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Cheapest Car Rental rents cars at the chicago airport. The car rental market consists of two segements: the short term segement, which rents for an average of .5 weeks, and the medium term segment, which rents for an average of 2 weeks. Cheapest currently rents an average of 200 cars a week to the short term segment and 100 cars a week to the medium term segment. Approximately 20% of the cars returned (evenly distributed across both segments) are found to be defective and in need of repairs before they can be made available for rent again. The remaining cars not needing repairs are cleaned, filled with gas, and made available for rent. On average, there are 200 cars waiting to be cleaned. The average cost of this operation is $5 per car. Cars needing repairs spend an average of 2 weeks in the repair shop and incur an average cost of $150 per car. Assume that cars are rented as soon as they are available for rent, that is, as soon as they have been cleaned or repaired. Short term renters pay $200 per week, while medium term renters pay $120 per week. Indentify throughput, inventory and flow time at each stage? What profit does Cheapest earn per week with the current system? Assume that each car loses $40 in value per week because of depreciation?
Evaluate the tools commonly used in estate planning, including trusts, life insurance, and annuities. Compare the tools as to how they would apply for a couple in their mid-50s who are classified as middle-income earners, with no dependents (two adul..
What does this mean: "Culture is the organization of individuals who share rules for production and interpretation of behaviour"?
You have been asked to provide an estimate of value for insurance purposes for a single family home. The house was built in 1985 and is a 2,400 square foot two story home with a living room, dining room, family room four bedrooms, and two and one & h..
Explain why the creation and maintenance of an ethical workplace is a challenge for business and HR specifically?
We have developed a complete WBS that we feel truly defines the scope of the project, and it is well organized. We have reviewed some available resources, including some outside sources; however we must first build a schedule baseline.
Illegal immigrants are not eligible for Social Security benefits or the earned income tax credit. Since 1996, however, they can get a special Individual Tax Identification Number (ITIN) that enables them to pay federal taxes without a social security..
Once you have developed your product/service, you then need to determine how to make it available to the end user. Using your textbook and the articles from the Databases
Important: In order to receive full credit, you need to answer the questions with a minimum of two paragraphs. Use one paragraph to discuss the concepts and the other paragraph to incorporate those concepts using some of the companies from the tex..
Explain the use of "Material Requirements Planning" concepts in manufacturing and Service organizations.
"E-Negotiations" and similar technological advances effectively remove the need for negotiators tc travel to their markets to maintain personal contact with customers and to assess the local ..
1 considering hau lees uncertainty framework for classifying supply chains which of the following is given to a supply
Discuss appropriate methods for bridging the gap between performance and expectations with an employee. Why is an effective performance appraisal system important?
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