shown as follow: b. The market rate of substitution is the rate at which good X (or good Y) may be traded for good Y (or good X) in the market. It is the slope of the budget line. So if we calculate the slope of the budget line above‚ we can get the market rate of substitution in this case. Steps: 1. The Slope of budget line= (M/Py)/(M/Px)= Px/Py 2. Px/Py=15/5=3 3. Thus‚ the market rate of substitution in this case is 3. Interpretation: This means that in order to get one unit of good X‚ we have
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Waiting Line Analysis McDonalds - Dago Benediktus Duan Putra Jeremy Joseph Kristianto Wicaksana McDonalds Waiting Line Objective To study the reliability of the McDonalds delivery system to provide a meal & beverages to a customer prior to reaching their critical wait time. McDonalds provides several queues in parallel‚ the first for ordering and paying‚ and the second‚ an (invisible) station where customers wait while their food is gathered and served. The time it takes to cook the food is
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The "Brandt Line"‚ created by Willy Brandt in the 1980s‚ is a visual representation of developing and developed countries in the north and south side of the world. Since the original Brandt line just represents the economy of a state‚ this essay’s objective will be to recreate a new Brandt line‚ with updated data‚ using other two different developing indicators.1 For this reason‚ the new self-made Brandt line will show the current situation of the northern and southern art of the world by using
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Waiting Lines & Queuing Models American Military University Business 312 For my project on other operations research techniques I have decided to research waiting lines and queuing models. My interest in this application stems from my personal dislike for standing in lines and waiting on hold while on the phone. This is virtually my only pet peeve; nothing aggravates me faster than standing in a line or waiting on hold. Like most people I go out of my way to avoid lines‚ using strategies
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Sept/16/2013 Literature – Craig: 1-3 Beowulf Analysis lines 100 - 125 Lines 100 – 125 in Beowulf are full of paganism and descriptions of the horror brought by Grendel‚ all with the intention of glorifying God and reminding the audience of His importance. These lines are rich with cacophonous alliterations in order to set a tone of eerie foreboding as they tell how the king’s people’s turned from God towards
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as continuous‚ assembly line‚ batch‚ job shop‚ or project: Doctor’s office. Automatic car wash College curriculum. Studying for an exam. Registration for classes. Electric utility. Doctor’s office – job shop or project. All patients do not require the same procedures‚ namely the service offered are custom in nature. Automatic car wash – assembly line flow. There is a linear sequence of operations common to all cars. College curriculum – can be any: Assembly line flow: if same curriculum
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Consider the following equation: MRSXY < PX/PY where MRS = marginal rate of substitution x and y are two goods P = price < = is less than {draw:frame} The graph above shown us the indifference curve budget line diagram which explaining the equation MRSXY < P X / PY. There are two ways to measure the consumer preferences or what the consumer wants. The first one is by trying to put a ‘value’ on the satisfaction a consumer obtains from consuming a ‘unit’ of
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Contents Product Annual Demand Daily Demand1 Weekly demand2 Level 0 Level 1 Level 2 Hub 1 2‚100 8.4 42 Sleeve (1) 2‚100 8.4 42 Mount (4) 8‚400 33.6 168 Bracket (2) 16‚800 67.2 336 Bolt (2) 16‚800 67.2 336 Hub 2 1700 6.8 34 Sleeve (1) 1‚700 6.8 34 Mount (5) 8‚500 34 170 Bracket (2) 17‚000 68 340 Bolt (2) 17‚000 68 340 Hub 3 2‚000 8 40 Sleeve (1) 2‚000 8 40 Mount (4) 8‚000 32 160
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a. What are the major steps to be taken before the actual tendering process (i.e. Process for invitation for bids) can be initiated? Include approvals have to be taken from various agencies outside the Transco. 1. Transmission System Planning 2. Feasibility Report Preparation 3. Approval from Board of Directors/Government 4. Gazette Notification 5. Signing of Bulk Power Tariff Agreement. 6. Funding Tie up. 7. In Principle Approval from Ministry of Environment & Forest. 7. Design
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Kevin Pfeiffer‚ a computer technician employed by Empress Luxury Lines for the past two years‚ had provided a plan to upgrade the computer system. Unfortunately‚ the computer system was hit by a powerful thunderstorm wiping out connectivity on the popular cruise liner. When Kevin investigated the damage he realized the underground wires and computer circuits could be repaired for roughly $15‚000. His Supervisor at Empress Luxury Lines‚ Phil Bailey made a phone call which in turn presented an ethical
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