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What is queuing theory in operation management?
Queuing theory is usually seems a branch of operations management since the results can be used to plan for resources required to give a product or service. Illustrations include software intelligent agents monitoring call centre phone activity or direct or may CCTV monitoring of physical customer queues within a supermarket. Frequently viewed as that mathematically is restrictive to capable to model all real world situations precisely on it.
What do you understand by “line balancing”? What happens if balance doesn’t exist?n..
Control Charts for Attributes - Statistical Process Control Attribute data assume only two values, such as pass/fail or good/bad: they are counted rather than measured. Many q
Traditional Accounting Based Measurements and Their Limitations Neely (1999) suggests that traditional financial measures of performance are criticised because they:
What is the present value of $10000 to be received 20 years from now , if the principle is invested at 8% per year, compounded annually ?
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Calculate number of workers needed for each department to produce 2000 units per day and complete the table below to assist you in answering questions e.)è?j.). (e) What is the tot
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Why is a system view so important to have if you are going to implement TQM?
1. Create an IS strategy for your organisation. 2. Give examples of the Data, Information and Knowledge that are used in your organisation. 3. How would the idea of sustaini
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