Question: 1. Ways to reduce dependence on forecasts, that normally do NOT make business sense: a. Reduce your product variety in terms of product sizes and

1. Ways to reduce dependence on forecasts, that normally do NOT make business sense: a. Reduce your product variety in terms of product sizes and colors to the extent possible b. Identify and offer substitute products to the extent possible c. Buy reserve capacity on a regular basis for demand surges d. Reduce supplier lead times (period from date of order placement to receipt of supplies) and lead time variability to the extent possible

2. There are 4 servers in the checkout area. The average interarrival time of customers is 2 minutes (one customer arrives every 2 min on average). The average service time is 3.2 minutes/customer. What is the overall server utilization? a.0.1 b. 0.4 c. 0.625 d. 2.5

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

1.8 If you make a straight-line projection from Fig. 1.3, what will be the minimum feature size in integrated circuits in the year 2020? The curve can be described by F = 8.214 x 10-0.06079(Y-1970)...

Theil's U-statistic for errors, using a regression forecast, turns out to be = 1.24. What does that mean? Theil's U = (Standard error of the forecast model being used) / (Standard error of the naive...

Ways to reduce dependence on forecasts, that normally do NOT make business sense: a. Increase supplier responsiveness (quick response to changes in market demand volume or specifications) Reduce your...

Just need the answer thank you Ways to reduce dependence on forecasts, that normally do NOT make business sense: Keep huge stocks of inventory a. Increase supplier responsiveness (quick response to...

Ways to reduce dependence on forecasts, that normally make the least economic sense:a ) Reduce supplier lead times ( period from date of order placement to reccipt of supplies ) and lead time...

ways to reduce dependence on forecast that normally Moving to another question will save this response. Question 35 Ways to reduce dependence on forecasts, that normally do NOT make business sense:...

Which of the following ways to reduce dependence on forecasts for a high cost item normally makes the least business sense: a . Keep huge stocks of inventory b . Increase supplier responsiveness (...

Which of the following ways to reduce dependence on forecasts for a high cost item normally makes the least business sense: a . Increase supplier responsiveness ( quick response to changes in market...

Good communication is just as stimulating as black coffee and just as hard to sleep after. - Anne Morrow Lindbergh In May 2021, David Black, CEO of Blackbox, ended his Zoom call with a sense of...

Case study: Customer Segmentation in the Charter Bus Industry by By Gabriela Lelo de Larrea and Amy Gregory The charter bus industry This case study describes how ESCOT Bus Lines, a charter bus...

MGT411 Innovative and Creative Business Thinking University of Phoenix Material Organizational Ecosystem Case Study Wal-Mart Stores, Inc. is a leading company in its industry and a widely recognized...

Jillian, a single taxpayer, has a net long-term capital gain for the year and it is all made up of 25% long-term capital gain. She has positive taxable income for the year. Which of the following I,...

1. Which statement is correct about network protocols? a. Network protocols define the type of hardware that is used and how it is mounted in racks. b. They define how messages are exchanged between...

1 Variables and constants are used for data storage in computer programs. Discuss the similarities and differences between these data stores.

As the manager of Smith Construction, you need to make a decision on the number of homes to build in a new residential area where you are the only builder. Unfortunately, you must build the homes...