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Cheapest Car Rental rents cars at the chicago airport. The car rental market consists of two segements: the short term segement, which rents for an average of .5 weeks, and the medium term segment, which rents for an average of 2 weeks. Cheapest currently rents an average of 200 cars a week to the short term segment and 100 cars a week to the medium term segment. Approximately 20% of the cars returned (evenly distributed across both segments) are found to be defective and in need of repairs before they can be made available for rent again. The remaining cars not needing repairs are cleaned, filled with gas, and made available for rent. On average, there are 200 cars waiting to be cleaned. The average cost of this operation is $5 per car. Cars needing repairs spend an average of 2 weeks in the repair shop and incur an average cost of $150 per car. Assume that cars are rented as soon as they are available for rent, that is, as soon as they have been cleaned or repaired. Short term renters pay $200 per week, while medium term renters pay $120 per week. Indentify throughput, inventory and flow time at each stage? What profit does Cheapest earn per week with the current system? Assume that each car loses $40 in value per week because of depreciation?
Demands for each of periods is given in illustrate what follows. All periods have same number of working days. Elucidate how much should company make each period. Illustrate what will be ending inventories in each period. Do you see any problems w..
Illustrate what impact does policy (local, state, and/or federal) have on transportation. Explain how does policy affect a retailer in trying to get their product from a port to their retail store.
Describe why each of these may be considered errors. Discuss how you should avoid each of these errors being a health care manager
A total of 2,000 units of the product must be produced. Formulate an IP whose solution will tell us explain how to minimize total prices.
Assume you want during put of the line to be 90% of the bottleneck rate. Find the WIP level required to achieve this under the assumptions.
The Carbondale Hospital is considering the purchase of a new ambulance. The decision will rest partly on the anticipated mileage to be driven next year. The miles driven during the past 5 years are as follows
Illustrate what is average inventory if costs are minimized. Suppose that ordering cost is not $20.68 and Cotteler has been ordering 175 units each time an order is placed. For this order policy.
A re-organization will require that some employees are provided severance packages while other reassigned. Illustrate what interpersonal managerial roles developed by Mintzberg will a manager confronted with this employ
The solution offers step by step guidance on how to formulate the problem mathematically. It comprises a solution to problem instance using Excel Solver.
She would like to setup a system in which all A items are counted monthly (every 18 days), all B items are counted quarterly (every 61 working days), and all C items are counted semiannually
As an operations analyst for your company, you have been asked to find an improvement that will increase the productivity of your company. Your boss is demanding a 25% increase in productivity, you have two option to choose from:
Illustrate, by an example or examples, the key emphasis of marketing concept. Then show an example explain how marketing concept turns marketing opportunities into values.
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