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Each morning, the refrigerator in a small machine shop is stocked with two cases (24 cans per case) of soft drinks for use by the shop's 10 employees. The employees can quench their thirst at any time during the 8-hour work day (8:00 A.M. to 4:00 P.M.), and each employee is known to consume approximately 4 cans a day, but the process is totally random (Poisson distribution). What is the probability that an employee will not find a drink at noon (the start of the lunch period)? Just before the shop closes?
What are the advantages of outsourcing to (doing business in) China? What are the advantages of outsourcing to (doing business in) Mexico? What would the basis for your decision to recommend doing business in one country vs. the other?
A producer of pottery is considering the addition of a new plant to absorb the backlog of demand that now exists. The primary location being considered will have fixed costs of $8,152 per month and variable costs of $1.86 per unit produced. Each item..
Consider a project to develop a new software inventory system. What are some of the resource constraints that would make the project challenging? Prior to that, please define what resource constraint means to you?
In your own words, define and describe political risk. Create an impressive definition that demonstrates to potential employers or clients that you can clearly articulate the risks associated with international management.
Lucy is the plan administrator for the Golden Corporation. She has invested all of the funds in Techno stock. The stock price plummeted. Lucy has: Select one: a. violated her fiduciary duty of diversification. b. violated her fiduciary duty of loyalt..
Analyze a business’s responsibilities to the environment, employees, customers, investors, and the community, and determine which is the most important. Explain your rationale.
Entrepreneurs are generally not manufacturing whizzes. They are often focused on getting a new idea into a product and that product to market. And although they acknowledge the importance of manufacturing, their heart is often not in it.
Mark M. Upp has just been fired as the university bookstore manager for setting prices too low (only 20 percent above suggest retail). He is considering opening a competing bookstore near the campus, and he has begun an analysis of the situation. Sho..
Kroft Foods makes cheese to supply to stores in its area. The dairy can make 350 pounds of cheese per day, and the demand at area stores is 205 pounds per day. Each time the dairy makes cheese, it costs $175 to set up the production process. The annu..
A production manager at a Contour Manufacturing plant has inspected the number of defective plastic molds in five random samples of 25 observations each. Following are the number of defective molds found in each sample:
Provide the quantitative formulas for the following and a simple, solved exaple demonstrating how -to Cumulative Sum of Forecast Error (CFE), Mean Absolute Percentage Errors (MAPE), Median Absolute Deviation (MAD).
You have been tasked with creating a personnel protection proposal for the opening of a new site for your company, or for a company with which you are familiar. To complete this task, you must research policies and/or interview security management..
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