Problem 1 A gas station with only one gas pump employs the following policy: if a customer has to wait‚ the price is $3.50 per gallon; if they don’t have to wait‚ the price is $4.00 per gallon. Customers arrive according to a Poisson process with a mean rate of 20 per hour. Service times at the pump have an exponential distribution with a mean of 2 minutes. Arriving customers always wait until they can by gasoline. Determine the expected price of gasoline per gallon. Problem 3 The Old Colony theme
Premium Poisson distribution Probability theory Filling station
Problem 1 On January 1‚ 2008‚ Arlo Company purchased the following two machines for use in its production process: Machine A: The cash price of this machine was $55‚000. Related expenditures included: sales tax $2‚750‚ shipping costs $100‚ insurance during shipping $75‚ installation and testing costs $75‚ and $90 of oil and lubricants to be used with the machinery during its first year of operation. Arlo estimates that the useful life of the machine is 4 years with a $5‚000 salvage value
Premium Depreciation Stock 1966
Answer 7. The Taguchi Loss Function for PlataLimpia‚ Inc. part is: L(x) = k (x - T)2 $15 = k (0.025)2 k = 24000 L(x) = k (x - T)2 = 24000 (x - T)2 8. A team was formed to study the dishwasher part at PlataLimpia‚ Inc. described in Problem 7. While continuing to work to find the root cause of scrap‚ they found a way to reduce the scrap cost to $10 per part. a. Determine the Taguchi loss function for this situation. b. If the process deviation from target can be held at 0.015 cm
Premium Taguchi methods Resistor Decision theory
possible time. A serious challenge facing Tony Wang was in replacing these managers with competent and motivated KFC managers who spoke Mandarin Chinese and preferably some English. Even in Singapore and Hong Kong these people were hard to find. c. Problems with employees and
Premium Management China Chinese language
When victims of cybercrime seek aid from the courts‚ they expect to be compensated financially and that they would be treated with respect and that they will get help to resolve their problem (vision statement). The scale of cybercriminal activity represents a considerable challenge to law enforcement agencies and the total cost of cybercrime to society is significant. A recent report suggests that victims lose around $290 billion each year worldwide as a result of cybercrime‚ making it more profitable
Premium Victim Law enforcement agency Police
Quindlen’s problem The problem Quindlen has is Child Hunger. The entire essay is about child hunger in america. In the first paragraph she was talking about public service announcements on child hunger‚ and that there were a fairly unanimous response from the participants. With what seems like a sarcastic tone she says “Not here. Not in America‚ if there was we would hear about it by reading it in papers or seeing it on the news and we would fix it.” Anna questions the slogan The Sooner You Believe
Premium Nutrition Food Obesity
employees. The chief method by which a business or company can accomplish this task is through employee-centered motivational programs. While being an assistant manager at Old Navy I was able to look into how the business motivated its employees‚ what problems arose from the companies motivation policies and the techniques I chose to implement to create a better workplace. The goals of the motivation programs are to encourage employees to maximize their performance by targeting three specific motivational
Premium Motivation
Background to the Problem In today’s global business environment finding‚ acquiring‚ and retaining the skilled leaders and managers to public and private businesses are difficult. The challenges include business process‚ re-engineering‚ organizational development/learning and information technology (IT) (Swapna‚ R.‚ & Raja‚ K. G. 2012). Avolio et.al introduced several new researchers studying leadership which have taken leadership into new thoughts and knowledge. One is Parry introduced
Premium Generation Y Leadership Demographics
There are many social problems that teenagers go threw. Drugs and Teenagers Drug use is the increasing problem among teenagers in today’s high schools. Most drug use begins in the preteen and teenage years‚ these years most crucial in the maturation process. During these years adolescents are faced with difficult tasks of discovering their self identity‚ clarifying their sexual roles‚ assenting independence‚ learning to cope with authority and searching for goals that would give their lives meaning
Premium Adolescence Drug addiction Human sexual behavior
Philippines was ranked 12th in the most populated country in the world with a total of 101‚833‚938 as of July 2011. As years gone by‚ the population in the Philippines rapidly increase‚ which gives rise to other social problems like‚ poverty‚ juvenile delinquency‚ and other problems of the same. And what’s more depriving is that‚ the Philippines also face some economic crises which further burden the government. Family planning is one of the most effective ways to slow down the growing population
Premium Sociology Family Social exclusion