Spreadsheet Modeling & Decision Analysis: A Practical Introduction To Business Analytics, Loose-leaf Version
Spreadsheet Modeling & Decision Analysis: A Practical Introduction To Business Analytics, Loose-leaf Version
8th Edition
ISBN: 9781337274852
Author: Ragsdale, Cliff
Publisher: South-Western College Pub
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State University has decided to reconstruct the sidewalks throughout the east side of its campus to provide wheelchair access. However, upgrading sidewalks is a very expensive undertaking, so for the first phase of this project, university administrators want to make sure they connect all buildings with wheelchair access with the minimum number of refurbished sidewalks possible.Following is a network of the existing sidewalks on the east side of campus, with the feet between each building shown on the branches:
Problem-solving is a critical technique used in many businesses to overcome challenges and improve services.In the case of CoffeeVille, they faced a limitation in their delivery service which was affecting their business operations. The problem-solving process was used to find a solution to this issue.Possible solutions could have included hiring more delivery personnel, optimizing delivery routes, or implementing a delivery scheduling system. After evaluating these solutions, they might have chosen to hire more delivery personnel and optimize delivery routes as the most feasible and impactful solution. After implementing these changes, they would have reviewed their delivery service to ensure that the problem was effectively solved. This is a simplified example, but it illustrates how problem-solving can be used to overcome challenges and improve services in a business context. Perform a self evaluation of the critical thinking skills. This must include writing and responding to five…
Macon Controls produces three different types of control units used to protect industrial equipment from overheating. Each of these units must be processed by a machine that Macon considers to be their process bottleneck. The plant operates on two 8-hour shifts, 5 days per week, 52 weeks per year. The table below provides the time standards at the bottleneck, lot sizes, and demand forecasts for the three units. Because of demand uncertainties, the operations manager obtained three demand forecasts (pessimistic, expected, and optimistic). The manager believes that a 30 percent capacity cushion is best. Time Standard Demand Forecast Setup (hr/lot) Lot Size Processing (hr/unit) Component Pessimistic Expected Optimistic (units/lot) A 0.05 1.0 50 16,000 16,000 27,000 В 0.30 4.6 80 11,000 12,000 17,000 C 0.05 8.3 100 16,000 23,000 35,000 a. How many machines are required to meet minimum (Pessimistic) demand, expected demand, and maximum (Optimistic) demand? (Enter your responses rounded up…
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