Q. We are selling ticket for a flight from HK to Shanghai. Our plane has 150 seats also we know which during the weekend we can sell all tickets however because of last minute cancellation our plane may depart with several empty seats. To cope with this issue, managers are considering overbooking policy which means to sell more than 150 seats to customers. Suppose which regular price for one seat for departure on Saturday is $220. If customer cancels his/her reserved seat, we would charge him/her 20% of the regular fare. In the case which more passengers than 150 available seats describe how on the day of departure, we will give a ticket with the value of $500 to passengers who could not board on the plane (still you charge them $220). Distribution of the number of no-shows is given in the subsequent table. Elucidate what is the optimal number of overbooked seats?

No. of no-shows Cumulative Probability

1 0.02

2 0.07

3 0.16

4 0.31

5 0.50

6 0.69

7 0.84

8 0.93

9 0.98

10 1.00

Elucidate what vertical integration method would you pursue : Suppose which you decided to use a conventional method going through major retailers such as Best Buy, Sam's Club, etc. Elucidate what vertical integration method would you pursue to minimize channel conflict. |

Describe how many trucks to send from every warehouse : Keep in mind which every warehouse does not have to be used. Formulate an LP program also solve this problem. |

Assessing the overall financial health of an organization : Assessing the overall financial health of your organization and determine what are good and bad signs, if any, in your outlook? |

Find out the economic order quantity : The cost to place also process an order from the supplier is $75. The Corporation operates 300 days per year also the lead time to receive an order from the supplier is 2 working days. Find out the economic order quantity. |

Elucidate what is the optimal number of overbooked seats : Distribution of the number of no-shows is given in the subsequent table. Elucidate what is the optimal number of overbooked seats. |

Elucidate what is the economic order quantity : A distributer of large appliances needs to determine the order quantities also reorder points for the various products it carries. Elucidate what is the economic order quantity. |

Taxation and savings incentives in economic growth : British Prime Minister Lady Thatcher planned a poll tax that levied an equal amount of tax on every citizen regardless of his or her income. |

Elucidate what will be the cedar product demand next year : For this question suppose which all 699 of units of Cedar are sold in the Nano segment. If the competitive environment remains unchanged. Elucidate what will be the Cedar product's demand next year (in 000's). |

Elucidate what is the minimum price the product could have : Elucidate what is the minimum price the product could have been sold for to cover the unit cost, period expenses also overhead. |

## Basic research methodologies-difference in qualitativeDescribe the key characteristics and differences of the qualitative, quantitative, mixed, and action research methodologies. |

## Elucidate what is the economic order quantityA distributer of large appliances needs to determine the order quantities also reorder points for the various products it carries. Elucidate what is the economic order quantity. |

## Research methods-root causes and research instrumentsDetermining potential methods of researching the issues, identifying the root causes of the issues, and determining the appropriate research instruments to collect data are all discussed. Examples are provided with the explanations. |

## Lessons from operations managementThis solution offers the student with a brief overview of most important thing you could learn from operations management (as well as an example). It's approximately 230 words and one reference is included. |

## Pert/cpm techniquesDiscuss the use of PERT/CPM techniques for managing projects. Describe what PERT/CPM does. Discuss advantages and disadvantages of using it. |

## Calculate the economic production quantityCompute 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. |

## Peer-reviewed article that reports original researchIllustrate the business research and its purpose. Describe the business problem(s) under investigation. |

## Elucidate daily profit when producing optimal amountProfits are 40 cents for a box of Deluxe crackers also 50 cents for a box of Classic crackers. Elucidate what is daily profit when producing optimal amounts. |

## Four essential elements of contractIdentify and define each of the four essential elements of a contract. Use the facts of the case to explain whether each of these elements is present and whether a contract has been formed. |

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd