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The Schmedley Discount Department Store has approximately 300 customers shopping in its store be¬tween 9 a.m. and 5 P.M. on Saturdays. In deciding how many cash registers to keep open each Satur¬day, Schmedley's manager considers two factors: customer waiting time (and the associated waiting cost) and the service costs of employing additional checkout clerks. Checkout clerks are paid an average of $8 per hour. When only one is on duty, the wait¬ing time per customer is about 10 minutes (or 1/6 hour); when two clerks are on duty, the average checkout time is 6 minutes per person; 4 minutes when three clerks are working; and 3 minutes when four clerks are on duty. Schmedley's management has conducted cus¬tomer satisfaction surveys and has been able to estimate that the store suffers approximately $10 in lost sales and goodwill for every hour of customer time spent waiting in checkout lines. Using the information provided, determine the optimal number of clerks to have on duty each Saturday to minimize the store's total expected cost.
Draw a graph for the problem and clearly identify the feasible solution space. Then calculate, by hand, showing all workings - Formulate as a linear programming problem.
why is operations management relevant to managers in other organization functions?
Suppose the hospital currently buys trays in batches of 200. What is the annual saving achieved by adopting the optimal policy of part a? ($144)
What would be the advantages or disadvantages of Honda and Toyota using the same engine standard?
Define competitive advantage. Illustrate what might competitive advantage be for each of subsequent companies. Be specific
Your company has a market share of 25%. The total market size is $100 million. Your contribution margin (the ratio of the contribution per unit over the price per unit) is 20%.
The length of each rod in the samples was decided. The results were tabulated and sample means and ranges were computed. The results were. Decide the upper and lower control limits and the overall means for ? charts and R - Charts.
Discuss possible components to an expatriate career package which would make this move more attractive. Explain principles of non male efficiency, beneficence, autonomy also justice. Use examples for each.
Describe a specific example of the trade-offs between any two of the competitive dimensions.
List the strategic objectives of aggregate planning. Which one of these is most often addressed by the quantitative techniques of aggregate planning? Which one of these is generally the most important?
which serves both types of customers and the service times follow exponential distribution with a mean of 10 minutes. if a type 2 arrives and the type 1 being served, what is the distribution of the waiting time for this time 2 customer?
Elucidate what is the Pygmalion Effect as it relates to leadership also management. Why is the Pygmalion Effect important when implementing a Strategic Quality Management initiative or any change initiative.
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