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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.3
Describe the importance of project sponsorship and leadership when it comes to escalating decisions during a project, and provide professional examples of escalation where possible.
What are examples of virtues, values, and moral concepts? How do each of these relate to one another? In what ways are they separate and in what ways are they connected?
what strategies have been used to promote collaboration at your place of employment or a company you are familiar with?
In order to assess the operational and cost effectiveness of your supply chain it will be necessary to MEASURE progress. How do you go about creating a measurement protocol and how often would you apply it?
From a managerial perspective, what happened and why? Also, why is it so important for Apple to increase its market value? What might happen if Apple cannot recoup its losses? Thoughts on Director and Executive compensation at Apple?
A key question for any agency that received government funding explain how would they be able to continue to offer services if government funding was reduced or taken away all together.
two students decide to open their own copy-service business. the annual fixed cost is $54,000 and the average variable cost for each copy sold is $.08. they expect to sell each copy at $.12 per copy.
Additionally, cash dividends declared and paid during Year 2 totaled $165,000 of which $15,000 were preferred dividends. The market price of a share common stock on December 31, Year 2 was $180,000.
Formulate a spreadsheet model that will give the profit in part b for any of the two numbers. Use the Excel goal seek command to calculate the break-even point found in part a.
A time study analyst observed a job that is performed continuously and found an average time of 6 minutes per cycle for a worker she rated at 95 percent. What standard time is applicable for that operation?
Explain why it is important to gain employee cooperation before beginning a job analysis program. Describe other issues and means that can aid in the job analysis process.
The study of global business is relevant if you work or plan to work in a large multinational company, but it has little or no significance for individuals who work in smaller national firms. Do you agree or disagree? Defend your argument with at ..
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