A small Caribbean airline has been receiving complaints about its airport check-in procedure. You are asked to provide input into the process. You find that they have six people assigned to checking in passengers. The steps are:1. Check documents – 4 minutes2. Check in, boarding pass – 6 minutes3. Security check in – 10 minutes4. Customs preparation – 4 minutes5. Manual security check – 8 minutes6. Collect boarding pass – 1 mina) Draw the flow diagram and include cycle times and capacity.b) Where is the bottle neck?c) What is system capacity and efficiency?d) How might you improve the capacity and efficiency without adding more staff? What is your new capacity and efficiency? Where is the bottle neck?
Answers
a) Flow diagram of the caribbean airlanes with cycle times and capacity:
Start -> Check documents (4 mins) -> Check in, boarding pass (6 mins) -> Security check in (10 mins) -> Customs preparation (4 mins) -> Manual security check (8 mins) -> Collect boarding pass (1 min) -> End, Capacity = 6 people and Cycle time = 33 minutes
b) The bottleneck is the Security check in step with a cycle time of 10 minutes.
c) The system capacity would be 14.5 passengers per hour (480/33). Efficiency would be 100%.
d) To improve capacity and efficiency without adding more staff, one option is to optimize the process by rearranging the steps. This would reduce the cycle time to 32 minutes, which would increase capacity to 15 passengers per hour (480/32) and maintain 100% efficiency. The bottleneck would still be the Security check in step
"cycle time" refers to the time it takes to complete one full cycle of the check-in process. So, in this case, it would be the total time it takes for a passenger to go through all six steps.
"Capacity" refers to the maximum number of passengers that can be checked in within a given period of time. For example, if the airline has a flight departing every hour and each flight can accommodate 150 passengers, then the capacity of the check-in process would need to be at least 150 passengers per hour.
In terms of efficiency, we're looking at how well the system is performing compared to its maximum potential. In other words, if the check-in process is designed to handle 150 passengers per hour but is only able to process 100 passengers per hour, then the efficiency would be 100/150, or 67%.
The bottleneck is the point in the process where the flow of passengers is slowed down or restricted. In this case, it would be the step that takes the longest time, as that step will determine the maximum capacity of the system.
To improve capacity and efficiency without adding more staff, we would need to look at ways to reduce the cycle time of the bottleneck step. For example, we could invest in more efficient document scanning technology or streamline the security and customs preparation steps to reduce wait times.
By reducing the time it takes for the bottleneck step, we could increase the capacity and efficiency of the check-in process.
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Related Questions
McGilla Golf has decided to sell a new line of golf clubs. The clubs will sell for $815 per set and have a variable cost of $365 per set. The company has spent $150,000 for a marketing study that determined the company will sell 55.000 sets per year for seven years. The marketing study also determined that the company will lose sales of 10.000 sets of its high-priced clubs. The high-priced clubs sell at $1,345 and have variable costs of $730. The company will also increase sales of its cheap clubs by 12.000 sets. The cheap clubs sell for $445 and have variable costs of $210 per set. The fixed costs each year will be $9.45 milion. The company has also spent $1 milion on research and development for the new clubs. The plant and equipment required will cost $39.2 million and will be depreciated on a straight-line basis. The new clubs will aiso require an increase in net working capital of $1.85 million that will be returned at the end of the project. The tax rate is 25 percent, and the cost of capital is 10 percent. Calculate the payback period, the NPV, and the IRR. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g. 32.16. Enter the IRR as a percent
Answers
McGilla Golf is planning to introduce a new line of golf clubs. The selling price of the golf club set will be $815 and the variable cost will be $365. The cost of the marketing study is $150,000, and it predicts the sale of 55,000 sets per year for seven years.
It is determined that 10,000 sets of high-priced clubs will be lost and 12,000 sets of low-priced clubs will be increased. The fixed cost will be $9.45 million per year, and R&D will be $1 million.The project will require $39.2 million in plant and equipment, which will be depreciated on a straight-line basis. The new clubs will also require an additional net working capital of $1.85 million that will be returned at the end of the project. The cost of capital is 10%, and the tax rate is 25%.We are asked to find the payback period, NPV, and IRR.
Payback period The payback period can be defined as the time required to recover the initial investment. Therefore, we can calculate the payback period by dividing the initial investment by the expected annual cash inflows.The NPV can be defined as the sum of present values of all expected cash inflows and outflows. Net Present Value = $7,208,193.00 IRR We can use the IRR function in excel to calculate the IRR. The IRR will be 37.15%.Therefore, the payback period is 0.69 years or 8.28 months, the NPV is $7,208,193.00, and the IRR is 37.15%.
