Scored a coveted internship at the chamber of commerce

Assignment Help Operation Management

Reference no: EM13903297

You've scored a coveted internship at the Chamber of Commerce. One of the projects you're working on is putting together a budget for a Legislative Tour that's coming up in several months. The transportation during the tour will be provided by Salt Lake Express who has three sizes of buses: small, medium, and large. They rent out their buses per day (not per mile). Their rates are as follows:

Small = $450/day
Medium = $550/day
Large = $650/day

The small buses can fit 16 people, the medium buses can fit 29, and the large fit 55 people. It's expected you're going to have 135 people on the first day of the tour, 150 on the second day of the tour, and 120 people on the final day of the tour. Based on this information, design a configuration of rented buses that meets all the anticipated demand and minimizes the cost. What is the total 3-day cost of this optimal configuration?

Reference no: EM13903297

Questions Cloud

How you might analyze a capital budgeting decision : Explain how you might analyze a capital budgeting decision where the cash flow data are nominal (including expected inflation of, say, 3 percent per year) but the quoted cost of capital of 10 percent per year is real.

Is there sufficient evidence to justify the rejection : Determine the P-value for this test. Show all work; writing the correct P-value, without supporting work, will receive no credit. Is there sufficient evidence to justify the rejection of H0 at the significance level of 0.05? Explain

What is wrong with the executives statement : If our earnings go down, our stockholders are hurt because stock prices will fall, and our managers will be hurt because their bonuses are tied to earnings.'' What is wrong with the executive's statement?

Use for my production management class : Introduce a new product or use one that is out n the market. I have to create a presentation introducing this new product utilizing the Quality function deployment model. I am looking to find one that is already done and i can modify to use for my p..

Scored a coveted internship at the chamber of commerce : You've scored a coveted internship at the Chamber of Commerce. One of the projects you're working on is putting together a budget for a Legislative Tour that's coming up in several months. The transportation during the tour will be provided by Salt L..

The demand of each store and the transportation cost : "Milky Milk" has three (3) warehouses and five (5) retail stores. The company needs to transport its milk tanks from the warehouses to the stores. The supply in each warehouse, the demand of each store and the transportation cost per gallon from each..

Calculate the net present value of the software project : Megatech, a computer software developer, is considering a software development project that requires an initial investment of $200,000. Calculate the net present value of this project.

A warehouse is to be located somewherare : A warehouse is to be located somewherare in your hometown.What factors do you think should be evaluated in making the selection of a particular site?

Summarize the provisions of osha''s control : Summarize the provisions of OSHA's Control of Hazardous Energy standard (1910.147). List three or four types of hazardous energy that should be considered when authoring a control of hazardous energy (lockout/tagout) program with examples of each typ..

User Account

All Pages