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An urban bus route has a patronage of 500 passengers/h and a cycle time of 2.5 h. It is operated with buses having a seating capacity of 50 passengers. The operating cost is $60/bus –h and the transit operator believes that passengers value waiting time at $10/h. The ratio of maximum load to the total number of passengers boarding is 0.60 and the operator’s maximum load factor standard is 1.20. Determine the capacity headway, the headway that minimizes the sum of operating costs and passengers’ time costs, and the actual headway to be operated. All headways are to be rounded off the nearest minute.
How would a small business manager utilize game theory in making a decision? How can game theory be applied to forecasting outcomes?
Apple Inc., a company listed on the stock exchange which recently did not give dividend to shareholders and yet investors are willing to buy their shares. How is this possible? Does this violate the basic principle of stock valuation? Discuss.
After reading: “When Is “Everybody’s Doing It” a Moral Justification?” in the text, consider "How common is it for people to try to justify their conduct with the argument that “Everybody’s doing it”?
Jamie Gibson, executive housekeeper at The Regency, usually starts his workday at 8:00 A.M. with a department meeting. These morning meetings help him and the employees to visualize their goals for the day. What should Jamie do to maintain standards ..
Quality Tool Analysis Identify your problem statement and complete a root-cause analysis. Identify which quality tools you used to identify and vet the problem. Explain the quantitative and qualitative tools you used and provide a summary of how you ..
Enrollment in a particular class for the last four semesters has been 120, 126, 110, and 130. Suppose a one-semester moving average was used to forecast enrollment
Compute the takt time for a system where the total time per shift is 430 minutes, there is one shift, and workers are given two 18-minute breaks and 25 minutes for lunch. Daily demand is 228 units.
You are opening a fitness center. Because you have limited financial resources, you need to use your promotion budget carefully. Write a press release to send to the local newspapers and radio and television stations.
What are some of the tools used in organizational memory management?
research a top multinational company in the world including its international strategy over the last 10 years. using
What are the chief elements of the strategy that Whole Foods Market is pursuing?
Explain cost/benefit analysis and discuss how it is used in internal assessments. When is cost/benefit analysis most useful and least useful in an internal assessment?
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