Increasingly contentious item among college administrators

Assignment Help Financial Management
Reference no: EM131461009

The copy center in the college of business at state university has become an increasingly contentious item among the college administrators. The department heads have complained to the associates dean about the long lines and waiting times for their secretaries at the copy center. They claim that it is a waste of scarce resources for the secretaries to wait in line talking when they could be doing more productive work in the office. Hanford Burris, the associate dean, says the limited operating budget will not allow the college to purchase a new copier or copiers to relieve the problem. This standoff has been going on for several years. To make her case improved copying facilities, Lauren Moore, a teacher in Operatioins Management, assigned students in her class to gather some information about the copy center as a class project. The student were to record the arrivals at the center and the length of time it took to do a copy job once the secratery actually reched a cpoy machine. In addition, the students were to describe how the copy center system worked. When the student completed the project, they turned in a report to Professor Moore. The report described the copy center as containing two machines. When secretaries arrive for a copy job, they join a queue, which looked more like milling around to the students, but they acknowledged taht each secretary knew when it was his or her own turn, and, in effect, the secretaries formed a single queue for the first available copymachin. Also, since copy jobs are assigned tasks, secretaries always stayed to do the job no matter how long the line was or how long they had to wait. They never left the queue. From the data the students gathered, Professor Moore was able to determine that secretaries arrived every eight minutes for a copy job and the arrival rate was Poisson distributed. Furhermore, She was able to determine that the average time it takes to complete a job is 12 minutes, and this is exponentially distributed. Usinfg her departments personal records and data from the university personal office. Dr. Moore determined that a secretary avergae salary was $8.50 per hour. From her academic calandar she added up the actual days in the year when the college and departamental offices were openand found ther was 247. However, as she added up working days, it occured to her that during the summer months the workload is much less, and the copy center traffic would be about half of what the average time of copying jobwould remain about the same. Prfessor Moore next called a local office supply firm to check teh price on copiers. A new copier of the type in the copy center now would cost $36,000. It would also require $8,000 per year for maintenance and would have a normal useful life of 6 years. Do you think Dr. Moore will be able to convince the associate dean that a new copy machine will be cost effective?

Reference no: EM131461009

Questions Cloud

What is the decision rule : A local brewery wishes to ensure that an average of 12 ounces of beer is used to fill each bottle. In order to analyze the accuracy of the bottling process.
Test the mean forecast gdpof all nabe members : Based on the average predictions of 47 members of the National Association of Business Economists (NABE), the U.S. gross domestic product (GDP) will expand.
How do teachers determine key concept vocabulary and action : Write a measureable IEP goal for Gabriella that includes the use of augmentative and alternative communication systems, and assistive technology.
Determining the beer and mosquitoes : Does consuming beer attract mosquitoes? A study done in Burkino Faso, Africa, about the spread of malaria investigated the connection between beer consumption.
Increasingly contentious item among college administrators : The copy center in the college of business at state university has become an increasingly contentious item among the college administrators
Represents the mean of the control? group : Assuming that both populations are normally? distributed, construct a 95?% confidence interval about µ1-µ2. ?
Explain how you will overcome threat from each of five force : explain how you will overcome threats from each of the five forces while achieving your professional goal(s) after graduation from the MS-IST Program.
Find the z-score that corresponds : For the standard normal distribution, find the z-score that corresponds to the 90th percentile.
Define a normal distribution for the analysis : A car manufacturer is trying to develop a new sports car. Engineers are hoping that the average amount of time that the car takes to go from 0 to 60 miles.

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd