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The local hospital's emergency department has 5 trauma bays. On average, patients requiring a trauma bay arrive every 50 minutes (with a coefficient of variation of 1, no seasonality exists). If the hospital has an available trauma bay, it is immediately allocated to a needy patient. If there are no trauma bays available, the patient is sent to another hospital. On average, a patient's length of stay in a trauma bay is 2.0 hours (with a standard deviation of 1.5 hours). The hospital's emergency department operates 24 hours a day. a What fraction of the patients requiring trauma bays end up being sent to another hospital? b How many patients are treated in the trauma bays on an average 24 hour day? c The hospital updated operating procedures for staff, reducing the standard deviation of the length of stay in a trauma bay from 1.5 to 1.2 hours, but the mean remained at 2 hours. How will this training program affect the number of patients who have immediate access to a trauma bay? d New state regulations require that every emergency department be able to accommodate at least 99.5% of all patients needing a trauma bay with no waiting. What is the minimum number of trauma bays necessary to meet this requirement? (Assume that the time spent in the trauma bay cannot be changed from the original mean of 2.0 hours.)
What is the Economic Order Quantity technique and what are the basic assumptions the model formula follows? What are some different companies that could benefit from using this type of inventory management and why?
GIVE a new trend that the target market is pushing.... What kind of marketing approach is the hotel business using. Please explain in YOUR OWN WORDS.
An assembly line currently has five workstations and the time required for each is shown below. 1: 48 seconds, 2: 38 seconds, 3: 44 seconds, 4: 56 seconds.
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.
Using the Internet or library sources, evaluate the quality of the corporation in terms of management, the board of directors, and shareholder activism. Are the issues you list favorable or unfavorable for cound corporate governance?
Evaluate the various claims made by the union and counterclaims made by the company regarding the charges of unfair labor practices
According to the Strategic/Consultative Selling Model, what are the three prescriptions for developing a successful personal selling philosophy? List and briefly describe the four major sources of sales training.
However, such Pull-Systems leave a company very vulnerable to disruptions in the supply chain. Discuss this approach to Inventory control and ways to mitigate disruptions in the supply chain
Illustrate what are determining factors that may lead to a decision to proceed with outsourcing. A gift shop sells 1000 boxes of scented candles a year.
In a second column, indicate whether you consider each ratio to be a strength, a weakness, or aneutral factor for McDonald's.
Illustrate what is Strategic Capability. Elucidate how Resources also Competencies ensure Strategic Capability.
As the marketing manager for the manufacturer of a new line of computer jump drives, Elucidate what strategy would you use to get your channel members to promote your product.
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