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Cheapest Car Rental rents cars at the Chicago airport. The car rental market consists of two segments: the short-term segment, which rents for an average of 0.8 weeks, and the medium-term segment, which rents for an average of 2 weeks. Cheapest currently rents an average of 200 cars a week to the short-term segment and 100 cars a week to the medium-term segment. Approximately 20 percent of the cars returned (evenly distributed across both segments) are found to be defective and in need of repairs before they can be made available for rent again. The remaining cars, not needing repairs are cleaned, filled with gas, and made available for rent. On average, there are 92 cars waiting to be cleaned (or in the cleaning process). The average cost of this operation is $5 per car. Cars needing repair spend an average of two weeks out of service and incur an average cost of $150 per car. Assume that cars are rented as soon as they are available for rent, that is, as soon as they have been cleaned or repaired. Short term renters pay $200 per week (not $200 per rental - rental time is shorter than a week), while medium term renters pay $120 per week. Assume each car loses $40 in value per week due to depreciation. What is the average weekly profit rounded to the nearest whole dollar?
Training Design The Role of Objectives Being able to write valid objectives takes time, practice, and experience.
Kathy Lentz, Rob Snyder, and Tom Rohm were all general partners in a consulting business. Each partner owned one-third of the business. The partnership agreement stated that all three partners must approve vouchers for payments in amounts exceeding $..
Content can be used to support the development of language. Discuss how you might use content to support the language needs of your ELLs.
What is the length of the inventory cycle if the Hotel uses an order quantity of 750 units?
Summarize Bolman and Deal’s Reframing perspective by addressing the following questions: Why is the framing perspective important? How does it help managers to understand better the challenges and conditions they face? What are the key features of th..
Culture provides a sense of identity to members and increases their commitment to the organization; provides a means for employees to interpret the meaning of organizational events; reinforces the values of the organization; and _________________.
How would you deal with uncertain capacity decisions that affects the facility size and organization (e.g., suddenly increasing or decreasing demand for your product, major change in the availability of labor, a local supplier goes bankrupt).
Describe the reinforcement perspective and social learning theory and how they can be used to motivate employees.
Per the Codification, what is considered the normal capacity of production facilities? How should unallocated fixed overhead costs be treated?
Many firms fail when they enter into strategic alliances with firms that link up with companies based in other countries. What are some reasons for this failure? Provide an example.
What are the social and cultural consequences of advertising?
Consider the list of jobs below. In your opinion, what is the appropriate span of management of each? Describe the factors you considered in reaching your conclusion. A physician practices medicine in a privately owned clinic, while also supervising ..
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