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A small barber shop has a single chair and an area for waiting, where only one person can be in the chair at a time, and no one leaves without getting their hair cut. So the system is roughly: Entrance, Wait, Haircut, Exit. Assume customers arrive at the rate of 10 per hour and stay an average of 0.5 hour. What is the average number of customers in the barber shop?
The Law of Demand states that the demand for a product is inversely related to the price of such product. Therefore, the demand for a product is considered downward sloping. This implies that quantity demanded increases when price decreases. Is th..
What is aggregate planning and what are the contents of an aggregate plan? Also, what are the differences between aggregate planning for manufacturing versus service companies? What is sales and operations planning, what is the sales and operations p..
Select a project with which you have been involved. Describe the project. What are the benefits and challenges a project team may face
Identify how changes in the external environment may affect the OM strategy for a company. For example, what impact are the following factors likely to have on OM strategy?
Research has shown that people have a basic need for recognition. Managers often think that financial rewards are the best incentive for employees. List three ways managers can use incentives to reward and recognize their teams of employees without s..
What is the annual net cost effect of this quality-improvement initiatives?
Discuss the different employment types and relationships relevant to agency law, and analyze the advantages and disadvantages of each type specific to Acme Fireworks.
What factors prevent developing countries from becoming developed? Why? What are the responsibilities of industrialized nations to developing nations in this regard
Magma Digital offer project support ranging from disaster analysis to project rescue, website design and development services, and business critical software. The software installation Project Manager has asked you to prepare a schedule for a client’..
Why do technologies often improve faster than customer requirements? What are the advantages and disadvantages to a firm of developing a technology beyond the current state of market needs?
What is meant by the term marketing concept? How has this concept been extended into the professional selling models?
Case titled "Creating a Methodology." Write a one to two (1-2) page paper in which you:
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