congestion at the boat-launching ramp near Mansfield Dam. On weekends‚ the arrival rate averages 5 boaters per hour‚ Poisson distributed. The average time to launch or retrieve a boat is 10 minutes‚ with negative exponential distribution. Assume that only one boat can be launched or retrieved at a time. a.) The LCRA plans to add another ramp when the average turnaround time exceeds 90 minutes. At what average arrival rate per hour should the LCRA begin to consider adding another ramp? b.) If there
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Study Guide for the Second Exam Aggregate Production Planning (APP) 1. What are the major inputs‚ constraints‚ and outputs of the aggregate production plan (APP)? Inputs - Strategic objectives of the corporation‚ policies‚ demand. Constraints - financial constraints (cash) and capacity constraints (machining capacity‚ limited labor in certain skill category‚ a critical component and/or raw material.) Outputs - is to determine the gross levels of inventory‚ overtime‚ subcontracting‚ backordering
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cars on an assembly line basis? A change in production to a redesigned and retooled facility 13 the law of diminishing returns in a manufacturing plant of a fixed capacity implies that‚ eventually‚ employing one: More workers will decrease the average amount of output
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persuade Abi and‚ feeling there is nothing "genuine" worth purchasing‚ buys the ticket for Abi. The judges Wraith‚ Hope‚ Charity‚ and the public like Abi singing "Anyone Who Knows What Love Is"‚ however they state there is no space for a "Above Average Singer" and rather allow Abi to end up as a porn actress in a television show called "Wraith Babes". Subsequent to incitation from the judges and the public‚ Abi agree. Bing comes back to his room without Abi and any merits.
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serving the entire world market‚ Brazil cannot enter the market because its average cost is higher than the world price. [pic] 3. (a) ACB1 = 15.5 - (1/2) QB DB = 10 - (1/2)p --> p = 20 - 2DB When p = AC‚ we have: 20 - 2DB = 15.5 - (1.2) QB 4.5 = 3/2 QB1 QB1 = 3 pB1 = 14 Thus‚ if ACB1 is the correct estimate of the average cost curve‚ pB1 = 14 b) When ACB2 is the correct estimate of the average cost curve‚ we have: 20 - 2DB = 15.5 - 3/5QB 2.5 = 7/5QB QB2 = 3.2
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20 X 1 = $5‚250‚000 20 X 2 = $5‚500‚000 20 X 3 = $6‚000‚000 20 X 4 = $6‚750‚000 Forecast personnel expenses for fiscal year 20X5 using moving averages weighted moving averages‚ exponential smoothing‚ and time series regression. For moving averages and weighted moving averages‚ use only the data for the past three fiscal years. For weighted moving averages‚ assign a value of 1 to the data for 20 X 2‚ a value of 2 to the data for 20 X 3‚ and a value of 3 to the data for 20 X 4. For exponential smoothing
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the parts. a) (i) Average cost curve as plotted in excel. (ii) For optimal quantity‚ differentiate the trend-line equation and equate it to 0. 2*0.0492x-0.5549 = 0 x = 5.639228 (iii) Optimal quantity is greater than combined quantity of 5 units; hence cost synergies will be realized by economies of scale. Both target and acquirer firm move closer to optimum quantity‚ the merger will produce cost synergies. b) (i) Average cost curve as plotted
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thousand in the next week…The total cost would be $15‚000 dollars”( Burkhard‚ Part 1‚ Paragraph 5). The total cost of the procedure is more than 50 percent of the average American salary. That 15 thousand dollars could be used to buy the necessities for a small family‚ spending this much on a pet is just irresponsible considering the average life span of a dog is about 10-13 years and the time it would take to pay back this debt would more than likely outlive the pet. We only pay for the operations
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few true human satisfactions. For reasons that are not hard to imagine‚ this particular approach was short-lived‚ even among critics of American society and culture. It seemed too patronizing to talk about manipulation or the "true needs" of average Americans. In its stead‚ critics adopted a more liberal point of view‚ and deferred to individuals on consumer issues. Social critics again emphasized the distribution of resources‚ with the more economistic goal of maximizing the incomes of working
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do they represent? A graph of economies of scale shows that average costs per unit of output fall when the quantity of output increases. However‚ this decrease in the average cost per unit of output occurs at a decreasing rate. Economies of scale show the cost advantages larger firms have in some industries‚ like basic metals‚ where costs per unit fall with the cumulative volume of output. A graph of a learning curve shows that average costs per unit of output fall when the cumulative quantity of
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