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Northwest Airlines runs daily flights from Detroit to Amsterdam. They face a fixed cost of $70,000 for each flight independent of the actual number of passengers on the plane. There are 310 seats available on a plane. One-way tickets generate revenues of $600 apiece when used but are fully refundable if not used. On a typical weekday, the airline estimates that the number of no-shows will range between 0 and 20; all intermediate values are equally likely. By law, an airline is allowed to overbook flights, but must give compensation of $250 to all ticketed passengers not allowed to board. In addition, it must provide those passengers with alternative transportation on another carrier (the cost of providing the alternative transportation just wipes out the $600 revenue). How many tickets should Northwest book on its flight from Detroit to Amsterdam?
One product produced by Moore-Funn Novelties is a voodoo doll. It has a fairly constant demand of 40,000 per year. The soft plastic body is the same for all the dolls, but the clothing changes periodically to conform to fad hysterics. What is the opt..
An undergraduate business student has purchased a laptop computer for use during exams. This laptop is perfectly reliable except for two parts: its microchip
Imagine you are teaching freshmen orientation for a group of international university students from Korea, Brazil, and Poland. How would you explain tailgating at an American football game? What kinds of images or videos would you show? Note. Do not ..
What grade would you give Elon Musk for his handling of the battery pack fires and battery-charging fire in the residential garage of a Model S owner? What are the issues/problems that Elon Musk and other members of Tesla’s top management team need t..
In the face game, OP1 can draw 82 circles in 2 minutes, OP2 can do 59 faces in 2 minutes, OP3 can add hair to 21 faces in 2 minutes. Who is the bottleneck?
A group of college students is planning a camping trip during the upcoming break. The group must hike several miles through the woods to get to the campsite, and anything that is needed on this trip must be packed in a knapsack and carried to the cam..
Complete a SWOT analysis for McDonald's to include SO, WO, ST, and WT Strategies, then develop a SPACE matrix for McDonald's. Using these matrices, draw conclusions regarding both the long term and short term strategies you would recommend.
1 which of the following is not an element of stakeholder analysis?a.identifying stakeholdersb.financially motivating
Describe different ways to develop a WBS and how activity definition and activity sequencing correlate to the project network?
A firm is selling two products, chairs and bar stools, each at $60 per unit. Chairs have a variable cost of $30, and bar stools $25. Fixed cost for the firm is $21,000. what is the break-even point in dollars of sales? In units of chairs and bar stoo..
Discuss the Steps in Civil Litigation. Millie mows her own yard to save money. Her neighbour Paul, however, hires a lawn service to mow his yard. One day Millie is looking out the window and sees Paul's lawn service drive up. Discuss, when and how an..
Assuming it needs to be pulled at 5 mph, illustrate what size tool and FWAD tractor would be needed. For each working day you can average 8 hours in the field and field efficiency is 80%.
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