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JetRed Airways flies several daily flights from Philadelphia to Chicago. Based on historical data, the flight on Wednesday evening before Thanksgiving is always sold-out. However, there are usually no-shows so the airline decides to improve revenues by overbooking. The no-shows are Poisson-distributed with mean 8 and the airline estimates that the cost of bumping a passenger is about 10 times more than ticket price. Suppose 6 seats are overbooked. How many seats can JetRed expect to have empty, on average (find they expect loss sales)?
Malpass International has been reliant on a legacy human resource management database for the past 12 years. Now, senior management has approved funds for a complete replacement.
What external environment (general, industry, and competitive) segments do you think BP considered or didn't consider prior to their drilling off the Gulf Coast?
What are the three basic functions of a firm/organisation? Do all firms/organisations (private, government, not-for-profit) perform these three functions?
Which of the following best describes and expatriate?
Write generalized form of transportation problem as LP problem. Also explain how to solve degeneracy in transportation problem.
What are the three elements that require integration to be successful in operations and supply chain management?
Explain what a "gap analysis" is including how gaps are defined and measured. Be sure to address how gap analysis relates to needs, requirements, design, project scoping, evaluation and evaluation planning.
Discuss actions you could take to bring more players into an existing strategic "game."
Continuous improvements will often require new organizational capabilities. Identify two areas relating to information processing where continuous transformations will be needed to implement lean manufacturing. Explain why.
Come up with a staffing plan for your new IT department. Consider managers as well as admin and help desk workers. You are supporting 100 employee’s companywide so we CANNOT ADD 25 or more employees to the payroll.
describe the tasks, and responsibilities of your dream job related to your academic major
Define both strategic plan and operational plan in terms of "breadth,""time frame," and "specificity." What level of management is more apt to do each type of plan?
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