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Next week, Super Discount Airlines has a flight from New York to Los Angeles that will be booked to capacity. The airline knows from past history that an average of 25 customers (with a standard deviation of 15) cancel their reservation or do not show for the flight. Revenue from a ticket on the flight is $125. If the flight is overbooked, the airline has a policy of getting the customer on the next available flight and giving the person a free round-trip ticket on a future flight. The cost of this free round-trip ticket averages $250. Super Discount considers the cost of flying the plane from New York to Los Angeles a sunk cost. By how many seats should Super Discount overbook the flight?
Illustrate what, if any, are the major barriers to implementing a lean system at Copper Kettle Catering. Illustrate what would you recommend that Wayne also Janet Williams do to take advantage of lean concepts in operating CKC.
Find out the probability that full-fare Demand F is less than X*, the ideal number of seats that should be set aside for full fare passengers.
The PMI Code of Ethics is made up of four areas: responsibility, honesty, respect, and fairness. Discuss the area of respect and what it means for you, the project manager.
Identify and describe formal and informal types of communication flows and explain how each affects organizational behaviour.
Choose a firm which became an MNE with location advantages and depict the steps the firm took in a specific country(s) to accomplish
Explain how decisions concerning span of management, the use of committees also coordination techniques affect organizational structure.
Illustrate what is the break-even point in dollars. Illustrate what does business intelligence mean in the context of management also information systems.
What are the risks of bypassing the steps in decision-making model provided? Under what circumstances would it be appropriate or inappropriate to use a decision-making model?
With the better quality shirt also $25 selling price, illustrate what volume is necessary in order for Riverview to earn a $7,000 profit on the shirt product line.
Install a computer system to do the information processing. This will speed up each ceremony by 40 %. The city already owns the hardware; it will cost $100 per day to operate the system.
What is the average time spent by each order waiting to be processed? Assume that the orders coming in are either small or large. Small orders are for an average of $500 and large orders are for an average of $5,000
Explain why profits have been down recently, including possible causes of the decline. He also desires to know illustrate what he would need to do if he decides to downsize he operation.
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