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A forest fire is burning down a narrow valley 3 miles wide at a speed of 40 feet per minute. The fire can be contained by cutting a firebreak through the forest across the valley. It takes 30 seconds for one person to clear one foot of the firebreak. The value of lost timber is $4,000 per square mile. Each person hired is paid $12 per hour, and it costs $30 to transport and supply each person with the appropriate equipment.
a. Develop a model for determining how many people should be sent to contain the fire and for determining the best location for the firebreak (draw a picture first).
b. Implement your model on a spreadsheet and find the optimal solution using Solver.
Describe how the components of the Hawthorne study are incorporated in current human resource functions? What was the main idea behind this study?
Will the widespread use of yield management eventually erode the concept of fixed prices for any service?
Meanwhile the % of rooms sold for full price compared to the discount would be 100-2X (some people would wait to book gambling a discount would happen). Find the ideal discount %.
Before considering any major capital expenditure, going through the process of drafting a Request for Proposal (RFP) is a key step. It is critical to plan this document carefully and think through all the needs for the project.
Illustrate what is the productivity. Illustrate what is the main assumption that requires holding true in order for these computed answers to be valid.
What is the difference between a stock dividend and a stock split? As a stockholder, would you prefer to see your company declares a 100 percent stock dividend or two-for-one split? Assume that either action is feasible.
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.
a manufacturer makes two products, windows and doors. Each must be processed through two work areas. Work are #1 has 48 hours of available production time.
Draw a decision tree showing the decisions, chance events, and their probabilities, as well as the profitability of outcomes, and solve the decision tree
Prepare a 1,050- to 1,400-word paper in which you address the following for your selected organization.
What is the average time that a vehicle musht wait to get through the system? C) What is the utilization of the inspector? D) What is the probability that when you arrive there will be three or more vehicle ahead of you?
The probabilities associated with the states of nature are 0.25 for a big demand, 0.55 for an average demand, and 0.20 for a small demand.
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