Patrol officer teams assigned to a car work

Assignment Help Finance Basics
Reference no: EM131106357

Based on Kolesar et al. (1974). Metropolis PD Precinct 88 must determine the minimum number of police cars required to meet its needs for the next 24 hours. An average call for service requires 30 minutes. The number of calls the police department expects to receive during each hour is shown in the file P13_68.xlsx. The Metropolis PD standard of service is that there should be a 90% chance that a car is available to respond to a call. For each of the following, discuss how you might find a solution.

a. Suppose that patrol officer teams assigned to a car work an 8-hour shift beginning at 12 A.M., 8 A.M., or 4 P.M. Officers get an hour off for a meal. This hour can be anytime between the second and fifth hour of their shift. The precinct wants to know how many teams are needed to meet daily demand.

b. Suppose that patrol officer teams assigned to a car begin their 8-hour shifts at 12 A.M., 8 A.M., 12 P.M., 4 P.M., and 8P.M. An hour off for meals may be taken anytime during a shift. The precinct again wants to know how many teams are needed to meet daily demand.

Reference no: EM131106357

Questions Cloud

What is meant by par value : What is meant by par value, and what is its significance to stockholders?
Are the nist costs more costly or less costly or the same : Have the time and cost estimates made by the National Institute of Standards and Technology (NIST) been borne out (proven)? Are the NIST costs more costly or less costly, or the same?
Network strategies of organizing utilizing : Compare and Contrast the Cultural Strategies of Organizing with the Network Strategies of Organizing utilizing examples from both the Frontline piece on the NRA as well as 6.2 Case Study entitled "Evolving into a Network Organization Frontline
Prepare the amortization schedule for the bonds : Prepare the amortization schedule for the bonds - calculate the answers for the schedue and Prepare the amortization schedule for the bonds.
Patrol officer teams assigned to a car work : Based on Kolesar et al. (1974). Metropolis PD Precinct 88 must determine the minimum number of police cars required to meet its needs for the next 24 hours. An average call for service requires 30 minutes.
Why is the distinction between paid in capital : Why is the distinction between paid-in capital and retained earnings important?
Library patrons want to borrow a book : Suppose that annually an average of λ library patrons want to borrow a book. A patron borrows the book for an average of 1/λ years. Suppose we observe that the book is actually borrowed an average of R times per year. Explain how we can estimate λ..
What are the basic rights of stockholders of a corporation : In the absence of restrictive provisions, what are the basic rights of stockholders of a corporation?
What amount of loss should hart recognize : Hart did not elect the fair value option for reporting its financial liabilities. Hart amortizes discounts, premiums, and bond issue costs using the straight-line method. What amount of loss should Hart recognize on the redemption of these bonds?

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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