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A bank is trying to determine which of two machines should be rented to process checks. Machine 1 rents for $10,000 per year and processes 1,000 checks per hour. Machine 2 rents for $15,000 per year and processes 1,600 checks per hour. Assume that the machines work 8 hours a day, 5 days a week, 50 weeks a year. The bank must process an average of 800 checks per hour, and the average check processed is for $100. Assume an annual interest rate of 20%. Then determine the cost to the bank (in lost interest) for each hour that a check spends waiting for and undergoing processing. Assuming that interarrival times and service times are exponential, which machine should the bank rent?
What are the pros and cons of linking incentive pay to individual performance? How can organizations address the negatives?
How would each company determine the location of their facilities? List the specific needs and requirements of each company when determining location.
If you were the logistics operations manager responsible for this move, what would be your critical ratio if you had only 2 days left to meet your deadline and you only have to consider feeding the horses
Explain how have changes in technology affected our access to recorded music also the control exercised by traditional distributors. Explain how will all these changes affect cultural trends also our expectations of music as an art form? Offer sp..
No one (or no organization) would make a decision based off of imperfect information. However, for a variety of reasons, many times organizations have had to function and make decisions based on imperfect information.
The annual demand for a product has been projected at 2,000 units. This demand is assumed to be constant throughout the year. The ordering cost is $20 per order, and the holding cost is 20 percent of the purchase cost.
Create a series of three standard billboards that would grab a commuter's attention and motivate them to visit the store. Describe your three billboards in detail.
Is it worth reallocating resources so that large orders wait an average of 0.3 weeks while small orders wait an average of 0.7 weeks before being processed?
You've taken a position with a consulting company. You are trying to act like you are worth what the company pays you and maybe even what they bill the client for your work.
Sketch all the constraints and the feasible region for this problem in a coordinate system and determine the optimal solution and its resulting optimal profit?
What approaches can be taken to develop a supply chain infrastructure that provide and accurate view of overall channel performance?
What is the probability of having 3 or more units in the system? What is wrong with Johnny Three Toes strategy?
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