1. A manufacturer’s average work-in-process inventory for a certain part is 1‚000 units. The workstation produces this part at the rate of 200 units per day. What is the average time a unit spends at this workstation? 2. The Wilcox Student Health Center has just implemented a new computer system and service process to \improve e±ciency." As pharmacy manager‚ you are con- cerned about waiting time and its potential impact on college students who \get no respect." All prescriptions (Rxs) go
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SOLUTIONS Financial Management Seminar + Homework‚ Week 5 1. Starware Software was founded last year to develop software for gaming applications. Initially‚ the founder invested $800‚000 and received 8 million shares of stock. Starware now needs to raise a second round of capital‚ and it has identified an interested venture capitalist. This venture capitalist will invest $1 million and wants to own 20% of the company after the investment is completed. a. How many shares must the venture capitalist
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hobby this month: planting‚ and was completely obsessed with it. The whole front lawn was covered with all sorts of plants‚ and just a few days ago‚ Tim had gotten a beating from Mum because he plucked her roses to decorate the toilet. What was the problem today? Reluctantly‚ I entered the house. Mum screamed at Tim‚ “NO‚ I will not get you a superhero backpack! Your current bag is good enough! Do you know how much I have to work just to feed you all since your father left? You are already very lucky
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Hence‚ that alternative would be chosen. Exercise 2 page 224 a. Determine the expected profit of each alternative. EP Do nothing = 0.3x50+0.7x60 =$57 EP Expand = 0.3x20+0.7x80 =$62 EP Subcontract = 0.3x40+0.7x70 =$61 b. Analyze the problem using a decision tree. c. Compute the expected value of perfect information. ( EVPI) * Compute the expected regret Do nothing 0.3x0 +0.7x20 = 14 Expand 0.3x30+0.7x0 = 9 (minimum) Subcontract 0.3x10+0.7x10 = 10 The lowest expected
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THE DEFINITIONS "Operations management (OM) is defined as the design‚ operation‚ and improvement of the systems that create and deliver the firm’s primary products and services. Like marketing and finance‚ OM is a functional field of business with clear line management responsibilities." (Chase‚ Jacobs‚ Aquilano‚ 2006:9) "Operations management is the management of processes or systems that create goods and/or provide services. It encompasses forecasting‚ capacity planning‚ scheduling‚ managing
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Social Problems and Solutions Chart | | |Social Problem of the Industrial |How was the Social Problem addressed during |Was the Social Problem |Is the Social Problem still an issue | |Age |the Industrial Age (social movement‚ law‚ |addressed successfully? Be |today? How? | | |etc.)? |sure to support your opinion | | |
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OPRE 6302: Homework Assignment 5 Problem1 a) Draw the project network diagram C(2) E(8) A(3) B(4) G(4) H(9) D(6) F(7) b) List all the paths in the network diagram. Say which one(s) is(are) the critical path(s) and what the minimum project duration is. PATHS ACEG=3+2+8+4=17 months ACEH=3+2+8+9=22 months BDEG=4+6+8+4=22 months BDEH=4+6+8+9=27 months BDFH=4+6+7+9=26 months Critical path: BDEH Minimum project duration: 27 months c) For each activity compute ES
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MSIS 301 – Homework Chapter 4 Carlos Mazur Prof. Davood Golmohammadi 4.10. Data collected on the yearly registrations for a Six Sigma seminar at the Quality College are shown in the following table: Year 1 2 3 4 5 6 7 8 9 10 11 Registrations 4 6 4 5 10 8 7 9 12 14 15 a) Develop a 3 year moving average to forecast registrations from year 4 to year 12. Year 4 5 6 7 8 9 10 11 12 Forecast 4.6 5 6.3 7.6 8.3 8 9.3 11.6 13.6 b) Estimate demand again for years 4 to 12 with a 3 year weighted moving
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x + 11 = longer piece’s lenght Solution: x + x +11 = 75 2x = 75 – 11 2x = 64 2x = 64 2 2 x = 32 x + 11 = 32 + 11 = 43 2. Find the dimensions of a rectangle where the altitude is four seventh of of the base and the perimeter is 330 feet. Let x = length of the base x = length of the altitude since the perimeter = 300 Solution: 330 = 2x + 2 ( x)
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Department of Economics University of California‚ Berkeley Fall 2012 Econ 182 Solutions Problem Set 8 Problem 1. Exchange Rates and International Transmission a. Suppose that the US engages in a monetary expansion. Since exchange rate is pegged to the US dollar‚ country X’s monetary authorities are forced to expand their money supply as well (recall that i = i* under FixER). Interest rates fall in country X‚ output expands‚ and of course the exchange rate remains unchanged. On the AA-DD diagram
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