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A company has started a phone service that uses overseas doctors to provide emergency medical consultations. The responding doctors are based in a country with low wages but with a highly skilled pool of physicians. Responding to each call takes on average 15 minutes. At any given time, there are 4 doctors overseas on duty. Calls arrive every 5 minutes on average (standard deviation is 5 minutes). The company receives $50 from the patient's insurance company for each consultation. If one of the 4 overseas doctors is available, the firm pays $20 to the doctor and makes $30 in profit. If no doctor is available overseas, the call is rerouted to the U.S. where a local physician answers the question. A local physicians is always available to take a call. In this case, the firm pays the $50 to the local physician, so there's no profit for the company.Q: What would be the additional profit per hour if the company managed to have 10 doctors overseas on duty at any given time?
Harley Davidson has excess capacity of 5,000 hours of use of machinery. Which motorcycle should it produce?
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Mona wants to negotiate a bearer instrument in her possession to Nat for an order instrument in Nat's possession. Indorsements are required to negotiate
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Define the decision variables and write the linear program appropriate for maximizing monthly profit contribution
On each part, a backup can be installed for $30, and has a reliability of 50%. Should the company install the backup?
What are some considerations that (you) could take in developing and implementing an accident prevention program for plant personnel?
When applied to non-management employees, which of these has a relatively WEAK connection between the reward and individual effort?
As explained on the Help screen for the Cash Flow Statement, if a company generates revenues of $240 million in Year 11, revenues of $280 million in Year 12
The reorder point is defined as the lead time demand for an item. In cases of long lead times, the lead time demand and thus the reorder point may exceed the economic order quantity
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