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1. Calls arrive at Lynn Ann Fish's hotel switchboard at a rate of 3 per minute. The average time to handle each is 30 seconds. There is only one switchboard operator at the current time. The Poisson and exponential distributions appear to be relevant in the situation. a) What is the probability that the operator is busy?
2. Gil has stolen a "Lancer" from Yu and changed the look and interior of the car. Gil is now using it for his personal purposes. After some months, Yu comes to know about his car and demands it back. However, Gil demands for the amount he spent on modifications. Can he recover it from Gil? Is Yu liable to pay that?
What is the economic order quantity? How does your answer change if the holding cost doubles?
What is the level of experience with Excel? What specifically did you wish to learn during that class?
Discussion and managerial advises: link your findings to extant literature. Advise the management about the usefulness of the findings.
What is the supplier of the dishwashing process for a hotel? The dish manufacturer or customers who have used the dishes?
Decision-making under Uncertain Demand - Newsvendor: Montanso is a large bio firm that sells genetically modified seed to farmers.
An alternative development for the land is a parking lot. The land, clearing, and development costs are $200,000. It is anticipated that the land can be sold.
What is the difference between competitive strategy and business strategy? Describe the strategy of striving to be the industry's overall low cost provider. What does a company have to do to achieve low-cost provider status? What are the pros and con..
Why is management of technology important? Briefly describe the two main layout types.
We live in a very complex and culturally diverse society.
What are the arguments for or against raising the minimum wage?
What is the projected on-hand inventory at the end of period 2?
Case: "Building pay structures that recognize employee contributions" What role will the compensation design play in motivating the new sales representative?
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