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New Time Videos (NTV) is a new on-line video rental service. In the field, it is trying to compete by offering its customers access to all of the major new video releases in one business day. That is, if you order a video from NTV, you can expect it in one business day from the time when you placed the order. When you are done with the video, you simply drop it in the prepaid mailing and return it. All videos arrive in a sorting facility located in the Midwest where envelopes with the videos are opened, checked, (right video with the right sleeve, no scratches, no cracks, no dirt on the videos), and made ready to be sent out again. As the manager of this facility, your goal is to turn the returned videos around in 6 hours (a shift is 8 hours long). You have the following information: Inventory of videos: 450,000 per shift Throughput: 325,000 per shift a. Calculate the expected average flow time. b. What changes would you recommend to meet the goal of processing a returned video within 6 hours?
An airplane manufacturer has spent a great deal of money developing a new airplane. The company badly needs cash because it is financially overextended. If it does not get large or
Elucidate Theory of Constraints and constraint managment
Assume that the risk-free rate is 7.0% and the expected return on the market is 8%. What is the required rate of return on a stock with a beta of 1.4? Round your answer to two deci
a) Determine the value of the p-bar, the mean fraction defective. Then determine the control limits for the p-chart using 99.73% confidence level (3 standard deviations). Is this p
What does it mean to say that HRM plays a strategic role in driving organizational performance? Consider recruiting, performance appraisal, and compensation strategies as part of y
What is Customer Relationship Management - CRM? Describe the four-step framework for one-to-one marketing that can be adapted to CRM marketing? Provide at least one or two examples
Explain cost benefit analysis. Cost Benefit Analysis: This analysis is a mathematical technique for decision-making. This is a quantitative technique used to estimate the eco
Time (in Days) Activity Immediate Predecessor Optimistic Most Likely Pessimistic A - 3 6 8 B - 2 4 4 C - 1 2 3 D C 6 7 8
If you were the database administrator for the iTunes store, how might you use predictive analysis to determine which artists and movies will sell most next year?
In a diverse team, a "fault-line" refers to: a. Cases in which a team tends to find fault or blame in the other team members rather than their own behaviour b. Cases in which group
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