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Customers arrive at the lobby of the exclusive and expensive Ritz Hotel at the rate of 40 per hour (Poisson distributed) to check in. The hotel normally has three clerks available at the desk to check guests in. The average time for a clerk to check in a guest is four minutes (exponentially distributed). Clerks at the Regency are paid $12 per hour and the hotel assigns a goodwill cost of $2 per minute for the time a guest must wait in line.
How many clerks should the hotel employ for the check-in system to be cost effective?
Identification and assessment of sources of competitive advantage
What are the implications of physicians, as a group, being in large part the determining source for the allocation of healthcare resources?
Compute the failure rate for six transformers that were tested for 600 hours each, three of which failed after 100, 175, and 350 hours.
The Management Model (Planning, Organizing, Leading, Controlling ) is universal. In other words, managers at all levels of all departments in all kinds of organizations use this system
A box of paper costs $45, it costs $80 to process an order, and also annual demand is 44,000 boxes of paper. Illustrate what is EOQ.
Drawing on hall's high and low context, describe some of the communication issues that might well arise when an arab company officer who hasvspent his career in the middle east is sent on temporary assignment.
the ordering cost can be cut to $4.00, illustrate what will be the new economic order quantity, order frequency and Yearly inventory management cost.
In a second column, indicate whether you consider each ratio to be a strength, a weakness, or aneutral factor for McDonald's.
Develop a linear programming model that will enable HTS to allocate technician time between regular customers and new customers.
Develop an aggregate plan using each of the following guidelines and compute the total cost for each plan. Which plan has the lowest total cost?
Consider the following shortest-route problem involving six cities with the distances given. Draw the network flow model for this problem.
Matthew Yachts, located in Montauk, Long Island, manufactured sailing yachts of all descriptions. The company had begun by building custom-designed yachts for a largely New York-based clientele.
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