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A small gas station has only one pump to serve its customers. The gas station is located in the City center and has a parking space for 6 cars only. Each arriving car is served on the average in 8 minutes where the service time has been found to follow the exponential distribution. The cars arrive according to a Poisson distribution at an average rate of 5 cars per hour. Cars that cannot find a parking space inside the station they go somewhere else as the City does not allow any stationary cars on the street outside the gas station. 1) Analyze the system and produce the main Performance Measures. 2) What is the probability that an arriving car will not find a parking space? 3) what is the effective arrival rate?
Pete Patel is the sports liaison for the student government association. During the fall semester, the group promotes school spirit with “orange effect” t-shirts. The shirts feature a special screenprinted logo that can be expensive to make. What is ..
You work as a consultant for Company A that plans to expand its operations in order to increase its profitability. To that end, it is considering to acquire (buyout) Company B. Your primary task is to advise the company (Company A) on the market valu..
Why is it important to identify and schedule resources correctly early rather than later?
Analyze the steps involved in preparing a cash budget and determine which steps presents the GREATEST number of obstacles to the GREATEST number of small businesses. Explain your rationale.
how can organizations develop innovations through individuals and teams that meet customer demands?
Daniels sells Formula One memorabilia. He sold an autographed Michael Schumacher helmet to Wehry for $3, 500.
Based on your own organization work and practical experience, what do you think about trade secrets re: "property," "fair competition," and "confidentiality?"
Explain and discuss how life insurance can be used for business planning, including key person insurance, buy-sell agreement funding, business continuation planning. Give some examples.
Research what is meant by factored cost as it relates to probability X impact and establishing a management reserve. Provide an example for your classmates of an identified risk and the probability X impact. How much would be added to management rese..
Research Target and determine which of the four quadrants of the BCG Matrix you feel it fits into
Pick a coffee shop where customers order at the counter works well for this activity, but small restrauants, auto parts stores, hair salons, and many other businesses also work for this discussion.
Asset-based borrowing permits small businesses:
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