Calculate total hourly waiting cost for jets at airport

Assignment Help Operation Management
Reference no: EM131668992

1. Newark Liberty airport has two runways. Runway 1R serves only large jets, while runway 1L serves only smaller jets. Large jets wishing to use runway 1R arrive at the average rate of 20 per hour, while the smaller jets using runway 1L arrive at the average rate of 30 per hour. Each runway can handle an average of 60 jets per hour. Unfortunately, it is rather expensive to keep aircraft airborne while waiting to land. The large jets incur a cost of $25 per minute, while the small jets cost $10/minute while circling to land. Calculate the total hourly waiting cost for all jets at the airport.

2. With regard to question 1, because of repair work, assume Runway 1L must be temporarily shut down. During this time, all jets will land on runway 1R. Calculate the total hourly waiting cost for all jets at the airport with only this one runway available.

3. With regard to question 2, the repair work is now completed and Newark Airport has decided to change its policy on runway usage. Both runways will now be available to either type of jet for landing. What is now the total hourly waiting cost for all jets under this new policy.

Reference no: EM131668992

Questions Cloud

How many tiers are there currently in the cisco hierarchy : How many tiers are there currently in the Cisco hierarchy of certifications and what are they?
Real estate as joint tentnts with right of survivorship : George Bailey, Sam wainwright and Mary Hatch buy a piece of real estate as Joint tentnts with right of survivorship.
The occupiers attitude toward the bureau of indian affairs : What was the occupiers' attitude toward the Bureau of Indian Affairs? What evidence is there of this in the proclamation?
Determine the minimum number of service facilities needed : Formulate an integer linear program that can be used to determine the minimum number of service facilities needed and their locations.
Calculate total hourly waiting cost for jets at airport : Newark Liberty airport has two runways. Runway 1R serves only large jets, Calculate the total hourly waiting cost for all jets at the airport.
Corresponding characteristics will be displayed : Select an animal, and the corresponding characteristics will be displayed (such as color, vertebrate or invertebrate, can swim, etc.)
What types of issues employees have when installing code : What types of issues might employees have when installing the code, and what could you do to troubleshoot those issues?
Determine investment strategy that will maximize epr : Dave has $100,000 to invest in 10 mutual fund alternatives with the following restrictions. For diversification, no more than $25,000 can be invested.
Organization act in socially responsible manner : Does your organization act in a socially responsible manner? What evidence do you have that it does or does not?

Reviews

Write a Review

Operation Management Questions & Answers

  Internal factors affecting movie theaters pricing strategy

Describe internal factors affecting a movie theaters pricing strategy - costs, policies, etc. Describe external factors affecting a movie theaters pricing strategy - macro-environmental forces, competition, etc.

  Stage of research process in relation to problem encountered

Discuss the stages of the research process in relation to the problems encountered. Give examples.

  Compute the availability of machine

A machine can operate for an average of 14 weeks before it needs to be overhauled, a process which takes 7 days. The machine is operated 6 days a week. Compute the availability of this machine.

  Describe the organizational culture of your selected company

Describe the organizational culture of your selected company including any changes it has experienced.

  What is your organizations competitive advantage

A competitive advantage is not permanent. It is important that a competitive advantage evolves with the company. New competition can enter the market that threatens the competitive advantage of an organization. Organizations must be unique in order t..

  Given the commoditized nature of many markets

Given the commoditized nature of many markets today, does customer relationship management and associated focus on quality, value and satisfaction - make sense? If price is the only true differentiation in a commoditized market, why should a firm car..

  What are evidence based practices

What are “evidence based practices” and why are they important in our health system? Answer in 2-3 paragraphs. Include resources if you want, but provide the citation.

  Create a flowchart to illustrate your recommendations

Review another restaurant chain that does not currently have a major public problem but would benefit from evaluating its manufacturing process to improve competitiveness. Specifically, provide recommendations on how to improve the company's curre..

  Determine a business strategy that would work better

What are their business strategies? Do they live up to their mission and value statements? How so? Determine a business strategy that would work better

  Differences between strategic controls-financial controls

What is organizational structure and what are organizational controls? What are the differences between strategic controls and financial controls? What is the importance of these differences?

  What is the effective capacity

Material delays have routinely limited production of household sinks to 400 units per day. If the plant efficiency is 80%, what is the effective capacity?

  Current factories cannot produce these new products

Bart Simpson, Inc., is considering the possibility of building an additional factory that would produce a new addition to its product line. The company is currently considering two options. The first is a small facility that it could build at a cost ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd