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Explain why appointments are necessary for many professional services. List and explain some key issues and decisions that must be addressed in designing appointment systems.
Create a win-win situation by sharing rather than competing between entities
Compute a weighted 3-month moving average forecast for months 4 through 9. Assign weights of .55, .33 also .12 to months in sequence, starting with most recent month. Compare two forecasts by using MAD. Which forecast appears to be more accurate.
The mean lifetime of all light bulbs produced by a manufacturer is unknown. A sample of 144 bulbs is randomly selected and tested. The average lifetime of this group is measured and found to be 1500 hours with a sample standard deviation of 1..
Illustrate what general steps should Hank follow in setting up a continuous improvement program for the organization. Illustrate what problems will he have to overcome to make it work.
You depend on committee members to return to their respective departments and implement decisions made by committee. You are glad that most members appear to be sincerely interested in improving coordination among departments.
Your company has an average annual inventory of $70 million. Its annual cost of goods sold (COGS) is $560 million. Order costs are $195 per order, and inventory carrying costs are estimated at 23%.
List the types of potential segmenting dimensions and explain which you would try to apply first, second and third in a particular situation. If the nature of the situation would affect your answer, explain how.
Explain the difference between rationalist and incrementalist strategy. Who are the main protagonists of the theories? How have the debates regarding these theories.
A local nursery, Greens, uses 1560 bags of plant food annually. Greens works fifty-two weeks per year. It costs $10 to place an order for plant food. The annual holding cost rate is $5 per bag. Lead time is one week.
Mark Achin sells 3,600 electric motors each year. The cost of these is $200 each, and demand is constant throughout the year. The cost of placing an order is $40, while the holding cost is $20 per unit per year.
What are the advantages of financing via the Internet as Marrone did? Are there any disadvantages to financing via the Internet?
Pharma Blitz develops and markets new technological products to be used in health care. The development of a new product operates as follows.
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