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Q. Next week, Super Discount Airlines has a flight plan from New York to Los Angeles which is expected to be booked to capacity. Airline knows from past history which an average of 25 customers (with a standard deviation of 15) cancels their reservation or do not Show up for flight. Revenue from a ticket on flight is $125. If flight is overbooked, airline has a policy of getting customer on next available flight also giving person a free round-trip ticket on a future flight. Cost of round-trip ticket averages $250. Super Discount considers cost of flying a plane from New York to Los Angeles a sunk cost.
By elucidate how many seats should Super Discount overbook flight?
illustrate what ways would proposal by vice president of sales affect plant production capacity illustrate what o r remedies can be provided to case above.
Archer Contracting repaved 35 miles of four-lane interstate roadway working 10 days with a crew of five employees using $9000 of paving material. Which Corporation is more productive also by describe how much.
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A certain farming organization operates three farms of the comparable productivity. The output of each farm is limited both by usable acreage and by amount of water available for irrigation.
Due to the physical separation of these 2 steps, an additional delay of 0.5 days is allowed for transportation. If daily demand = 13 units, Elucidate what is the production. Lead Time between Steps 1 also 2.
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The maximum amount available of the "Other" ingredients is 125 tons. The cement sells for $60 per ton. The organization needs to maximize its profit. Formulate the linear programming problem to maximize the profit.
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Williams Products is evaluating whether to introduce a new product line. Estimates the variable costs of each unit produced and sold at $9 and the fixed costs per year at $55,000"
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