What is the total revenue opportunity

Assignment Help Finance Basics
Reference no: EM133070688

Columbia Pizza and make a pizza in 10 minutes with the one oven that they have. Their late-night business among hungry college students is booming, and they average 5 pizza orders/hour from 9 PM - 11 PM. Between 5 PM and 9 PM, they average 3 pizza orders/hour. Both order rates can be assumed arrive according to a Poisson distribution.

The owner of Columbia Pizza has discovered that if customers have to wait for more than 20 minutes from when they enter the shop to when they receive their pizza, they are likely to go next door to University Falafel, meaning that Columbia Pizza loses a $20 sale.

The owner is thinking of buying a second oven and register (e.g. a second channel). He has analyzed that it the total cost of operation (the amortized cost of the oven and the salary of the staff) would be $75 per night.

-Calculate the following for the 5-9 shift and the 9-11 shift

-Average # of orders in the system

-Average time order spends in the system (minutes)

-Average # of orders in the queue

-Average waiting time in the queue (minutes)

-Utilization

-What is the total revenue opportunity for Columbia Pizza, assuming that you can serve all of your customers from 5-9 and 9-11 PM?

3. What is the total revenue opportunity with one oven, given the 20 minute time constraint from entering the shop to receiving their pizza?

4. What is the average daily loss of sales to University Falafel?

5. If Columbia Pizza invests in a second oven, calculate the following for the 5-9 shift and the 9-11 shift

-Average # of orders in the system

-Average time order spends in the system (minutes)

-Average # of orders in the queue

-Average waiting time in the queue (minutes)

Business
Finance
Share Question

Reference no: EM133070688

Questions Cloud

Fourth amendment protection : The Supreme Court held that vehicles were held to a lesser standard of Fourth Amendment protection by stating that a warrant wasn't required.
Determine gross estate for Philippine estate tax purposes : Shares of stocks of Apple Corporation, US corporation listed in NY Stock Exchange - $5,000. Determine gross estate for Philippine estate tax purposes
How does facebook make money : -Question 1: How does Facebook make money? What are its comparative advantages relative to other social networking companies?
Explain legal term contributory negligence : Explain the "neighbour principle" as stated by Lord Atkin in Donoghue v Stevenson. In relation to the law of tort, explain legal term "contributory negligence
What is the total revenue opportunity : -What is the total revenue opportunity for Columbia Pizza, assuming that you can serve all of your customers from 5-9 and 9-11 PM?
Find the amount of revenue from franchise fees : Wynne Inc. charges an initial franchise fee of P2,300,000, with P500,000 paid. Find the amount of revenue from franchise fees
Career plan for future cybersecurity professionals : Career Plan for Future Cybersecurity Professionals - discuss which of these requirements you can fulfil and which ones you cannot and how you plan to achieve
Interest rate charged by the credit card company : Many qualities must be taken into account when choosing a credit card. Some of these qualities are: Interest rate charged by the credit card company
Find the forward price of titanium with delivery : Suppose that the current price of titanium is $50G per oz with costless storage. The term structure is ?at with a continuously compounded rate of interest of 4%

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