1. The Reggae Rhythm Electronics Corporation retains a service crew to repair machine breakdowns that occur on an average of 3 per day (approximately Poisson in nature). The crew can service an average of 8 machines per day‚ with a repair time distribution that resembles the exponential distribution. a. What is the utilization rate for this service? b. What is the average downtime for a machine that is broken? c. How many machines are waiting to be serviced at any given time? d. What is
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Write your name here Surname Other names Edexcel Certificate Edexcel International GCSE Centre Number Candidate Number Biology Unit: KBI0/4BI0 Science (Double Award) KSC0/4SC0 Paper: 1B Tuesday 15 May 2012 – Morning Time: 2 hours You must have: Ruler Calculator Paper Reference KBI0/1B 4BI0/1B KSC0/1B 4SC0/1B Total Marks Instructions Use black ink or ball-point pen. Fill in the boxes at the top of this page with your name‚ centre number and candidate number. Answer all questions
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Scenario: USASuperCars sells luxury sports cars. It has just signed a contract to sell‚ in a years’ time‚ a batch of these cars to various customers around the globe. The following table shows the orders of five customers. The selling prices are fixed and in local currencies at the exchange rate prevailing at the time of the delivery. Of course there is uncertainty in the exchange rates‚ and in order to cope with this uncertainty estimates as well as standard deviation of these have been provided
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1. What issues would you take into account? The stakeholders welfare‚ responsibility towards the society (in this case it can be identified as United States or as broad as the global inhabitants) which includes environmental issues‚ and also the ethics. For sure one more important issue is profitability or survivability of the firm. All of the issues mentioned earlier may be thought of as means for ensuring the long-run success of the company. 2. What major sources of uncertainty do you face
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COURSE TEMPLATE 1. Course information 1.1 Course number 1.2 Course Title 1.3. L-T-P structure MEL342 POWER PLANT TECHNOLOGIES 3-0-2 1.4 Status DE for ME1‚ OC for others 1.5 Pre-requisites MEL242 (Energy Conversion) & AML140 (Mechanics of Fluids) 1.6 Course coordinator Sunil R. Kale 2. 2.1 Credits 4 Schedule Lectures Tu‚ Th & F 11 to 11:50 AM Video Studio (G.F.‚ MS Bldg) via NKN to IIT Mandi and IIT Ropar 2.3 Practicals
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FALL 2011 Decision Support System and Managerial Decision Making Prof. Hassan Qudrat-Ullah Due Date: December 8‚ 2011 By: Farazeh Khalid Mian Abhishek Sahi Table of Contents SECTION NUMBER | SECTION NAME | PAGE NUMBER | | Abstract | 3 | 11.11.2 | IntroductionWhat is decision making? What is a Decision Support System? | 3‚ 44‚ 5‚ 6 | 22.12.22.3 | Literature Review DSS in the business environmentImportant attributes of the Decision Support SystemCapabilities
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Decision Making at Google Inc. Data Google defines itself as a non-conventional company which intentionally avoids the traditional management models. “Google has been managed differently in an atmosphere of creativity and challenge.” That said by Eric Schmidt‚ CEO‚ who also affirms that the business is driven according what Peter Drucker understood as a way to manage the “knowledge workers” in 1959. The idea was first described in his book ’The Landmarks of Tomorrow’. "We know now that the source
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is to make decisions. Most managers or executives have to engage in some aspect of decision making including coming up with ideas‚ evaluative alternatives‚ or implementing directives (Brousseau et al.‚ 2006). However‚ it could be a critical issue for decision makers to build up proper decisions in various situations. Hence‚ how to adopt suitable technique in decision making processes is a significant text for them. This essay firstly is going to discuss the benefits of automated decision making due
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MANAGERIAL DECISION MAKING The business executive is by profession a decision maker. Uncertainty is his opponent. Overcoming it is his mission. John McDonald TOPIC OUTLINE * Characteristics of Managerial Decisions * The Stages of Decision Making * The Best Decision * Barriers to Effective Decision Making * Decision Making in Groups * Managing Group Decision Making * Organizational Decision Making * Techniques in Decision Making ADDITIONAL TOPICS
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“Discuss the rational decision-making model. Would this be an effective/realistic model to use in your current organization? Describe how you may use it while mitigating its weaknesses.” Individuals face daily judgments about decision making‚ although decisions can be categorized in two dimensions: personal and organizational and then into programmed and non programmed‚ as described by Vechhio (2006‚ p.183). Here we will cover rational decision-making model‚ and discuss how that applies
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