Operations Management
17th Edition
ISBN: 9781259142208
Author: CACHON, Gérard, Terwiesch, Christian
Publisher: Mcgraw-hill Education,
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Chapter 15, Problem 1C
Summary Introduction
Case summary:
The case deals about the information on the number of passengers visiting Country during the year 2012 and 2013 each month from the various airports. These airports are busiest international travel and popular destinations.
To determine: A possible way to estimate the passenger volume for the coming year.
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High-Low Method for a Service Company
Boston Railroad decided to use the high-low method and operating data from the past six months to estimate the fixed and variable components of transportation costs. The activity base used by Boston Railroad is a measure of railroad operating activity, termed “gross-ton miles,” which is the total number of tons multiplied by the miles moved.
Transportation Costs
Gross-Ton Miles
January
$1,245,000
332,000
February
1,388,100
371,000
March
981,000
240,000
April
1,330,800
359,000
May
1,116,200
289,000
June
1,431,000
390,000
Determine the variable cost per gross-ton mile and the total fixed cost.
Variable cost (If required, round to two decimal places.)
$fill in the blank 1
per gross-ton mile
Total fixed cost
$fill in the blank 2
3.
Figure 1
Daily Subway and Bus Use in Five Major Cities
0.75
0.5
0.25
Subway
OBus
London
Tokyo
Singapore
Hong Kong
Figure 2
Subway vs. Bus Ridership, New York City
OBus
Subway
1970
1980
1990 2000 2010
Information in figure I suggests that public
transportation users in London
Information in Figure I supports the author's point
that buses are growing in popularity as a means of
urban transport by indicating that
A) take subways and buses at similar rates.
B) are unusually reliant on buses.
C) take at least one subway trip daily.
D) take subways at about the same rate as people
A) many people around the world take at least one
bus trip every day.
B) bus ridership surpasses subway ridership in
some major cities.
C) people in Tokyo make far more trips by bus
daily than they do trips by subway.
D) the number of bus trips taken by people in
major cities has substantially increased.
in New York.
2
Which of the following statements about bus use
in New York City is best supported by…
What is the fundamental distinction between a weighted average travelling and exponential smoothing?
Chapter 15 Solutions
Operations Management
Ch. 15 - When creating a time seriesbased forecast for the...Ch. 15 - Prob. 2CQCh. 15 - Prob. 3CQCh. 15 - Prob. 4CQCh. 15 - Prob. 5CQCh. 15 - Prob. 6CQCh. 15 - Prob. 7CQCh. 15 - Prob. 8CQCh. 15 - Using the moving average forecast, is it possible...Ch. 15 - Prob. 10CQ
Ch. 15 - Prob. 11CQCh. 15 - Prob. 12CQCh. 15 - Prob. 13CQCh. 15 - Deseasonalizing old demand data is the process of...Ch. 15 - Prob. 15CQCh. 15 - Prob. 1PACh. 15 - Prob. 2PACh. 15 - Prob. 3PACh. 15 - A police station had to deploy police officers for...Ch. 15 - MyApp is a small but growing startup that sees...Ch. 15 - Prob. 6PACh. 15 - Prob. 7PACh. 15 - Prob. 1CCh. 15 - CASE INTERNATIONAL ARRIVALS The U.S. Department of...Ch. 15 - Prob. 3C
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