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Explain about the just in time philosophy. Just in time (JIT): This philosophy requires which products must only be produced when there is an internal/external customer w
Reflecting back on our readings about entrepreneurship in, would you consider someone who buys a franchise to be an entrepreneur?
A wine company's daily demand is normally distributed with a mean of 18 bottles, and a standard deviation of 4 bottles. This company checks their winery's stock every 30 days. In t
Question : (a) The Volume-Variety characteristics in any business operations directly influence the layout and the flow of transformed resources. Discuss the four possible ty
Why is forecasting important in organizations, especially as related to understanding the relevant time horizon to develop a forecast against? What are some examples from industry?
From 11:00 AM to 12:00 Noon, 30 people arrive at a bank on average. When they enter they get in line to wait for a cashier. On average there are 3 customers in line waiting. On ave
What do you see as the main organizational problems that are likely to be associated with implementation of a transnational strategy? Explain
After plotting demand for four periods, an emergency room manager has concluded that a trend-adjusted exponential smoothing model is appropriate to predict future demand. The initi
Consider the following batch-flow process consisting of three process steps performed by three machines: STEP 1 Processing Time: 0.25 Min/Part Processing Time: 0.20 Min/Part Pro
what do you understand by "line balancing"? what happens if balance dosen''t exist?
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