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This assessment addresses the following course objective(s):
Analyze appropriate methods of quantitative analysis used for business problems
Solve business problems with appropriate quantitative decision-making models
In this analysis, we will examine queuing theory and apply it to wait times at a business of your choice. You will research a business that has a queuing system that you consider to be ineffective. You can use any type of business, your company that your work for, a business you're familiar with, or a business that you visit or call frequently.
Discuss the business and share necessary information.
Research queuing systems and discuss what type of queue they are using and why it is ineffective. You need to name the queuing type and discuss how it operates. Discuss why it is not working well.
Make recommendations for a new type of queue based on your research. Discuss why this new queue would be more appropriate for this business.
Linear programming is a mathematical technique used to determine the optimal solutions to certain specific problems.
The article study for the demand, supply and the market equilibrium has been discussed. The article that has been review was published on August 2012.
Draw the individual cost curves on one graph: marginal cost, average total cost, average ?xed cost, and average variable cost. Place costs ($) on the y-axis and quantity (Q) on the x-axis.
Explain whether the firm will make economic profit, In the short run and In the long run.
Determine the official measure of the deficit
The organization and coordination of the activities of a business in order to achieve defined objectives.
What is the profit maximizing number of Gizmo Widgets that should be introduced? Be sure to account for the fact that Gizmo Widgets displace other kinds of widgets. Again, be sure you provide a brief explanation of your approach/reasoning.
Prepare the sketch the Fourier transform of a rectangular pulse of amplitude 10 V and width 0.1 second that is centered on the zero time axis. Determine the autocorrelation function of a rectangular pulse.
Carry out an analysis from the standpoint of both EMV and expected utility to establish Jeremiah’s best course of action, including a consideration of his bidding strategy with regard to the auction.
Prepare a Marginal Cost Analysed Income Statement for 2014 from the above data to identify total and individual medical procedure contributions and profits.
MGMT 3306: Solve the assignment problems, 1. Please answer the assignment questions in this docx file and save once you’re satisfied. Assignment 3covers the lectures slides for Week 6.
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