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Resource B has to be taken down for maintenance 10 minutes every hour (works for 50 minutes, and is down for 10 minutes). Resource D has to be taken down for maintenance 15 minutes every hour (works for 45 minutes, and is down for 15 minutes). Maintenance can be scheduled at any time during each hour.
a) Explain how you would you schedule the maintenances to achieve the maximum average (hourly) process capacity? Use terminology from our course in your answer.
b) Suppose you have one inventory buffer B1 available that can hold up to 25 units. Suppose you put that buffer wherever you need to in order to maximize average (hourly) process capacity. Explain where you would put the buffer and why you would do this (this means that you should explain what would you need to consider to make this decision).
Walmart.com announced that it wants to be "the most visited, most valued online retail site." Suppose you were hired by an outside consulting firm to evaluate Walmart.com's potential to achieve this goal.
Under oligopolistic market conditions, a. the pricing actions of any one firm have no significant effect on the others b. the pricing actions of any one firm have a significant effect on the others c. no firm can have any control over its output pric..
Some economists argue that it is possible to raise the standard of living by reducing population growth.
Consider a monopolist with the inverse demand curve: P=50-Q. TC = (Q^3 /3) – 11Q^2 + 150Q + 200 and the MC = Q^2 - 22Q + 150. What is the profit maximizing level of price and quantity and what is the associated level of price? Will the firm keep prod..
According to the Taylor rule, what is the federal funds target rate under the following conditions?
Consider an economy with a money demand curve given by Dm = 10,000 – 4000r. If the money supply in the economy (Sm) is 6,000, then what is the equilibrium interest rate and quantity of money? If (gross) investment demand is given by ID = 20,000 – 200..
Calculate the ICER for the new treatment, assuming that the new treatment would replace the old one. In what quadrant is the ICER located in Figure 3-4? Is cost effectiveness analysis relevant? How does the answer change if the cost of the new treatm..
Goods and services sold in black markets, such as illegal0 drugs, are generally not included in GDP. Does this lead to misleading comparison between countries? Should these activities be included as a positive or negative in GDP?
PhilaU Equipment Co. has a CNC machine that was purchased 5 years ago for $150,000 plus $25,000 of installation costs. It has been depreciated as a MACRS-GDS 5-year property class. It has an estimating remaining life of 8 years. O&M costs were $10,00..
Which of the following best explains the shape of the individual labor-supply curve? The labor demand curve is based on the firm’s: Investment in human capital implies: Why has there been an increase in the inequality of income? Between two countries..
We normally think of currency and banking risks as being something confined to third-world or developing countries. But events in the past few years such as the Euro crisis or the financial crisis in the United States have shown that not even the wea..
Sarah earns $500 per week selling baskets made out of tree vines. With this money she buys sushi and rose bushes. Each piece of sushi costs $1 and each rose bush costs $10. If Sarah spends $170 per week on sushi, the maximum quantity of rose bushes c..
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