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In your company’s management development program, there was a heated discussion between some people.
If sales and per capita income are positively related, classify all variables as dependent, independent, moderating, extraneous, or intervening.
How might any of these concepts and/or constructs be related to explanatory hypotheses?
BI and BPM.* Nearly all business processes involve complex value-based decision points, such as loan approvals or up-sell opportunities.
An if-then statement is the simplest form of the inference block of a business rule. A set of “if-then” statements are such that the “if” is the condition.
Multiple queues—The order-fulfillment process of an entrepreneurial catalog business operates as follows.
Assume that the customers arrive to the cashier according to a Poisson process with average rate of 1 customer/min.
A process manager is considering automating a bottleneck operation. The operation receives between three and nine jobs per hour in a random fashion.
Consider a single-server queuing system for which the interarrival times are exponentially distributed.
Service times of customers at the server are also exponentially distributed random variables.
A bank with five tellers opens its doors at 9 AM and closes its doors at 5 PM, but it operates until all customers in the bank by 5 PM have been served.
Develop an ExtendSim model to determine the minimum number of agents that will result in an average waiting time of 5 min or less.
Inventory system—A large discount store is planning to install a system to control the inventory of a particular video game system.
Arrivals to the banking system are either for the drive-in tellers or for the inside tellers.
Investigating the effect of rework rates—A proposed business process consists of five serial workstations.
Variable resource availability—Travelers arrive at the main entrance door of an airline terminal according to an exponential interarrival time distribution.
Consider a bank office where customers arrive according to a Poisson process with an average arrival rate of ? customers per minute.
Assume that Martha buys a new fully automated espresso machine that makes a cup of espresso in exactly 75 seconds always.
For the service rate calculated in part (e), what is the probability of having more than four customers in the process?
A case team completes jobs at a rate of 2 per hour, with actual processing times following an exponential distribution.
A telecommunications company receives customer calls at a rate of 25/h. The interarrival times are exponentially distributed.
A Burger King processes on average 1200 customers/day (over the course of 15 h). At any given time, 60 customers are in the store.
Based on the information on your monthly credit-card statements, what types of credit-card purchases do you make?
Students will example the model economists use to analyze the economy's short-run fluctuations--the model of aggregate demand and aggregate supply.
Who is a manager and how do managers make decisions for the future based on today's information?