Hire-a-Car System rents three types of cars at two different locations. The profit contribution made per day for each car type at each location is listed below. Car Type Location Economy Mid-size Luxury A $25 $40 $10 В $30 $35 $45 The management forecasts the demand per day by car type as follows 125 rentals for Economy cars, 55 rentals for Mid-size cars, and 40 rentals for Luxury cars. The vehicle capacity of each location is 100 car in location A and 120 cars in location B.
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- Seas Beginning sells clothing by mail order. An important question is when to strike a customer from the companys mailing list. At present, the company strikes a customer from its mailing list if a customer fails to order from six consecutive catalogs. The company wants to know whether striking a customer from its list after a customer fails to order from four consecutive catalogs results in a higher profit per customer. The following data are available: If a customer placed an order the last time she received a catalog, then there is a 20% chance she will order from the next catalog. If a customer last placed an order one catalog ago, there is a 16% chance she will order from the next catalog she receives. If a customer last placed an order two catalogs ago, there is a 12% chance she will order from the next catalog she receives. If a customer last placed an order three catalogs ago, there is an 8% chance she will order from the next catalog she receives. If a customer last placed an order four catalogs ago, there is a 4% chance she will order from the next catalog she receives. If a customer last placed an order five catalogs ago, there is a 2% chance she will order from the next catalog she receives. It costs 2 to send a catalog, and the average profit per order is 30. Assume a customer has just placed an order. To maximize expected profit per customer, would Seas Beginning make more money canceling such a customer after six nonorders or four nonorders?Assume the demand for a companys drug Wozac during the current year is 50,000, and assume demand will grow at 5% a year. If the company builds a plant that can produce x units of Wozac per year, it will cost 16x. Each unit of Wozac is sold for 3. Each unit of Wozac produced incurs a variable production cost of 0.20. It costs 0.40 per year to operate a unit of capacity. Determine how large a Wozac plant the company should build to maximize its expected profit over the next 10 years.Timely Transport provides local delivery service for a number of downtown and suburban businesses. Delivery charges are based on distance and weight involved for each delivery: 10 cents per pound and 15 cents per mile. Also, there is a $10 handling fee per parcel.a. Develop an expression that summarizes delivery charges.b. Determine the delivery charge for transporting a 40-pound parcel 26 miles.
- PLEASE DON'T COPY AND PASTE THE ANSWER OF THIS QUESTION FROM OTHER SITES. I DIDNT GET A COMPLETE ANSWER ANYWHERE ELSE. The CJ Secondary School requires a new database management system in their library to replace their existing manual system. Accordingly, their database should store information about the members of the library (i.e. students and staff), available books, magazines and such. The following is a more detailed sample of the data required from the two main entities in the system. Library members • Membership number • Name • Type (student/staff/alumni etc.) • Membership validity Library items (books/magazines) • Item ID (i.e. ISBN number, Dewey decimal number) • Author/Editor • Edition (optional) • Abstract • Publisher • Title • Type (book – hard/soft cover, magazine, journal, paper, e-book) • Loan type (time restricted/red spot/normal) Also required in the system is a method to track the library loans and returns. Each member of the library is only allowed a limited number…Need answer ASAP. Please include the solution for the problem. Thank you.Millie wants to install a new carpet in the living room of her house. She calculated the square footage of the room and then multiplied it by a set cost factor to estimate the cost. This is an example of_________ Group of answer choices Parametric estimating Three-point estimating Bottom-up estimating Analogous estimating
- With the rise of e-commerce and m-commerce, this conflict is likely to continue, as more and more companies are finding ways of making their products accessible online and on mobile apps. How insurance companies can manage this conflict? What startegies they should have, except One strategy to manage this conflict is to follow in Allstate’s footsteps by pairing local agents with each online transaction (Stackpole, 2001). Even if the agent’s interaction in the process is minimal, they are still afforded the commission (Stackpole, 2001). This strategy is a win-win situation: customers have the option of purchasing insurance online and enjoying the ease with which that can occur while insurance agents will still receive their commission. Another strategy to manage this conflict could be to use exclusive offerings. Kawasaki chose to sell only accessories on its website, so as not to impede business at its retailers (Stackpole, 2001). Insurance companies could employ a similar strategy by…Please answer and solve with solution & illustration for the attached problem. ThanksAs a potential owner of a club known as Club Salida, you are interested in determining the necessary volume of sales in dollars to reach the breakeven next year. You decided to break down the club's sales into. four categories, where beer is the first. Your estimate of the sale of beer is that it will serve 30,000 servings. The selling price per unit will average $ 1.50; its cost is $ .75. The second category is food, of which you expect sell 10,000 units with an average unit price of $ 10.00 and a cost of $ 5.00. The third category is desserts and wine, of which you also hope to sell 10,000 units, but with an average unit price of $ 2.50 and a cost of $ 1.00. The last category is inexpensive lunches and sandwiches, of which you expect sell a total of 20,000 units with an average price of $ 6.75 and a cost per unit of $ 3.25. Your fixed costs (i.e. rent, utilities, etc.) are $ 1,800 a month plus $ 2,000 a month for entertainment. a) What is your breakeven point in dollars per month? b)…
- The Fish House (TFH) in Norfolk, Virginia, sells fresh fish and seafood. TFH receives daily shipments of farm-raised trout from a nearby supplier. Each trout costs $2.45 and is sold for $3.95. To maintain its reputation for freshness, at the end of the day TFH sells any leftover trout to a local pet food manufacturer for $1.25 each. The owner of TFH wants to determine how many trout to order each day. Historically, the daily demand for trout is: Demand 10 11 12 13 14 15 16 17 18 19 20 Probability 0.02 0.06 0.09 0.11 0.13 0.15 0.18 0.11 0.07 0.05 0.03 a. Construct a payoff matrix for this problem. b. How much should the owner of TFH be willing to pay to obtain a demand forecast that is 100% accurate? give a clear explanation for (b)How do non-linear system models differ from linear models, and what are the challenges associated with analyzing and controlling them?The following data structure and constraints exist for a magazine publishing company:a. The company publishes one regional magazine in each of four states: Florida (FL), South Carolina (SC), Georgia (GA), and Tennessee (TN).b. The company has 300,000 customers (subscribers) distributed throughout the four states listed in Problem 2a.c. On the first day of each month, an annual subscription INVOICE is printed and sent to each customer whose subscription is due for renewal. The INVOICE entity contains a REGION attribute to indicate the customer's state of residence (FL, SC, GA, TN):The company is aware of the problems associated with centralized management and has decided to decentralize management of the subscriptions into the company's four regional subsidiaries. Each subscription site will handle its own customer and invoice data. The management at company headquarters, however, will have access to customer and invoice data to generate annual reports and to issue ad hoc queries such…