Business Law and Corporate Ethics

Consider a POQ model with demand rate a, setup cost K, holding cost h, and produ

Consider a POQ model with demand rate a, setup cost K, holding cost h, and production rate r. Suppose that the production process changes so that r = infinity (i.e. we now have a …

Consider a balanced serial line with three single-machine stations and exponenti

Consider a balanced serial line with three single-machine stations and exponentially distributed process times. Let t and rb denote, respectively, the average process time per job…

Consider a balanced serial line with three single-machine stations and exponenti

Consider a balanced serial line with three single-machine stations and exponentially distributed process times. Let t and rb denote, respectively, the average process time per job…

Consider a bank where loan applications are first reviewed by a credit analyst,

Consider a bank where loan applications are first reviewed by a credit analyst, and then by a loan officer. The credit analyst takes 8 minutes to review each application, and the …

Consider a barber shop with 4 barber chairs. The owner is trying to decide how m

Consider a barber shop with 4 barber chairs. The owner is trying to decide how many barbers to hire. It takes on average 18 minutes to cut each customers hair and clean the workst…

Consider a budget allocation problem where $30 million is available for a number

Consider a budget allocation problem where $30 million is available for a number of projects listed below. The investment required in each project along with the expected return i…

Consider a business entity (i.e. store / organization / etc.) in you daily trave

Consider a business entity (i.e. store / organization / etc.) in you daily travels (out of the house), and discuss how it is leveraging information systems. Using your personal in…

Consider a company using the Power of Two policy to replenish the inventory of a

Consider a company using the Power of Two policy to replenish the inventory of a subset of its SKUs. Which of the following statements is/are true? A) The Power of Two policy assu…

Consider a computer system to which two types of computer jobs are submitted. Th

Consider a computer system to which two types of computer jobs are submitted. The mean time to run each type of job is 1/µ. The interarrival times for each type of job are exponen…

Consider a decision analysis problem whose potential profit payoffs are given by

Consider a decision analysis problem whose potential profit payoffs are given by the following table: State of Nature Alternative S1 S2 S3 S4 A1 14 9 10 5 A2 11 10 …

Consider a facility that provides services of investment customers on a walk-in

Consider a facility that provides services of investment customers on a walk-in basis. Data have shown that during the 10:00–3:00 timeframe, an average of 86 customers arrived and…

Consider a fast-food chain going into Russia. Decide on your initial level of de

Consider a fast-food chain going into Russia. Decide on your initial level of desired involvement in Russia and your entry strategy. Discuss problem areas and your recommendations…

Consider a firm that purchases polystyrene as a raw material for use in a styrof

Consider a firm that purchases polystyrene as a raw material for use in a styrofoam plant. The plant runs 250 days a year. Polystyrene costs $1,500 per ton and the plant uses 125,…

Consider a first-price auction with three bidders, whose valuations are inde- pe

Consider a first-price auction with three bidders, whose valuations are inde- pendently drawn from a uniform distribution on the interval [0, 301. Thus, for each player i and any …

Consider a four-station line in which all stations consists of single machines.

Consider a four-station line in which all stations consists of single machines. Station 2 has average processing times of 2 hours per job, while the remaining stations have averag…

Consider a graphics system that has classes for various figures, say rectangles,

Consider a graphics system that has classes for various figures, say rectangles, boxes, triangles, circles, and so on. For example, a rectangle might have data members height, wid…

Consider a hardware supply warehouse that is contractually obligated to deliver

Consider a hardware supply warehouse that is contractually obligated to deliver 1,000 units of specialized fastener to a local manufacturing company each week. Each time the wareh…

Consider a hardware supply warehouse that is contractually obligated to deliver

Consider a hardware supply warehouse that is contractually obligated to deliver 1,000 units of specialized fastener to a local manufacturing company each week. Each time the wareh…

Consider a humdinger with 4 components in series (Components A, B, C, & D) with

Consider a humdinger with 4 components in series (Components A, B, C, & D) with reliabilities 0.9, 0.92, 0.87, 0.99 respectively. If the humdinger fails it will cost the compa…

Consider a large distribution centre (DC) that sees the arrival of, on average,

Consider a large distribution centre (DC) that sees the arrival of, on average, 40 trucks per 8-hour workday (assume a Poisson distribution). The unloading of a truck at one of th…

Consider a large distribution centre (DC) that sees the arrival of, on average,

Consider a large distribution centre (DC) that sees the arrival of, on average, 40 trucks per 8-hour workday (assume a Poisson distribution). The unloading of a truck at one of th…

Consider a large distribution centre (DC) that sees the arrival of, on average,

Consider a large distribution centre (DC) that sees the arrival of, on average, 40 trucks per 8-hour workday (assume a Poisson distribution). The unloading of a truck at one of th…

Consider a laundry service that has 3 steps to its process. Step 1 is Washing, S

Consider a laundry service that has 3 steps to its process. Step 1 is Washing, Step 2 is Drying, Step 3 is Ironing & Step 4 is Packaging. Step 1 Washing is a batch operation, …