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The organizers of a conference in the Houston Convention Center are evaluating the possibility of setting up a computer area where attendees can check their e-mail on computers provided by the organization. There will be one common queue for all computers and only one person uses a computer at a time. On average there are 19 attendee arrivals per hour and the average time a person spends on the computer is 14 minutes
(a) To ensure that waiting times are not too long, the organizers want to ensure that the utilization of the computers doesn’t exceed 80 percent. At least how many computers do they need to have?
(b) The organizers of the conference have decided to buy 7 computers. Assume that the standard deviation of arrivals is equal to the average inter-arrival time, and the standard deviation of processing times is equal to the average processing time. What is the average waiting time to check e-mails?
Analyze the process of statistical quality control and determine which part of the process would be most difficult for you personally as well as what steps you could take to mitigate the anticipated difficulty.
The weekly demand of a certain consumable item XYZ at NAS North Island follows Poisson distribution with a mean of 5. The demand at NAS Miramar follows the same distribution with the mean of 6. Assume that the inventory is monitored continuously and ..
Ray's Satellite Emporium wishes to determine the best order size for its best-selling satellite dish (model TS111). Ray has estimated the annual demand for this model at 850 units. His cost to carry one unit is $65 per year per unit, and he has estim..
If seasonal variations are present, is their incorporation into MRP fairly simple or fairly difficult? Explain briefly.
Describe Mistine’s target market(s), and specify its mains competitors in each segment. Based on the SWOT analysis provided in the case, what are the key issues Mistine should address in its strategic planning as it looks to continue its growth and d..
Contemporary best-selling management books often argue that customers are the most important element in the external environment. Do you agree? In what company situations might this statement be untrue?
In general, managerial accounting differs from financial accounting because it is internally focused as opposed to externally focused. Managerial accounting (or strategic cost analysis) is centered on decision making and the management of the firm.
AutoPartsWarehouse.com sells chrome rims for $1,330 (for a set of 4) and uses a markup of 80% on selling price. What will be the percent markup on cost? Report your answer as a percentage and round to the nearest percent.
You are calculating the estimated time to completion for a project of 15 months’ duration and a budgeted cost of $350,000.
Every organization that provides a service or sells a product may benefit from innovation and improvement ideas.
Universal Claims Processors insurance claims for large national insurance companies. Formulate a linear programming model for this problem.
After a 1933 Act registration statement has been declared effective, an issuer may sell the security to an investor only if the investor has received a copy of the final prospectus.
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