The __________ system enables exchange members to send orders directly to a specialist over computer lines.
A. FAX
B. Direct Plus
C. NASDAQ
D. SUPERDOT
D. SUPERDOT
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What are the four basic and most commonly used ways to develop a detailed plan for a service delivery system?
a. poka-yoke, fishbone analysis, universal service map, simulation b. fishbone analysis, universal service map, PERT/CPM chart, simulation c. simulation, fishbone analysis, Pareto analysis, universal service map d. critical paths, simulation, PERT/CPM chart, fishbone analysis
A company should not couch its mission statement in terms of making a profit because a profit is more correctly an
A. objective and a result of what a company does. B. obligation and a reason for what a company does. C. outflow and a right of what a company does. D. obligation and a responsibility for what a company does. E. outlay and a rationale for what a company does.
The annual demand for an item is 10,000 units. The cost to process an order is $75 and the annual inventory holding cost is 20% of item cost
(a) What is the optimal order quantity, given the following price breaks for purchasing the item? (b) What price should the firm pay per unit? (c) What is the total annual cost at the optimal behavior? Quantity Price 1-9 $2.95 per unit 10 - 999 $2.50 per unit 1,000 - 4,999 $2.30 per unit 5,000 or more $1.85 per unit
In manufacturing scheduling, physical inventories of goods can buffer variations in demand, but service scheduling normally lacks that buffer because services are generally consumed at the same time they are delivered
Indicate whether the statement is true or false