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Customers arrive at a fast food restaurant with one server at a mean rate of 30 per hour. The server has just resigned, and the two candidates for the replacement are X (fast but expensive) and Y (slow but inexpensive). Both candidates would have an exponential distribution for service times with X having a mean of 1.2 minutes and Y having a mean of 1.5 minutes. Restaurant revenue per month is given by $6,000/W where W is the expected waiting time (in minutes) of a customer in the system.Determine the upper bound on the difference in their monthly compensations that would justify hiring X rather than Y.
She estimates that the new layout will cut the amount of walking for the average employee by 100 miles per year. Explain how much will the layout improvement be worth.
Use EPQ to calculate the the order quantity? What is the total annual inventory cost of the EPQ plan?
Finco must determine how much investment also debt to undertake during next year. Each dollar invested reduces NPV of company by 10¢, also each dollar of debt increases NPV by 50¢.
Which location would minimize the total costs, given an annual productoi of 50,000 units? For what levels of manufacture and distribution would each location be best?
A3 - B11 - C7 A D 13 B, C E10 B F6 D G5 E H 8 F, G b. Calculate the slack for each activity. Which activities are on the critical path?
Recently, to broaden its appeal, Food Fare added barbecue, seafood and steak to its menu. Required For each case, classify important structural cost drivers for business and related strategic issues that it should address to be competitive. Explai..
As a result people staying at the resort often go to the front desk n concierge areas n occasionally to the coffee shop counter with water dripping from their wet bathing suits. Calculate the success or failure of your choice.
Design a total rewards program based on an existing organization that you have studied earlier in the course or, with the instructor's permission, a different organization.
Analyze recent failures in the global financial system and make at least one recommendation for systematic change that would prevent such failures from happening in the future
Whole Foods buys organics beets from two suppliers, one in Ames and one in Zearing. The price per unit of the Ames beets is $4.50 and the price per unit of the Zearing beets is $7.00.
Define the business research and its purpose. Discuss the business problems under investigation. Explain the data collection methods used in the research project.
The time among arrivals of regular fliers is also exponentially distributed with a mean of 4 min. At the check in counter, travellers wait in a single line until one of the 5 agents is available to serve them. The check in time follows a regular d..
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