Questions from Statistical Techniques

Q: A business organisation is trying to improve staff morale and motivation and 

A business organisation is trying to improve staff morale and motivation and has decided to replace the existing staff canteen with a modern cafeteria. The works department has drawn up a detailed lis...

Q: A large banking organisation is installing a network of automated teller machines

A large banking organisation is installing a network of automated teller machines (ATMs) for use by its customers in a large town. These machines are installed in an exterior wall of the bank and allo...

Q: In the project detailed in Table 13.13, activity labels

In the project detailed in Table 13.13, activity labels indicate the major activities to be completed in a project. The duration of each activity and cost of each activity have been identified, on bot...

Q: A company is thinking of investing £15 000 in a savings

A company is thinking of investing £15 000 in a savings fund. The fund runs for a 10-year period and is expected to generate a return each year of 8 per cent of the amount invested. All annual returns...

Q: A project comprises the activities shown in Table 13.15,

A project comprises the activities shown in Table 13.15, which also shows the duration of each activity. (a) Construct a network diagram for this project and determine the expected completion time t...

Q: A firm is making minor alterations to its automated stock-handling

A firm is making minor alterations to its automated stock-handling system in one of its warehouses. The relevant information relating to this project is shown in Table 13.16. The table sho...

Q: For a particular project the information in Table 13.17 has

For a particular project the information in Table 13.17 has been obtained. (a) Construct a network diagram for this project showing EFTs, LFTs and the critical path. (b) The company concerned has indi...

Q: What are the basic decisions that a manager with stock-control

What are the basic decisions that a manager with stock-control responsibility faces and what are the likely objectives of such a manager in this context?

Q: Describe the quantitative techniques that are available to assist a manager with

Describe the quantitative techniques that are available to assist a manager with stock-control responsibilities in an organisation.

Q: A company requires a particular item from an outside supplier for its

A company requires a particular item from an outside supplier for its production process. Annual demand for the item is 3000 units. Order costs are estimated at £15 and holding costs at 20 per cent of...