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A manager must decide how many machines of a certain type to purchase. Each machine can process 100 customers per day. One machine will result in a fixed cost of $2000 per day, while two machines will result in a fixed cost of $3800 per day. Variable costs will be $20 per customer, and revenue will be $45 per customer.
A, Determine the break-even point for each range.B. If estimated demand is 90 to 120 customers per day, how many machines should be purchased?
THE FUTURE OF GAP, INC. CASE ABSTRACT Founded in 1969 by Donald Fisher, Gap, Inc. was a leading specialty retailer operating primarily in North America offering clothing, accessories, and personal care products under the Gap, Banana Republic, and Old..
(a) Compute MAPE for management's technique, (b) Do management's results outperform (ex have smaller MAPE than) a naive forecast?, (c) Which forecast do you recommend, based on lower forecast error?
You are in charge of a quarry that supplies sand and stone aggregates to your company's construction sites. Empty trucks from construction sites arrive at the quarry's huge piles of sand and stone aggregates and wait in line to enter the station
Search the Internet about the enron scandal , read and understand the story about the scandal , then after reading you will submit a reaction paper
After a risk workshop has been completed, risk interviews are often completed with subject matter experts. Assess the value of the interviews to identify risk response strategies.
Why do the soft technologies open more opportunities for women? To what extent have these technologies impacted the perceptions of men's and women's roles in the economy, within marriage, and in society as a whole?
When faced with challenges, illustrate what information did you use to make your decision also illustrate what tradeoffs did you contemplate.
Discuss culture, values, ethics, and other such elements that lead to differences in social culture; Explain the business and economic implications of differences in culture and values;
For each of these four location decisions, rank what you think are the main factors which influenced the location decision and what do you think the companies described in each of these four location decisions were trying to improve and why?
What is the sample value of the test statistic. A random sample of 100 European professional soccer players has an average age of 27 years and a SD of 4 years
Compare also contrast three different types of entrepreneurs also state which you are most likely to emulate should you begin a small business. Assess impact of globalization also information technology on creation of small businesses.
Illustrate what general steps should Hank follow in setting up a continuous improvement program for the organization. Illustrate what problems will he have to overcome to make it work.
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