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Northwest airlines runs daily flights from Detroit to Amsterdam. They face a fixed cost of $70,000 for each flight independent of the actual number of passengers on the plane. There are 310 seats available on aplane. One way tickets generate revenues of $600 apiece when used but are fully refundable if not used. On a typical weekday, the airline estimates that the number of no shows will range between 0 and 20 all intermediate values are equally likely.
Trade off Between Delivery and Flexibility Pagell et al (2000) argue that the trade-off concept is based on Skinner's quandary that a manufacturing plant could not be configur
If random variable X follows the Normal distribution. X~Normal(10,10). Which among the following statements are correct? Answer a. P(X b. P(X=10)=0 c. P(X>8)=1-P(X
Volume Flexibility - Customers Needs For a Product The readiness with which the operation systems output can be adjusted in response to sharp changes in customer demand. Produ
2 enterprises (1 and 2), are in competition with each other by choosing advertising expenditures. The payoff functions of the two enterprises, if enterprise 1 chooses to spend x an
If a corporation doubles the number of exposure units, what may be said to happen to the degree of objective risk? Explain your answer and state the basic principle illustrated.
Is the 'focused factory' concept described by Skinner applicable in the service sector? Answer: Yes, think of Schmenner's service-process matrix and the lower quadrant entitled
Which of the following probability distributions cannot be simulated ?
how to find percentage of annual volume
Why is basic instruction valuable? When should it be used?
Memo Motion and Micro Motion Recording Originally based on cine-photography, nowadays video-recording technology is used to record patterns of movement in process activities.
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