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Queuing analysis problem
The Art's Center has an annual season preview where patrons are able to purchase tickets early. There are six stations. An average of 63 patrons arrive per hour. Each station spends an average of 16 minutes with each order. However The Gallo Center does not want their donors to wait longer than an average of 16 minutes. Should they add a 7th station to alleviate the problem?
Two lanes of traffic are narrowing to one because of an accident on the road ahead. The drivers of 10 cars have ignored your turn signal and refused to allow you to merge into the single lane available. Finally, someone lets you into the lane. Does t..
Fully describe relationship between planning and organizing. Explain how the controlling function does or does not relate significantly to the planning function.
However, if the orders are combined into one shipment, the carrier will charge $200 for each stop it is required to make. Should Jones consolidate the three shipments?
Stay-Sharp Cutlery Jeff is a 22-year old who has always wanted to run his own business. As a kid, he spent summers cutting neighbors' lawns for extra income. Jeff recently became a Stay-Sharp Cutlery sales associate. Stay-Sharp is a high quality, cus..
Identify the classes and associations in the following narrative, and draw a class diagram with multiplicities: Dr. Franklin runs a small medical clinic specializing in family practice. She has many patients. When the patients visit the clinic, she m..
Smithson Cutting is opening a new line of scissors for supermarket distribution. It estimates the fixed cost to be $500 and the variable cost to be $.50/unit. Selling price is estimated to be $.75 per unit. What is the breakdown point in units? What ..
What is the expected value of perfect information?
Explain why a customer might be willing to work more cooperatively with a small number of suppliers rather than pitting suppliers in a competition against each other. Give an example that illustrates your points.
How would you rank the model of the Dimensions of Leadership Competency if you have to rank from most important to least and Why?
a. Formulate a linear programming model to determine the optimal areas in square yards for each of the three crops. b. Solve three iterations of the simplex method for this model.
Guy’s BBQ Grille in Saskatoon serves 5,000 steaks per year. The steaks are kept in a freezer. The holding cost for each steak is $1.50. The cost to place an order is $45. The lead time is 4 days and there are 250 working days per year. What is the op..
Discuss why zero inventory balance is or is not a desirable condition in most businesses. Be sure to include at least the three benefits of lower inventory carrying costs, having an inventory safety stock, and other potential benefits or risks.
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