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The Lower Colorado River Authority (LCRA) has been studying congestion at a boat-launching ramp near Mansfield Dam. On week-ends, the arrival rate averages 5 boaters per hour, Poisson distribution. The average time to launch or retrieve a boat is 10 minutes, with negative exponential distribution. Assume that only one boat can be launched or retrieved at the time.
a) The LCRA plans to add another ramp when the average turnaround time (i.e. time in system) exceeds 90 minutes. At what average arrival rate per hour should the LCRA begin to consider adding another ramp.
b) If there were room to park only 2 boats at the top of the ramp in preparation for launching, how often would an arrival find insufficient parking space.
Which of subsequent production plans is better: Plan A-chase demand by hiring also firing; or Plan B-make at a constant rate of 1200 also obtain remainder from overtime.
Explain how common sense can be helpful when it comes to warehousing design and operations. There is no word count or limit.
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Robco, Inc. was a Florida arms dealer. The armed forces of Honduras contracted to purchase weapons from Robco over a six-year period.
Leak Inc. forecasts the free cash flows (in millions) shown below. Assume that the ROIC is expected to remain constant in Year 2 and beyond (and do not make any half-year adjustments).
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Instructor has provided information about first test grades in some previous classes as well as final average for same students. Some of these grades have been sampled also are as followed.
Explain how process view on an organization is likely to uncover need for greater inter functional cooperation's also greater decentralization of organization.
The cost to place also process an order from the supplier is $75. The organization operates 300 days per year also the lead-time to receive an order from the supplier is 8 working days. Find out the economic order quantity. Find out the annual hol..
There are two more assignments in a class before its end, and if you get an A on at least one of them, you will get an A for the semester. What is the probability of getting an A on the paper? What is the probability of getting an A on the exam?
Identify a process that your encounter on a daily basis, such as a lunch cafeteria or the journey from your home to school/work.
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