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Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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F L Q Search Cedar Point is an apartment complex that has 200 Cedar Point? those units, 12 are unoccupied. What is the vacancy 6% 94% 16.6% 0.06% ** L J
11. Leo manages a receiving station for rice. Farmers deliver their loads of rice from 7 am to 7 pm. Leo can process them at a rate of 4.5 tons an hour, and on a heavy day, a total of 96 tons can be expected. The station has room to hold only 15 tons of rice in inventory prior to processing. Once this space is filled, the farmers’ trucks must wait to dump their contents. What is the throughput (flow) rate after 7 pm (in tons/hr)?
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19-33 Waiting times, manufacturing cycle times. The IVplast Corporation uses an injection molding ma- chine to make a plastic product, Z39, after receiving firm orders from its customers. IVplast estimates that it will receive 40 orders for Z39 during the coming year. Each order of Z39 will take 120 hours of machine time. The annual machine capacity is 6,800 hours. 1. Calculate (a) the average amount of time that an order for Z39 will wait in line before it is processed and (b) the average manufacturing cycle time per order for Z39.
L. Winston Martin (an allergist) has an excellent system for handling his regular patients who come in just for allergy injections. Patients arrive for an injection and fill out a name slip, which is then placed in an open slot that passes into another room staffed by one or two nurses. The specific injections for a patient are prepared, and the patient is called through a speaker system into the room to receive the injection. At certain times during the day, patient load drops and only one nurse is needed to administer the injections. Use Exhibit 712. Let's focus on the simpler case of the two-namely, when there is one nurse. Also, assume that patients arrive in a Poisson fashion and the service rate of the nurse is exponentially distributed. During this slower period, patients arrive with an interarrival time of approximately 3 minutes. It takes the nurse an average of 2.50 minutes to prepare the patients' serum and administer the injection. a. What is the average number of patients…
.A team of 10 unloaders is employed in good reception bay of a large warehouse. During an 8 hour day 40 lorries arrive and it takes the team 10 minutes to unload each lorry. Each team member is paid RM3 per hour and it costs RM10 per hour to keep lorries waiting. Studies show that increasing the team to 14 men would reduce the unloading time to 7 minutes. Would it be worthwhile increasing the team to 14?
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A small popular restaurant at an interstate truck stop provides priority service to truckers. The restaurant has ten tables where customers may be seated. The service time averages 40 minutes once a party is seated. The customer arrival rate is 12 parties per hour, with the parties being equally divided between truckers and non-truckers.On average, how many parties of truckers are waiting to be seated? Question 1 options: 0.27. 0.52. 0.88. 1.36. 1.75.
using spreadsheet models Using the Reciprocal Method allocate service centre costs Manufacturing $910,000 Assembly $175,000 Maintenance $472,000 Robotics $675,000 Department No. of Maintenance Jobs No. of Robotic Machines Manufacturing 265 16 Assembly 75 52 Maintenance 10 Robotics 28
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24V÷ CS Scared with Cancer R₁ = 6-2 wn R4=10-2 R2=10-2 R3 40-22