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The Newcoat Painting Company has for some time been experiencing high demand for its automobile repainting service. Because it has had to turn away business, management is concerned that the limited space available to store cars awaiting painting has cost them in lost revenue. A small vacant lot next to the painting facility has recently been made available for rental on a long-term basis at a cost of $10 per day. Management believes that each lost customer costs $20 in profit.
Current demand is estimated to be 21 cars per day with exponential interarrival times (including those turned away), and the facility can service at an exponential rate of 24 cars per day. Cars are processed on a FCFS basis. Waiting space is now limited to 9 cars but can be increased to 20 cars with the lease of the vacant lot. Newcoat wants to determine whether the vacant lot should be leased. Management also wants to know the expected daily lost profit due to turning away customers if the lot is leased. Only one car can be painted at a time. Try using the Limited Queue Template.xlsm file for an analytical solution and the Multiserver Simulation.xlsm file for a simulation solution.
Make notes on the following two items to help your manager to understand their meaning: The balanced scorecard and its perspectives on performance
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Distinguish between Internet spoofing and email spoofing.
Kudler Fine Foods is a gourmet food shop owned by Kathy Kudler whose sole purpose for opening such a store was driven by her passion for gourmet cooking. Kudler Fine Foods has experienced huge success since its birth in 1998, because of the consum..
Determine the missing amounts - determine the gross profit rates. (Round to one decimalplace)
Two separate errors affected Dryer Shirts in 20X4. The beginning inventory was overstated by $17,000 and the ending inventory was overstated by $23,000. Ignoring taxes, net income in 20X4 will be:
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near the end of 2011 the management of simid sports co a merchandising company prepared the following estimated balance
First Lincoln Bank agreed to settle the debt in exchange for land having a fair value of $16 million but carried on Rothschild Chair Company's books at $13 million.
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