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You are doing an industry analysis of the Bloomington pizza industry. The rate (per year) at which pizza restaurants enter the industry is given by p, where p = price of a pizza in dollars. The price of a pizza is assumed to be max(0, 16 - .5F ), where F = number of pizza restaurants in Bloomington. During a given year the probability that a pizza restaurant fails is 1/(10 + p). Create a birth-death model of this situation. (a) In the steady state, estimate the average number of pizza restaurants in Bloomington. (b) What fraction of the time will there be more than 20 pizza restaurants in Bloomington?
A Corporation which produces pleasure boats has decided to expand one of its lines. Discuss what other factors might be considered in choosing between expansions
Determine optimal weekly production schedule for MVC. Illustrate what is optimal weekly profit. Illustrate what is minimum price that would justify producing plus model. Explain.
Will any action notices be generated? If so, explain what they are and why they must be generated.
How much gravy should be ordered using a fixed order interval system? Order is being placed on Thursday and the fiscal week begins on Thursday and ends on Wednesday.
Illustrate what, if any, are the major barriers to implementing a lean system at Copper Kettle Catering. Illustrate what would you recommend that Wayne also Janet Williams do to take advantage of lean concepts in operating CKC.
Hono Golf is a manufacturer of golf products in Taiwan and China. One of the golf accessories it produces at its plant in Tainan Hsing, Taiwan, is plastic golf tees. The injector molder produces golf tees that are designed to have an average heigh..
What is the economic order quantity (EOQ) for Kona coffee beans and what are the total annual holding costs of cycle stock for Kona coffee beans?
Which of the following categories of training objectives is being emphasized in this scenario?
Harley Davidson has excess capacity of 5,000 hours of use of machinery. Which motorcycle should it produce?
To consider the viability of Nintendo's new strategy, the CEO of Nintendo, has brought you in as a consultant. Your task is to use the company's competitive analysis to predict potential competitor behaviour.
Explain the importance of Mintzerg's structural archetypes? How did these categories have implications for innovation management?
What type of prisons house the most serious offenders and are characterized by double and triple security patterns?
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