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Assume a manufacturing process takes 4 hours per unit of x and 2 hours per unit of y, and a maximum of 100 hours of manufacturing process time are available. When x and y are defined as units of product produce, write the algebraic formulation of manufacturing constraint.
How to Create Department Heads and Staff for Operations
While we discuss many benefits of diversity, an alternative view suggests that no empirical evidence exits to show that a diverse workforce has a positive effect on organizational performance, employee commitment, and employee satisfaction. What is y..
Describe a situation in which you believe conflict ended with a positive result or change in your workplace or some other group activity.
Describe and explain in detail what Total Quality Management is. What implications are there for the company and managers involved?
Apply the buying center concept to a firm, a non profit organization, or a government agency you work for, or are familiar with, for the purchase of new laptop computers for their employees. Which members of the buying center should the salesperson f..
Firms exist to create and deliver value to customers, shareholders, employees, and society. Operations Management is focused on the means-the underlying processes-by which firms create and deliver value.
Greenfields is a mail order seed and plant business. The size of orders is uniformly distributed over the interval from $25 to $80. Use the following random numbers to generate the size of 10 orders. .41 .99 .07 .05 .38 .77 .19 .12 .58 .60
A manufacturer must decide whether to extend credit to a retailer who would like to open an account with the firm. Past experience with new accounts indicates that 45% are high-risk customers, 35% are moderate-risk customers, and 20% are low-risk cus..
Which form of investment is more risky: developing a new drug or building a new nursing home? Which type of publicly traded for-profit firm would you expect to show greater variability in earnings, a pharmaceutical firm or a nursing home chain?
United Research Associates (URA) had received a contract to produce two units of a new cruise missile guidance control. The first unit took 5,000 hours to complete and cost $50,000 in materials and equipment usage
Explain the meaning of company beta's being greater than the market. Why do the investors not have to consider the unsystematic risks? How would you construct an optimal portfolio?What would be the formula to calculate the risk of an individual asset..
Identify at least one way that Harley Davidson enhanced its brand identity by migrating its HOG community to the Internet and social media. Describe why, in your opinion, the company’s brand benefited from the move.
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