λ/μ = 1 - 4/12 = 8/12 or 0.667. (The variety of queuing models‚ easy) {AACSB: Analytic Skills} 2. A waiting line meeting the M/M/1 assumptions has an arrival rate of 4 per hour and a service rate of 12 per hour. What is the average time a unit spends in the system and the average time a unit spends waiting? Ws = 1 / (μ - λ) = 1 / (12 – 4) = 1/8 or 0.125; Wq = λ / (μ*(μ-λ)) = 4 / (12*8) = 1/24 or 0.0417. (The variety of queuing models‚ easy) {AACSB: Analytic Skills} 3. A waiting line meeting
Premium Question Management Scientific method
QUESTION 1 In a BCG Matrix‚ all divisions are called question marks‚ stars‚ cash cows or dogs. Define each of these terms. Question Marks division is Quadrant I have a low relative market share position‚ yet they compete in a high-growth industry. Generally these firms’ cash needs are high and their cash generation is low. These businesses are called question marks because the organization must decide whether to strengthen them by pursuing an intensive strategy (market penetration‚ market development
Premium Strategic management
Task 6 The Matrix Structure Department Head Function Manager Function Manager Function Manager Project A Project B Project B This structure is one of the most commonly used structures in today’s organisations and is designed in a way that groups employees by both function and product. In a matrix structure‚ individuals work across teams and projects as well as within their own department or function. For example‚ a project or task team established to develop
Premium Management Project management
Chapter 1 Cardiovascular Disorders I. Normal cardiac anatomy‚ physiology‚ and function A. Cardiac and coronary artery anatomy (see Figure 1-1) The left anterior descending artery is the most common site of coronary artery occlusion. B. Cardiac cycle (see Figure 1-2) In 10% of patients‚ the posterior descending artery derives from the left coronary artery. C. Cardiac output (CO) 1. Heart rate (HR) a. Number of cardiac contractions per unit time; commonly expressed as beats per minute (bpm)
Premium Myocardial infarction Cardiology Hypertension
Enterprise Risk Management is defined as “the process of identifying and analyzing risk from an integrated‚ company-wide perspective. It is a structured and disciplined approach in aligning strategy‚ processes‚ people‚ technology and knowledge with a purpose of evaluating and managing the uncertainties the enterprise faces as it creates value” (Woon‚ Azizan‚ & Samad‚ 2011‚ p. 23). Had Non-Linear Pro utilized Enterprise Risk Management‚ the company would have been able to reduce their liability
Premium Management Sales Enterprise risk management
In Hofestede’s 6-D Model‚ there are six dimensions: power distance‚ individualism vs collectivism‚ masculinity vs. femininity‚ uncertainty avoidance‚ long term orientation‚ and indulgence. The power distance index is defined as “the extent the less powerful members of society accept and expect that power is distributed unequally.” The power distance index (PDI) addresses the issue of how a society deals with inequality. The basic areas of inequality include social status‚ wealth‚ and power. In
Premium Geert Hofstede Sociology Cross-cultural communication
Story: A Tale of Three Stepmothers Ralph has two brothers‚ two half-brothers‚ one half-sister‚ three stepbrothers‚ one stepsister‚three stepmothers‚ one stepfather‚ two step-grandmothers and a step-grandfather. Living in a big family is no joke. After school on Mondays and Thursdays‚ he goes directly to Dad’s place. His mum or his step dad‚ Howard sends him. On Tuesdays‚ Wednesdays and Fridays‚ he goes straight to his Mum’s place. At times‚ he will be lost not knowing where to go. The lunchboxes help
Premium Family Mother Father
7 Step Ethical Decision Making Model – Bailey Step 1: Is this covered by the guidelines? Upon first reading of the scenario I felt that were two issues to be addressed. The first noted was to do with problem behaviour related to the removal of ‘Barney’ from the program and the second was medical which in turn was affecting John’s behaviour. I will deal with each individually. Barney: As we are not given all John’s history here relating to this issue‚ I will deal with what I feel has been
Premium Ethics Morality Philosophy
The seven habit of highly effective people was written by Dr Stephen R cavey over 5 million copies sold and translated in 32 languages Dr stephen R Cavey international leadership consultant a global provider of leadership development and productivity Dr cavoy in this book explain that what you are‚ your character and values speaks more than what you say and do. To really understand this book you have to do three things lean it‚ teach it and do it definition habit : A habit is the overlaps or
Premium Management Lean manufacturing
Strategic Management Chapter 6 – Questions 1. Plot the position of the following companies on figure 6.3 and justify your answer: * Procter & Gamble: P&G sells more that 300 brands to consumers in more that 150 countries and therefore faces strong pressures for local responsiveness as different countries and cultures prefer different cleaning materials for example. P&G also faces pressures for cost reduction due to the large number of competitors in that sphere of the market
Premium Coca-Cola Strategic management Subsidiary