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Customer arrivals to the store with an average rate of R = 20 per week and each customer requests for one computer. The rental time is 3 weeks on average. The rental fee is $300 per week. At the end of the rental period, the customer returns his/her rented computer to the store. Elaine will inspect every returned computer. The inspection time is negligible. On average 10% of the returned computers need to be repaired by a technician. (Repair actually means re-configuration and minor repair.) A computer that needs repair spends an average time of 1 week in the repair stage, including waiting and repair. After repair work is completed, the computer will be put into the stock for rental. Returned computers that don’t need repair will be put immediately into the stock for rental. To ensure that there are always computers available to satisfy customer requests, Elaine has to keep an average of 10 computers in the stock for rental.
(a) What is the total number of computers that Elaine needs for her rental business?
(b) With an average of 10 computers in the stock for rental, on average how much time.
Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..
Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..
Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..
An analysis of the holding costs, including the appropriate annual holding cost rate.
Briefly explain Evolution and contributor of Operations management.
A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..
Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.
Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.
Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.
Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.
Ccompare the effectiveness of different leadership styles in different organizations
Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.
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