Homework Assignment #3 : Quantitative Problem Set 2 Group 6 Q 7.3(Car Rental Company) m= 50 | (hour) | a | 2.4 | CVa | 1.000 | p | 72.0 | CVp | 0.333 | a. The average number of SUVs parked = 50cars × (1 – 60%) = 20cars * Utilization = p / ( a × m) = 72.0 / (2.4 × 50) = 60% b. 1) Analysis of process : a. Calculate Utilization b. Calculate Revenue 2) The daily revenue of this company increase from 2‚400 to 2‚640. (Revenue increases about 240)
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Overview: The ISFJ personality type is perhaps the most altruistic and supportive of all types. Forming around 12.5% of the population‚ ISFJs rarely sit idle – there is always a worthy cause awaiting their attention. Most personalities are quite willing to reciprocate when it comes to good deeds; however‚ ISFJs take that to a higher level‚ often going above and beyond what is actually expected of them. People belonging to this type thrive in areas that are both traditional (they are SJs‚ after all)
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Netflix Political and Legal factors Government regulate the tax-policy for internet commerce. The policy was change and there is no assurance that increasing will not happened again. An increase in the amount of revenue will be possible if the government will provide stronger piracy laws. Also‚ all providers in the movie industry have followed the rules from the Motion Picture Association of America. For a company such as Netflix‚ it is easy to control‚ but the responsibility will be on users
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1. ------------------------------------------------- Consider a firm with a daily demand of 100 units‚ a production rate per day of 500 units‚ a setup cost of $200‚ and an annual holding cost per unit of $10. Suppose that the firm operates 300 days per year. How many units of inventory must their storage area be able to hold? ------------------------------------------------- Answer | | close to 975 | | | close to 980 | | | close to 1095 | | | close to 1224 | | | close to 1225 | 5 points
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FOUNDATIONS OF MANAGEMENT (PART A) LEGO Group Marketing and Operations Management Report Prepared: For: LEGO Group By: Éva Gaál On: 17 November 2008 Introduction At the request of the LEGO Company‚ this report advises the company on the expansion of its operation based on market segmentation‚ appropriate marketing mix‚ new product design and development‚ including total quality management for outsourcing new partners. LEGO Group is the fifth-largest toy manufacturer of
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Final Exam This exam is to be completed as an individual assignment. Each question is from a corresponding chapter. For example‚ question 1 is from Chapter 1 and so on. Write 2-3 paragraphs for each of the four questions you choose to answer. In addition to your textbook‚ you should use and cite at least one other credible source and/or case study for each of the four questions you answer. 1. Select two of the "principles of communication" explained in your text. For each of your chosen
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II S tandard d eviation o f weekly d emand SKU service level WC219 $0.15 13‚000 WC008 1.20 22‚500 WC916 3.25 400 WC887 0.41 6;200 WC397 4.65 12‚300 WC654 2.10 350 WC007 0.90 225 WC419 0.45 6‚500 WC971 7.50 2‚950 WC713 1 200 1‚500 9 0 p ercent C urrent o n-hand inventory 3 5 calculators Scheduled receipts 2 0 c alculators Backorders Exhibit 12.13 ABC D ata f or Problem 3 3.75 calculators
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New Product Development at HPM Company Background • HPM Industries is a privately owned company established in 1925. Its core business is in the design‚ manufacture and distribution of electrical wiring accessories such as electrical power plugs‚ power outlets and light switches. • The company had its origins in button production‚ when Ruth Simon’s parents (Ruth is the wife of the current chief executive officer‚ Peter Simons) started HPM in the button-moulding business. • In 1948 they
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Constitutes of Good Writing There are so many things to make good writing in my opinion. A good writer writes everything focused and clear. The good writer is always organized in his writing. A logically organized piece of writing is always clear and understandable to the readers. It is very important when a writer chooses his topic for writing‚ the story and ideas should be relevant to the subject and when a reader reads your story he should feel everything in his mind and
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QUESTION 1: Exercise 1 A small firm produces two qualities of a product – Standard and De-Luxe. The contribution per unit is £100 for the Standard and £300 for the De-Luxe. Each model requires 1 hour per unit in the machine shop and 40 machining hours are available per week. The Standard model can be assembled and finished in 2.5 hours per unit but the De-Luxe takes 10 hours per unit. There are 200 hours per week available for assembly and finishing. Market research suggests that the maximum
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