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It is important to recognize that for any given endeavor, one can be effective and but not efficient and vice versa". The purpose of this activity is to not only understand the differences but how the two terms can coincide to influence productivity. What is the difference between effectiveness and efficiency? How do the two terms relate? Provide an example using your own small business.
determine one 1 mistake that project managers are most likely to make when archiving cost and schedule data for their
The lead time for paper delivery is normally distributed with a mean of 4 days and a standard deviation of 1 day. A 97% service level is expected. Compute First's ROP.
Write a formal case analysis (5-7 pages) of "The Virgin Group in 2012." Use Wertheim's structure for case analysis. Pay particular attention to the choices of corporate strategy when outlining the causes of any problems identified. Identify creative ..
A time standard was set as 0.20 hour per unit based on the 50th unit produced. Assume the task has a 90 percent learning curve. Refer to Exhibit 4A.5. What would be the expected time of the 100th, 200th, and 400th units?
You own a website design firm and an employee asks you for a favor: a one-month salary advance. She is one of your best employees, you have worked with her for over 5 years, and you know she is buying a house. Decide how you will organize the email a..
Discuss how the five Operational Performance Objectives may influence decision-making associated with process design and layouts - Discuss how the five Operational Performance Objectives may influence decision-making associated with process design ..
Ted is thinking about offering 25 of his largest customer's opportunity to tie into his system directly from their offices. Elucidate what profit would this offer to customers also Peerless. Elucidate what problems might it pose.
At a factory that produces special widgets there are 43 arrivals per day. These are then split into 2 group sizes of 10. The groups then arrive to the first station where there are 4 machines. The time to set up is 3 minutes per group and the time to..
Solve the following linear program using the decomposition principle: minimize z = ?2x1 ? 5x2 subject to x1 + 2x2 = 13.5 x1 + 3x2 = 18.0 x1 ? 9 x2 ? 5 x1, x2 ? 0. Let the first two constraints be the hard constraints and the remaining constraints be ..
Develop a list of independent variables that would be related to your grade in a course (ie. the amount of study time you put in) and predict whether the relationship would be negative or positive. Also address the issue of whether there would be any..
The question was not answered completely. Please read the question completely. The answer should have five columns in the answer: (1) after-tax year, (2) cash profits, (3) depreciation, (4) cumulative flow, and (5) cash flow. Q) Determine the payback..
A company makes two products A and B, using a single resource pool. The resource is available for 900 minutes. The contribution margins for A and B are $19 and $36 per unit, respectively. The unit loads are 11 and 18 minutes per unit. The total profi..
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