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Consider the NYPD case. Assume, the managers decide to devise a performance metric that considers the i) waiting time before a patrol car is dispatched, and ii) the size of the precinct at the same time. More specifically, they would like to minimize the sum of the weighted time in queue as the metric for allocation, wherein the size of the precincts are used as weights.
(a) Set-up a Solver model to find the best way to allocate 20 cars across 6 precincts, solve the model to find the optimum allocation, and send the Excel file you use to solve the problem by e-mail. (Assume all calls are responded to in a FCFS manner.)
(b) Repeat part (a), but this time, assume the emergency (i.e., high-priority) calls are assigned patrol cars with priority. Also assume that the waiting times for high-priority calls are 300 times as important as the regular calls.
A consumer organization wants to develop a regression model to predict gasoline mileage (MPG) based on the horsepower of the car's engine and the weight of the car.
Identify three good investment opportunities for the organization. Obtain a short-term loan to purchase materials. Assess the level of inventory to be kept on hand.
Determine the appropriate hypothesis tests to be used in four research projects described below. In selecting the appropriate test
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Describing the hardware and software used to support personal, workgroup and enterprise computing within your current organization, an organization with which you are familiar or an organization that you can interview to gather the necessary infor..
Critically analyse the role of different stakeholders in tourism planning and policy
In a typical 8 hour work day, how much time in total will the cashier be idle? How many customers on average are waiting in line to pay?
Interest is paid annually, the bonds have a $1,000 par value and the coupon interest rate is 10%. The bonds sell at a price of $850. Illustrate what is their yield to maturity?
Determine the Measures of central tendency: mean, median, and mode and measures of dispersion: range, top 20th percentile, and standard deviation
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