As a new manager of a production division, you have made the decision to incur more quality costs than the previous manager of the division incurred. How can you defend quality costs to executive management?
It is often necessary to increase expenditures in one or more areas in order to decrease other costs. For example, external failure costs, which are serious and potentially devastating to companies, can be reduced (theoretically to zero) by paying more attention to quality issues early in the value chain. Increasing expenditures related to prevention and appraisal can result in significant overall cost savings in the long run.
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Workforce scheduling problems are often integer programming models, which means that they have
A. an integer objective function. B. integer decision variables. C. integer constraints. D. integer output.
Tatiana is following a fixed weighting approach to managing her portfolio, which on January 1 consisted of 45% common stock, 40% bonds, and 15% short-term securities
Because stocks had a good year, at the end of the year, it consisted of 55% common stock, 35% bonds and 10% short-term securities. As a result, A) Tatiana should leave her portfolio as it is to take advantage of momentum in stocks. B) she should sell stock and buy bonds and short-term securities to restore the original weightings. C) she should sell stock index futures to protect herself from falling prices. D) she should sell stock and increase the proportions of bonds and short-term securities because she is now one year older.
In a unilateral contract, one party makes a promise that the other party can accept only by actually doing something.
Answer the following statement true (T) or false (F)
For a system to be more intelligent than a DSS, ____ intelligence techniques would have to be leveraged to give the system the ability to reach conclusions and offer advice, even with insufficient information on which to base a decision.
A. business B. artificial C. random D. mapping