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proof V=C((n/(n-1))^n)(r/(r*T+r)^n
A local bar serves a premium draft beer to its customers. The daily demand for beer is assumed to follow a normal distribution with a mean of 80 litres and a standard deviation of
Consider mean arrival rate is 1 customer every 4 mins and mean service time is 5/2 mins. If waiting cost is $5 per unit per min and cost of serviceing one unit is $4. Find minimum
implantation of operation strategy
Explain limitations of budgets. Limitations of Budgets : (i) Since budget is based on calculates approximately, that is, estimated sales, estimated business conditions and
Which of the following is true? MPC can run independent of the operation plan. Business failure can result from poor MPC performance. In PAC, order release directly affect
Bruce Wayne routinely participates in activities such as skydiving, rock climbing and bungy jumping. His employer told him to stop the activities or they would cancel his health in
Question 1 In a net change MRP system requirements and schedules are considered rigid and never updated. Question 2 the customer grace period is a time-span having some specifie
Attributes - Statistical Process Control On the other hand, some processes have outputs with attributes to be controlled where counting the number of defects is more appropria
What is the difference between business and operations strategy? Answer: There is a hierarchy of strategic decision making, each focused on a different time horizon and at vary
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