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Review Problem #8 Chapter 20 Operations Research by Wayne Winston
The Newcoat Painting Company has for some time been experiencing high demand for its automobile repainting service. Since it has had to turn away business, management is concerned that the limited space available to store cars awaiting painting has cost lost revenue. A small vacant lot next to the painting facility has recently been made available for lease on a long-term basis at a cost of $10 per day.
Management believes that each lost customer costs $20 in profit. Current demand is estimated to be 21 cars per day with exponential interarrival times (including those turned away), and the facility can service at an exponential rate of 24 cars per day. Cars are processed on an FCFS basis.
Waiting space is now limited to 9 cars but can be increased to 20 cars with the lease of the vacant lot. Newcoat wants to determine whether the vacant lot should be leased. Management also wants to know the expected daily lost profit due to turning away customers if the lot is leased. Only one car can be painted at a time.
Imagine you are an executive for BP, JP Morgan or, Goldman Sacs, and you are preparing a presentation for the board of directors about the organization's direction.
Business disruption has become a serious concern of the company president who wants to see a detailed plan before the work begins. She explains that current work must be completed in the old hangar and all new work is to being in the new hangar.
What is the shortest cycle time that will permit use of only two workstations? Is this cycle time feasible? Identify the tasks you would assign to each station.Determine the percentage of idle time that would result if two stations were used.
Guitar Maker, Inc., makes guitars. The Occupational Safety and Health Administration (OSHA) proposes a safety rule governing the handling of wood and its dust in the workplace, including the woods that Guitar Maker uses in its operations.
What are some of the key issues associated with human resource management as it pertains to information technology projects?
Determine the key components of supply chain management for the company you have selected. Determine three major issues that could affect the structuring, sourcing, purchasing, and the supply chain of your organization. Provide a solution to each ..
Develop a three-week moving average for this time series. Compute MSE and a fore- cast for week 7. Use a = 0.2 to compute the exponential smoothing values for the time series. Com- pute MSE and a forecast for week 7.
Define synergy and explain how it applies in a negotiation. What is an example of how synergy can create the dynamic that advances the progression of a negotiation to a successful conclusion?
What are the different types of dependencies. There are four different types of dependencies, including
within the discussion board area write 400-600 words that respond to the following questions with your thoughts ideas
fast delivery company delivers packages and business documents for local businesses located in the houston metropolitan
What is the difference between deliberate strategies and emergent strategies? How does the emergent strategy help with a future strategic planning process? What are the potential consequences of ignoring emergent strategies?
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