Max is the CEO of Salary Advance United, a payday lender with twenty-five locations. The core business of Salary Advance is to lend consumers advances of between $100 and $500 against their paycheck for short periods of time, usually about one week to ten days. Salary Advance also offers other financial services such as check […]
Top-level leaders at a company that manufactures smartphones, tablet computers, and portable music players, among other electronic devices held a one day retreat. The purpose was to think though how well the company was contributing to society. Technology chief, Olivia, commented, “I am very proud of us as a company. Think of what we have […]
Based on the model description given belove, comment on the assumptions regarding the underlying system. Which assumptions do you think sound unrealistic and why? A small factory consists of a machine and an inspector, as shown in Figure 1. Unfinished parts arrive to the factory with exponential interarrival times having a mean of 1 minute. […]
Tanya is the team leader of a cross-functional product-development group in a consumer products company. The group meets from time to time to discuss new ideas for products. Another of its key activities is to help develop a product after agreement is reached by higher-level management that a product idea is worth pursuing. Tanya enjoys […]
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