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Wolfgang Puck runs a restaurant next to the movie theatres in Evanston, a suburb of Chicago. He has approximated its daily demand forecast by a normal distribution with mean 100.12 and standard deviation 8.50. Assume that when demand exceeds capacity, we must turn away customers resulting in lost sales. To account for loss of goodwill, we will simply assume that turning away a customer costs Wolfgang Puck a penalty of $6. Assume the restaurant operates 250 days per year and that capacity lives on for ever. What should the optimal restaurant capacity be if a marginal unit of restaurant capacity costs $12,500 and average profit margin per customer is $30?
Does one internal operation stand out more to you, in terms of contributing toward an MCOs success? Explain why.
Label each of the following statements as true or false, and then justify your answer. (a) When a linear programming model has an equality constraint, an artificial variable is introduced into this constraint in order to start the simplex method with..
A major steel producer uses a matrix structure for research and development (R&D). Once the new product is developed, the product-organizational structure is used. Are there any advantages or disadvantages to this setup?
difference between a discovery and an execution-driven team
Prepare a systems analysis report describing Dirt Bikes’s problem and a system solution that can be implemented using PC database software.
Explain the difference between hard power and soft power negotiating strategies in the context of international business negotiations. Share an example from recent news (within the last one or two years) that demonstrates either a hard power or so..
would you want to engage in international trade? Why? Why not? What impact would your endeavors in international trade have on your business?
Write a clear and concise "email" to the executive summarizing the situation that occurred and the main factors that you think contributed to the problem.
Identify a goods-producing or service-providing organization and discuss how it might make aggregate planning decisions
How will you provide A-plus information to customers? Explain the role of difference in judicial review of Public use determinations.
Describe how you would develop a metric to be used as a key performance indicator (KPI). Use a specific example.
Which of the following is true with regard to the stakes of various stakeholders?
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