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Q. People arrive at the airline terminal. There are 2 types of customers: Regular also frequent flyer. The time between arrivals of regular customers is exponentially distributed with a mean of 2 minutes. The time between arrivals of frequent flyers is also exponentially distributed with a mean of 4 minutes. At the check-in counter, travellers wait in a single line until one of five agents is available to serve them. The check-in time (in minutes) follows a triangular distribution with parameter values of (3, 6, also 9) also (3, 4, 5) for regular also frequent flyer customers respectively. The airport terminal operates for 16 hours during the day (between 6 am also 10 pm). The 16 hours are divided into 2 8 hour shifts. Agents are given one 15 minute (coffee) also a 30 min (meal) break. The coffee breaks are staggered, starting at 90 min into every shift. Meal breaks also staggered starting 3.5 hrs into every shift.
Create a simulation model of this system. In the simulation, draw a simple layout of the above system.
Compute the economic production quantity. Compute the annual minimum total cost. How many working days does each production run take? What is the level of maximum inventory? What is the cycle time.
What is your philosophy of proper business ethics? Develop at least five different points or arguments that support your thinking. Use outside research, textbook analysis and our course as a resource.
Sales are given in millions of dollars; profits are in hundreds of thousands of dollars. Computes a regression line for the data. Elucidate what is your forecast of profit for a store with sales of $24 million? $30 million.
the stamping machines are expected to have 90 percent efficiency considering adjustments, changeover of patterns, and unavoidable downtime. How many stamping machines are required?
Elucidate what is the recommended production rate if a level strategy is adopted with no backorders or stock counts. Elucidate what is the ending inventory for month 4 under this plan.
Let's say your market research firm is hired to assist retail store that is interested in revamping their overall store format in an effort to keep people in their store longer.
Briefly describe DIMCO's supply chain, What are the advantages that DIMCOO can gain by implementing supply chain management?
Cite industry examples for at least two of the six Supply Chain strategies introduced in class and a brief description is expected for each example.
Suppose which Always Rain Irrigation's marketing department will undertake an intense ad campaign for the bronze sprinklers which are more expensive however also more durable than the plastic ones. Forecast demand for the next four years.
(a) Compute MAPE for management's technique, (b) Do management's results outperform (ex have smaller MAPE than) a naive forecast?, (c) Which forecast do you recommend, based on lower forecast error?
Frank Hurley is the farmer with 250 acres on which he wishes to plant wheat and corn to maximize his expected return for season. Based upon the output, what key points would you recommend to Frank?
Compute the economic advantage of the alternative recommended by you in part a) above over the other alternative.
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