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You manage a hotel with one reception desk. On a typical day, you receive on average 8 customers per hour. It takes on average 6 minutes to check-in the customer. For the sake of this problem, we assume that checking-in ONLY happens daily between 2:00-5:00pm. Assume that the inter-arrival times between customers are exponentially distributed, and that the time to check-in is also exponentially distributed. a) What are the demand rate and service rate at the reception? What is the utilization of the reception desk during checking times? b) What is the average time that a customer has to wait before actually being served? You often drop by at 3:00pm to monitor the reception, how many customers do you expect to see at the reception (checking-in or waiting to check in) at this time? c) Suppose the cost of waiting in the queue is estimated to be $2/min/customer. The hotel is considering buying an automated checking-in system that will cost $100,000/year. The automated system is expecting to reduce checking-in time from 6 minutes to 4 minutes. Is it worth it? Assume 1 year = 300days
Explain the concept of structural holes and it affects value creation and value extraction. Based on this discussion, determine some of the skills essential to be a successful general manager.
The owner of Genuine Subs, Inc., hopes to expand the present operation by adding one new outlet. She has studied three locations. Each would have the same labor and materials costs of $1.60 cents per sandwich.
Identify three (3) different strategic controls that a company should implement, and describe how each control will help the company stay on track with the implementation of its overall strategy.
boralis manufacture backpacks for hikers. the demand for its products during the peak period of march to june of each
You have a legal fiduciary responsibility to your company to maximize your profit. What should you do?
what are the various methods one can use to identify the shape of data distribution collected for research study? why
(1) Define the term, transfer of learning. (2) A critical issue in training is the transfer of training, and ethics training is no exception. How could the transfer of ethics training back to the workplace be maximized?
What does Bagelz have to do to support franchisees and what does a franchisee bring to the relationship with Bagelz?
Do you think that the ISS Clinic investment in electronic medical records added value for the organization? How would you recommend measuring this "value"? If you do not think that it adds value, what are your recommendations for the system usage ..
You have been asked to provide a system for making fresh brownies for a church youth group fund-raiser. Since you are known to be a student at UST, the Youth Council has asked you to plan the brownie project.
An initial solution has been given to the following workcenter layout problem. Given the fl ows described and a cost of $2.00 per unit per foot, compute the total cost for the layout.
what is the weekly savings from forecasting just the components and options as compared to the potential number of finished products.
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