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A distribution of service times at a waiting line indicates that service takes 12 minutes 30% of the time and 14 minutes 70% of the time. In preparing this distribution for Monte Carlo analysis, the service time 13 minutes would be represented by the random number range
Organization Design
The creation or rearrangement of an organization's structure to align it more closely with its objectives, strategies, and processes.
Competitive Advantage
The unique attributes or circumstances that enable an organization to outperform its competitors.
Michael Porter
An influential academic known for his theories on economics, business strategy, and competitive advantages.
Rural Markets
Economic segments or consumer markets located in countryside areas outside of urban and suburban regions, often characterized by different buying patterns and accessibilities.
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