Diminishing the risk of liabilities for an organization
Considering the gigantic liability associated with the workers getting injured on job, assess if implementing of 58 in work place can aid with diminishing the risk of these liabilities for an organization, by increasing safety?
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An electrical contractor's records throughout the last 5 weeks point out the number of actual job requests. Calculate the number of requests for week six using each of below techniques:
Sketch a state diagram for process and formulate the transition matrix. Supposing the machine is working today, what is the probability that it will be working tomorrow? After one week? After one month?
Consider the production system which consists of single station with the production rate of one part per minute and process variability given by Ce=1.
Plot monthly sales data on sheet of graph paper. Forecast January sales for the New Year
Would implementing lean in an organization lead to competitive advantage? If yes, discuss, how and what types of the competitive advantages it would lead to. If no, then say why you believe it wouldn’t lead to competitive advantage
Examine the procedure you went through from a lean prospective and recognize the types of "waste" in the procedure (if any) and explain each.
Expando, Inc., is considering possibility of building the additional factory which would create a new addition to their product line.
What additional annual cost is shop incurring by staying with this order size? Other than cost savings, what benefit would by using optimal order quantity yield?
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