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A local autobody shop is looking to hire a new mechanic for processing quick oil changes. Two candidates have applied for the position. Frank Fillman is fresh out of Auto Mechanic school and expects a $26 per hour salary. His average service time for an oil change is 14 minutes. Amanda Cartun is a veteran who expects $34 per hour. Her average service time is 10 minutes. Factoring in goodwill, the cost for customer waiting is $40 per hour (this includes both time spent waiting for service to begin and the time for the actual oil change). Customer's arrive for oil changes at an average rate of 3 per hour.
a. What is the average waiting time customers would spend in the system under each applicant?
b. Which applicant should be hired? (Use cost analysis.)
hat were the weeks of supply last year? Is Mattress Wholesalers making progress in its inventory-reduction effort?
Discuss the need to study an entire set of financial statements rather than focus in obsessively on one or two numbers such as net income.
What is the expected effect on the motivation to work harder and the future performance of low- performing Pencils?
In what ways do legal forces and culture influence a firm’s product policies?
Super Discount considers the cost of flying the plane from New York to Los Angeles a sunk cost. By how many seats should Super Discount overbook the flight?
What made each an effective leader? How did each influence the lives of others positively or negatively?
The Fl Pit Stop can be the difference between being first or second on the podium, the difference of winning and losing a season long title,
Environmental Protection Agency has established higher standards for clean burning fuel.
What is constraint management? What is its importance? How does it affect bottlenecks?
A company is in the business of making souvenir spoons to customer order. The customers select the size of the spoons and may specify the design to be embossed.
Goal: Use your knowledge and experience (as gained in the course) to develop a project plan to address a practical scenario. The scenario will be determined by the student but should represent a project of reasonable length, breadth, and complexity. ..
The new office supply discounter, Paper Clips, Etc. (PCE), sells a certain type of ergonomically correct office chair that costs $200. The annual holding cost rate is 25% of the item cost, annual demand is 1,800 units, and the ordering cost is $50 pe..
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