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Q. In recent weeks Hot jack Airlines' LAX to LAS flight has departed Los Angeles with more empty coach seats than expected. Hot jack operates a 95 passenger B-737/100 on this route. The regular unrestricted one-way coach fare is $89. Hot jack updated forecast indicates that the average Demand for this flight (at the $89 fare) has dropped to 60 passengers. To better utilize its capacity, hot jack plans to introduce a "gambler's special" fare of only $49. The fare will have an advance purchase restriction.
Find out the probability that full-fare Demand F is less than X*, the ideal number of seats that should be set aside for full fare passengers (or alternatively, the probability that some full-fare seats on the gambler's special are unsold at departure time.)
ohnson was asked to bid on a follow-on contract for another dozen receiver/transmitter units. Ignoring any forgetting factor effects, illustrate what should Johnson estimate time also part prices to be for the dozen units.
Assuming the addition of one or more clerk, illustrate what is the number of applications that the process can handle. Elucidate how would you suggest modifying the process in order to accumulate 120 applications per hour.
Illustrate what would be the minimum cycle time that could be achieved if the production was split into 2 lots of 500 parts each. Illustrate what would be the minimum cycle time and inventory levels if the production is broken down into 4 lots of 2..
A Corporation wants to forecast demand using the weighted moving average. If the Corporation uses 2 prior yearly sales values, which of the subsequent is the weighted moving average forecast for year 2013.
What do you think of a specific upper-level management position where you would make mainly programmed decisions.
Osakwe, an enterprising student, has set up an internship clearinghouse for business students. when should each be used.
Quarter-inch stainless-steel bolts 1 ½ inches long are consumed in a factory at a fairly steady rate of 60 per week. Bolts cost plant 2 cents every. It cost plant $12 to initiate an order also holding costs are based on an annual interest rate of ..
There is no word limit or count. Illustrate what type of functional and perceptual benefits do labelling and packaging give to consume.
Explain how much will this price the Co- op per yr. Under illustrate what conditions would you agree to the supplier's proposal.
Illustrate what are some ways that could comprise alternate solutions or calculations. When it is best to "add" or when it is best to "reduce" capacity. Comprise instance.
Each coffee table produced by the Timothy Kent Designers nets firm profit of $9. Each bookcase yields a $12 profit. This post describes how to find out the objective function for maximizing total profits and provides the answer.
Profits are 40 cents for a box of Deluxe crackers also 50 cents for a box of Classic crackers. Elucidate what is daily profit when producing optimal amounts.
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