N5 The manager of a branch office of Banco Mexicali observed that during peak hours an average of 15 customers arrives per hour and that there is an average of 3 customers in the branch office atany time. How long does the average customer spend waiting in line and being serviced?The average time a customer spends in the branch office including service is 0.50 hours. (Enter your response rounded to two decimal places.)

The assumptions in single-server queue theory include: The waiting line may contain any number of…

Answered: The manager of a branch office of Banco…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Question 16, Question 17, Question 18, Question 19, Question 20, Question 21
Additional Question. The XYZ steel company must determine a policy for ordering coal to operate 15 converters. The ordering cost is $85/order and the cost of holding coal is 15% of the purchasing cost. The XYZ has a contract to obtain the coal for $14 per ton for the coming year. Each converter requires exactly 8 tons of coal per day to operate, and the firm operates 300 days per year. a. Determine the optimal quantity of coal to receive in each order. b. Determine the total inventory-related cost associated with the optimal ordering policy c. Optimal number of orders to place per year and number of operating days between orders, based on the optimal ordering. d. The XYZ is now considering to the following discount policy provided by supplier: Order Quantity (tons) 1,000 - 1,999 Price per ton $14 $12 $10 2,000 - 2,999 3000+ Please help the XYZ to determine the amount the firm should order.
Q.No:4: Aslam needs to purchase a car to travel to Arid University campus every day. He likes to buy an affordable and economical car for everyday transport. Briefly describe the consumer decision process that he may undergo in order to buy a suitable car?
Explain
QUESTION 15 The Sweet Success Bakery sells 800 cakes at a price of $20 per cake. Its total economic costs for producing 800 cakes are $4,800. The Sweet Success Bakery's economic profits are O $4,800. $11,200. $16,000. indeterminate from this information.
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Question 39
v Question Completion Status: QUESTION 11 The accompanying table shows the demand and supply schedules for lobster. The U.S. government decides that the incomes of lobster farmers should be maintained at a level that allows them to survive. It therefore implements a price floor of $14 per pound by buying surplus lobster until the market price is $14 per pound. Quantity Demand (thousands of pounds) Quantity Supplied (thousands of pounds) Price of Lobster (per pound) $22 0. 360 20 20 320 18 40 280 16 60 240 14 80 200 12 100 160 10 120 120 8 140 80 6 160 40 4 180 Reference: Ref 2-1 Since lobster is an important source of protein and omega-3, the government decides to provide the surplus lobster it purchases to nursing homes at a price of only $12 per pound. Assume that nursing homes will buy any amount of lobsters available at this low price, but families of nursing home patients now reduce their purchases of lobsters at any price by 60 thousand pounds because their family members are…
Q1. Dallas Mavericks’ owner Mark Cuban proved his business intelligence once again with the acquisition of star player Kristaps Porzingis. To benefit from this blockbuster trade even further, Cuban plans to sell one-time-only special edition Porzingis jerseys at a price of $380 each during the first month of the season (i.e., during October 2019 only). The production cost for each of these jerseys would be $100 thanks to their golden details, and any unsold jersey during October will be sold for $80 during November 2019. Knowing the fan base for years, Cuban estimates demand for these special edition jerseys to follow a normal distribution with a mean of 10,000 units and a standard deviation of 2,000. partc. Cuban also plans to sell these special edition jerseys in his vacation resort. Knowing that people are wealthier in the resort, he sets a price of $500 for each jersey (although production cost stays the same). This time however, he cannot sell any unsold jerseys outside the…
Q1 A)Discuss the causes of stock obsolesce in the warehouse. B)
Q.2 AI Muhannad Industrial and Domestic Services, Oman requires on average 4000 sheets of A4 size papers per day at its different office locations in Muscat. Each time the purchase manager orders centrally the A4 size papers, the total expenses incurred to the company are estimated to be 10.6 OMR per order. Presently the company orders 350 reams of papers per order at a flat rate of 2.1 OMR per ream (one ream contains 500 A4 size papers). It takes almost a day for the local supplier to deliver the order. Considering the overall cost of the inventory and the manpower involved, the annual carrying costs for the company is estimated to be 35% of the cost for each ream of the paper. The company operates on 5 days a week over 46 weeks per year. (i) Is the present purchase policy economical for the company? If not, guide the purchase manager in selecting the best economical policy in terms of expected number of orders annually, ordered quantity per order, reorder point and the expected time…
Q.3.2 Mpho is an avid seamstress and want to sew and sell high quality, reusable,designer face masks during the current Covid-19 pandemic. She will design andsew the masks herself and use her automatic embroidery machine to put her logoon each mask sold. With the help of her son, deliveries will be made all overGauteng within 3 days of placing the order. Every mask will have a unique threelayer design with adjustable straps to ensure comfort and fit. Mpho’s only expenseis the material needed to sew the masks and delivery costs. At this stage, Mpho’starget market is limited to Gauteng.Draw a diagram to illustrate the transformation process of Mpho’s new business.Be sure to include all relevant elements, headings and arrows to indicate the flowof products/ services.

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