The utilization is:
A crew of mechanics at the Department of Transportation garage make minor repairs to snowplows during the winter. The snowplows break down at an average rate of 4 vehicles per day and breakdowns are distributed according to the Poisson distribution. The mechanic can service an average of 7 vehicles per day with a repair time distribution that approximates a negative exponential distribution. Assume an 8 hour day.
A) .30.
B) .45.
C) .57.
D) .85.
Answer: C
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Graham Corporation's budgeted production schedule, by quarters, for the coming year is as follows:Quarter 1 = 22,500 unitsQuarter 2 = 19,000 unitsQuarter 3 = 17,000 unitsQuarter 4 = 24,000 unitsEach unit of product requires three pounds of direct material. The company's policy is to begin each quarter with 30% of that quarter's direct materials production requirements.Graham expects to have 50,000 pounds of direct materials on hand at the beginning of Quarter 1.What would be Graham's budgeted direct materials purchases (in pounds) for the first quarter?
What will be an ideal response?
Business market managers would like to know which market segments will have the largest growth in total market demand over some time horizon of interest, such as the next year, three years, or five years
Barnett describes the four basic steps needed in any forecast of total market demand. What are the four steps?