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An operator is in charge of FIVE machines. After each machine completes a job, the operator must reset it before a new job is started. In other words, the operator’s task is to set up each machine when a job is completed. The time to complete a job on any machine is negative exponential with mean 45 minutes. The time to set up any machine is also negative exponential with mean 8 minutes.
(a) Determine the average number of machines that are awaiting set up or are being set up.
(b) Determine the average time a machine is awaiting set up or are being set up.
(c) What is the probability that all machines are working?
Explain how the political frame would be a part of the strategic planning process, which steps are appropriately political, and why this frame is important to the ultimate success of a strategic plan.
Corporate valuation Smith Technologies is expected to generate $50 million in free cash flow next year, and FCF is expected to grow at a constant rate of 3% per year indefinitely. Smith has no debt or preferred stock, and its WACC is 11%. If Smith ha..
Fee for service payments to hospitals affords limited incentive for efficiency. Beneficiaters who enrol in a health saving accounts must select a high deductible catastropic plan. The prospective payments system for hospitals uses a reimbursement sch..
Define each of the following major motivation and job satisfaction theories: need theories, individual differences, cognitive theories, situational theories, and job satisfaction.Describe a specific situation in the workplace related to motivation an..
The concept of reverse auctions has become popular to drive the total cost of procurement down. Discuss how reverse auctions might be a good fit for some supplies and not for other supplies. Also include how a reverse auction might function as part o..
Assigning team members to task roles is a delicate and critical task. When done correctly, the team members will be excited about their role on the project, feel confident they can successfully complete the tasks assigned, and know they will have ..
The business-to-business marketplace is significantly larger in terms of sales than is the consumer marketplace. Routine purchases ordinarily require both search and evaluation in the consumer decision process. Consumers tend to follow a more formali..
what is the optimal value of the holding and setup costs for wafers when the optimal source is used?
(Industrial Baking Process) Strohrmann, a large scale bakery in Pennsylvania, is laying out a new production process for their packaged bread, which they sell to several grocery chains. It takes 12 minutes to bake the bread. How large an oven is requ..
what is the moral point of view and why is it regarded as important? defend or criticize the view that business people
Which of the following statements most nearly defines reserve time? a-A time gap which is inserted between two projects. b-An amount of time that is allotted to the project activity to account for any unplanned delay or unforeseen situation. c-The ex..
An example of a "hidden" production function is money transfers at banks. Shortening the project's duration by deleting unnecessary activities is called "project crashing." Low-cost leadership is the ability to distinguish the offerings of the organi..
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