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Q. A local restaurant has a 80 percent customer retention rate. Their accounting department estimates incremental contribution to profit also overhead as 30 percent. On average, customers dine at restaurant every two months with a spending of $40 per visit. Determine average value of a loyal customer.
Q. Compute raw material price also usage (quantity) variance also direct labour quantity variance for Milton Industries' key product
Q. Illustrate what is maximum number of application per hour which can be handled by present configuration of process?
Develop your own original Linear Programming problem with the minimum of two variables and two constraints.
Minimal-spanning tree technique and Shortest-route technique
Determine the problem as stochastic dynamic programming problem. Specify phases, states, decisions and the optimal value function.
Illustrate what would you do as the NEW CEO to restore the organization to a consistently profitable position. Consider specifically the possible role "contingency variables" also the "learning organization concept" might play in your actions.
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..
Illustrate what are the major pros also cons of JIT also lean manufacturing systems. Illustrate what do they have to do with non value added or wasted activities.
Sketch the results of a sensitivity analysis
Graphically decide a daily production plan that minimizes the cost of meeting Leary Chemical's daily demands.
Illustrate what is optimal solution. Elucidate how will spreadsheet model differ from 25 types of tables also 15 machine processes involved in manufacturing them.
A large bakery buys flour in 25-pound bags. The bakery uses an average of 1,215 bags a year. Preparing an order and receiving a shipment of flour involves a cost of $10 per order. Yearly carrying costs are $75 per bag.
Assume the packing of the two components is totally automated also is small enough which you can ignore it. Illustrate what is the average hourly o/p, in terms of the number of units of packaged product (which includes one component A also one com..
Elucidate however, there is not enough money for a full-blown, cross-functional enterprise application, also you will need to limit first step to a single functional area or constituency. Illustrate what will you choose, also why.
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