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
When looking around the world today at our global civilization there are many problems that leap to our attention and everyone has a vested interest‚ one such example is food. Science has been tinkering with nature for the past one-hundred years trying to come up with solutions to help fight famine‚ and as a result‚ man made products have created ever more problems. The easiest way in which an individual or individuals can create change is to effect change in their local communities‚ so others can
Premium Organic food Genetically modified organism Pesticide
Jamae Gordoncillo Professor Browne WRT 040 D 25 June 2014 Problems in School Education is the most important factor for the development of human civilization. It is one of the ways that can help us to achieve our goals in the future. However‚ there have been many problems raised throughout the year in regarding to what our school system should be practicing to improve education. These problems consists of self-discipline‚ longstanding bullying and the case about school uniforms should be lessen
Premium Education Bullying High school
A Problem with Price A Problem of Price This vignette is characteristic of what happens when buyers are asleep at the wheel. Sue Jones is a newly promoted buyer that is paying close attention to details of her new job. Sue finds that the companies that have bided in this process are all within about $50 of one another. The strange thing about thus is not the fact that the bids are so close but that the winning bid is not low enough. How does she get her cost down even lower? Sue should focus
Premium Cost Price Procurement
19th century and early 20th century‚ but then war and global depression slowed down and even reversed migratory trends. After the Second World War‚ the number increased again. This is an obvious fact that migration is one of the most significant problems in our world nowadays. People always want to be better and they can sacrifice anything to get what they want even migrating illegally to a richer country. This tendency has created a burden and made many unhealthy influences to our society. There
Premium Human migration Immigration World War II
Oligopoly Problems (Note that second page has some partial answers so that you can check yourself. I think these are correct‚ but I did it quickly. So I will offer one bonus point per mistake for the first person who finds the mistake in my answers with a maximum of 3 points per student.): 1) Demand is given by P=100-Q/2. Two firms compete according to the Cournot model and each has TC=10q. What profit does each firm earn? How would your answer change if the second firm observed the
Premium Oligopoly American films English-language films
Problems at JetBlue On February 14‚ 2007‚ JetBlue’s lack of preparation and poor management decisions caught up with them. They faced a disastrous turn of events that most businesses anticipate and prepare for. Most businesses plan for worse case scenarios and have contingency plans in place to address those problems should they arise. It is imperative‚ for airlines in particular‚ to have contingency plans and be well prepared in case of any and all emergencies. JetBlue’s operations and policies
Premium Risk Decision making
Hematologic Problems Anemia Definition Anemia is a deficiency in the number of erythrocytes (red blood cells RCB)‚ the quantity of hemoglobin‚ and/or the volume of packed RBCs (hematocrit). Because RCBs transport oxygen‚ erythrocytes disorders can lead to tissue hypoxia. Anemia is not a specific disease. It’s a manifestation of a pathologic process. Once anemia is identified‚ further investigation is done to determine its cause. Anemia can result from primary hematologic problems or can develop
Premium Anemia Hemoglobin Red blood cell
Parental Responsibilities In The Upbringing Of Their Children By Ven. Dr. K Sri Dhammananda Parenting is not like any other 9 to 5 job. It is never ending and there is never enough time to do everything. No matter how old your baby is‚ newborn or toddler‚ it is never too late to put your baby first and enjoy being a mum or dad. Many parents think that they alone know what is best for the children and therefore expect too much from them. They force their children into tuition classes even though they
Premium Marriage Family