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An airport shuttle bus picks up passengers waiting at a bus stop and drops them off at the airport terminal; it then returns to the stop and repeats the process. The times between returns to the stop are independent random variables with distribution F, mean μ, and variance σ2. Passengers arrive at the bus stop in accordance with a Poisson process with rate λ. Suppose the bus has just left the stop, and let X denote the number of passengers it picks up when it returns. a) Find E[X]. b) Find Var(X). c) At what rate does the shuttle bus arrive at the terminal without any passengers? d) Suppose that each passenger that has to wait at the bus stop more than c time units writes an angry letter to the shuttle bus manager. e). What proportion of passengers write angry letters? e) How does your answer in part (d) relate to
Which is likely to be a more serious problem – perceptions of being underrewarded or perceptions of being overrewarded? To support your answer, share an example of each from your professional life or from a current event.
Steel Industries, Inc., ordered steel from Interlink Metals & Chemicals. The steel was to be delivered from a Russian mill. There were political and other issues in Russia, and the mill was shut down. Interlink did not deliver the steel to Steel Indu..
What opportunities are being missed when each little area (scheduling, supply management, marketing, and others) has its own “stove piped” data? (Provide some examples.)
You will be assigned a mentor as you begin a new position. Prior to your first meeting you need to make a list of what you believe are the top 5 areas where you need development. List the five areas where you most need development and explain why.
A hacker threatens to shut down a company's computer system unless the company pays $10 million to the hacker. What crime has the hacker committed and what federal criminal statue has been violated?
Elucidate how to manage an organization manufacturing motor cars in a turbulent also dynamic environment. Briefly discuss vendor relations in lean systems in terms of subsequent issues. Why are they important.
Select two (2) major criteria that you would use to appraise the performance of an expatriate. Determine whether an expatriate’s performance requirements should or should not match those of others within an organization and if management should rate ..
Your great aunt left you an inheritance in the form of a trust. The trust agreement states that you are to receive $2,400 on the first day of each year, starting immediately and continuing for 18 years. What is the value of this inheritance today ..
A company using primarily a “Functional” organizational structure would include departments with the following titles except: Human Resources Production International Marketing
Give at least one example of "quick change over" in a manufacturing AND one in a service operation. Explain the impact of an operational/systems change to a "quick change over" environment.
A firm sells a product whose demand over the next couple years will be stable (so the order up-to model is used to manage its inventory). When the demand uncertainty is small (for example, the weekly demand has a mean of 100 and a standard deviation ..
Briefly describe the terms operations management and supply chain.
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