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A process has a cycle time of 10 minutes. The throughput time is 10 hours. If the throughput time is reduced to 5 hours without changing the cycle time, what is the change in inventory (as a percentage)?
Which of the following items would be considered as a prevention cost of quality?
Briefly compare and contrast the concepts of needs, wants, and demand, explain with the help of examples keeping an eye into your surroundings. Discuss how these concepts relate to marketing practices
A workshop has 5 jobs to perform today. Each job must be done by exactly one machine, but a machine can do more than one job. For each machine, there is a setup cost for the regular workday. Define the decision variables 2. Develop the objective func..
A ship owner is attempting to insure an old vessel for twice its current market value. Is this an adverse selection or moral hazard issue? The same ship owner advertises a tariff whereby the freight charged for all cargo will be the same. What kind o..
Scheduling and sequencing are typically viewed from a technical perspective; that is, they are focused on minimizing quantitative measures such as lateness or cost. However, schedules also have intangible effects on customers, employees, and the perc..
Explain the theories of adult learning principles. Compare the differences between child/adolescent and adult learning models (pedagogy and andragogy).
An art collector commissioned an artist to create a sculpture for the collector. The artist wanted a substantial amount of money for the sculpture. This caused the collector some worry regarding possible dissatisfaction with the artwork once it was c..
Why do you think lean inventory management can decrease transportation, capital expenses, and inventory storage?
Is counterfeiting of Louis Vinton always a negative. Are re any circumstances where it can be seen as having some positive aspects.
Would this be a good market for a U.S. business? Why or why not? What is the central advantage or problem in terms of regulation?
Explain however the inspector, who can test 20 units per hour, is paid $8 per hour, including fringe benefits. Should an inspection station be established to test all units. Illustrate what is the price to test each unit.
Give an example of a situation when you had to negotiate and resolve a conflict situation through negotiation in the workplace or another place. What steps did you take to resolve this conflict
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