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A system consists of three identical components. In order for the system to perform as intended, all of the components must perform. Each has the same probability of performance. If the system is to have a .92 probability of performing, what is the minimum probability of performing needed by each of the individual components?
You and your fellow operations department teammates have been debating which companies are the best examples of applying supply chain management.
Suppose that the utility function for the owner of Morely Properties can be approximated by the exponential utility function U(X) = 1 - e^(-x/R) where the risk tolerance value R=100 (in $1,000s).
Bill Simmons is the manager of a small restaurant and must decide how much money he owes his suppliers. This is an example of a nonprogrammed decision.
What is performance excellence? What are the principles of total quality? Describe the composition of each category in the Baldrige Criteria. Contrast total quality (TQ) and Six Sigma. Briefly describe the various elements of strategy development. Li..
Why a business should understand the constituent parts of their demand chain A description of how a demand chain is created A description of how a demand chain can be beneficially used An example of a demand chain Choose a Fortune 500 company and ..
knox corp. plans to sell 1000 units in 2011 at an average sale price of 40 each. cost of goods sold will be 40 of the
Define competitive advantage. Illustrate what might competitive advantage be for each of subsequent companies. Be specific
What are the 8 cross functional processes that make up Supply Chain Management? Just list the eight and briefly describe the bullwhip effect.
The specification for a plastic liner for concrete highway projects calls for a thickness of 3.0 mm 0.2 mm. The standard deviation of the process is estimated to be 0.02 mm. The process is known to operate at a mean thickness of 3.0 mm. What is the o..
What is your plan if a union campaign is started at your company?
formulate a linear programming model that will enable the farmer to determine th number of acres where sugarcane and/or corn should be planted in order to maximize profit from his land. (using ALL 50 acres, but not all workers or fertilizers.
Evaluate upper also lower control limits which will comprise roughly 97 percent of sample means when process is in control.
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