely at random, at an ATM at the rate of 5 per hour. Customers take an average of 8 minutes to complete their transactions. That is, the service rate is 7.5 per hour. Historical data have shown that both the inter-arrival and service times closely follow some exponential distribution. Customers queue up on a first-come, first-served basis. Assume that there is only one ATM. (a) What is the average waiting time in this M/M/1 queue? Please provide the formula, at least one step of calculation, and the correct answer for full credit. (b) What is the average queue length? Please provide the formula, at least one step of calculation, and the correct answer for full credit. (c) Based on the average waiting time and the average queue length, is it necessary for the bank to add another ATM machine? Why? 2. Problem solving question: Productivities A company makes 1,000 tires per day with the following resources: Labor: 400 hours per day @ $12.50 per hour Raw Materials: 20,000 pounds per day @ $1 per pound Energy: $5,000 per day (a) What is the labor productivity at the company? You can use either labor hours or labor cost to calculate the productivity. Please provide at least one step of calculation and the correct answer for full credit. (b) What is the multifactor productivity at the company when we take all the resources into account? Please provide at least one step of calculation and the correct answer for full credit. 3. What is bullwhip effect? Why is it important to identify and reduce bullwhip effect in a Supply Chain? Please have a discussion with no less than 100 words.
What kind of entry barriers might be faced by Loctite Corporation - International Distribution in expanding itsbusiness into European, Asian, and Latin American markets? How would entry mode be affected?
-Manage demand for small change across functional areas from production to live lifecycle software and application projects
Goal: Conduct/construct an experiential evaluation/assessment of the business model of your organization (or one with which you are closely familiar) using the business model canvas and related text.
why do trade promotions often increase cycle inventory but fail to generate significant increases in customer demand?
Enron Case, Reflect on the relationship between power, politics and conflict and how it may have impacted the Enron scandal. Then, consider how HRM approaches may have assisted through conflict resolution or the application of new approaches to chan..
Evaluate the decisions companies face when compensating an international workforce? What factors need to be considered, and how do these decisions affect the company?
Quality Management and Continuous Improvement
1. what are the 2 meanings of corporate ethics in organizations today? what does each definition imply for it
Mass Media and Healthcare Quality
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Innobus is an organization that operates in the industry of manufacturing commuter coaches
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