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A crew of mechanics at the Highway Department garage repair vehicles that break down at an average of ? = 8 vehicles per day (approximately Poisson in nature). The mechanic crew can service an average of µ= 11 vehicles per day with a repair time distribution that approximates an exponential distribution. The crew cost is approximately $300 per day. The cost associated with lost productivity from the breakdown is estimated at $150 per vehicle per day (or any fraction thereof). What is the expected cost of this system?
A hotel purchases 18,000 gallons of a cleaning product per year. Each gallon costs $10 and the cost of holding one gallon for a day is estimated to be $0.50. Ordering cost amounts to $30 per order.
explain in detail how two other factors specific to this company might make it difficult to evaluate the financial impact of this strategy.
With respect to the product decision, managers must be able to accept risk and tolerate failure. Why did the LRC decide that RAs and CDAs were employees. Do you agree with the LRC decision.
Suggest two reasons why it is necessary for business organizations to act ethically, and provide support for your rationale.
Are any constraints redundant? If so, which one or ones? (d) What is the total cost of a package of dog biscuits using the optimal mix?
The lead time for paper delivery is normally distributed with a mean of 4 days and a standard deviation of 1 day. A 97% service level is expected. Compute First's ROP.
What does the future look like for HCIT in terms of software development, education, research, and practices? What challenges could arise? Respond to at least two of your classmates' postings.
Paddy's was forced to buy the beer from another source at $55 per keg. What are Paddy's Article 2 damages? Please explain.
At what volume of output would the two alternatives yield the same profit? c. If demand is 13000 unites, which options yeilds a higher profit and how much?
Describe the four options highlighted in the case in terms of their feasibility, acceptability and vulnerability.
The local convenience store makes personal pan pizzas. Currently, their process makes complete pizzas, fully cooked, for the customer. This process has a fixed cost of $20,000, and a variable cost of $2.00 per pizza.
What is CEO Toback's most pressing concern and how could he go about addressing this concern?
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