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What should a company consider when choosing a celebrity to endorse its products? Explain.
Answers
Answer:
Explanation:
Celebrity endorsement on a product is vital in increasing brand recognition and having more customers and improvement in sales. Some of the things that should be considered when choosing a celebrity for endorsement of a product include:
1. Identification of their interest: It's vital for the celebrity to have thesame interest with the product to be endorsed. The brand should share the celebrities passion.
2. Their audience engagement should also be considered. It is vital to have celebrities that have a strong followership and large fanbase. This will help in driving ones sales.
3. Celebrities that are controversial and have negative history should be avoided. This can have a negative impact on ones product. For example, using a celebrity that is known to be a drug addict or have a vile lifestyle.
Question 5
If you are using data-driven decision-making, what action steps would you take? Select all that apply.
Answers
If you are using data-driven decision-making, the action steps you would take include collecting and analyzing data to identify trends and patterns. Here option A, B, C, and D are the correct answer.
Using data to inform and guide decision-making (option b), continuously monitoring and evaluating the effectiveness of decisions (option c), and making adjustments to decisions based on data analysis (option d). Options e, ignoring data and making decisions based on intuition, is not a step in data-driven decision-making.
Data-driven decision-making involves using data to make informed decisions. By collecting and analyzing data, you can identify trends and patterns that can help guide your decision-making. Continuously monitoring and evaluating the effectiveness of your decisions allows you to make adjustments based on data analysis. This approach helps ensure that your decisions are based on evidence rather than intuition.
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Complete question:
If you are using data-driven decision-making, what action steps would you take? Select all that apply.
a. Collect and analyze data to identify trends and patterns.
b. Use data to inform and guide decision-making.
c. Continuously monitor and evaluate the effectiveness of decisions. d. Make adjustments to decisions based on data analysis.
e. Ignore data and make decisions based on intuition.
Before you move forward, summarize the changes you will need to make to your new budget. Describe these changes in at least two sentences.
Answers
Answer: yes
Explanation:
The right answer on edge is: I need to change my budget so that I save at least $300 per month. Over twelve months, this will increase my savings by $3,600. I also need to change my budget to save for a new computer, so I need to save an extra $100 a month for that. In total, I need to save $400 a month.
Answer:
The right answer on edge is: I need to change my budget so that I save at least $300 per month. Over twelve months, this will increase my savings by $3,600. I also need to change my budget to save for a new computer, so I need to save an extra $100 a month for that. In total, I need to save $400 a month.
Explanation: I just did the test an got a 100
The following data is given about an insurance claim adjustment process. Resource Pool (i) Unit Load (minutes per claim) (Ti) Effective Capacity of a Resource Unit (claims per minute) (1/Ti) Number of Units in the Resource Pool (ci) Effective Capacity of a Resource Pool (claims per minute) (ci/Ti) Mailroom clerk 0.5 Data-entry clerk 5.5 Claims processor 8.0 Claims supervisor 2.5 Using the appropriate data, calculate the Effective Capacity of one mailroom clerk in claims per minute.
Answers
Effective Capacity of one mailroom clerk in claims per minute Effective capacity is calculated using the formula "Effective capacity = 1 / unit load (in minutes per claim)".
The unit load of the mailroom clerk is 0.5 minutes per claim. Hence, Effective Capacity of the mailroom clerk is 1 / 0.5 = 2 claims per minute
Therefore, the effective capacity of one mailroom clerk in claims per minute is 2.In conclusion, the Effective Capacity of one mailroom clerk in claims per minute is 2.
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data associated with various groups of individuals, such as employees and other stakeholders who might be integral for an organization's success, are called . group of answer choices people data confidential data personally identifiable data anonymous data
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Personally identifiable data (PII) is a term used to describe any information that can be used to identify a specific individual.
This type of data is often collected and stored by organizations in the course of their business activities and includes information such as:
NameSocial Security numberDate of birthHome addressEmail addressPhone numberPassport numberDriver's license numberBank account informationPII is considered sensitive information, as it can be used for identity theft, financial fraud, and other types of malicious activities if it falls into the wrong hands. It is therefore important for organizations to take measures to protect this type of data and to ensure that it is handled in a responsible and secure manner. Organizations that collect, store, or process PII must comply with a range of privacy laws and regulations, such as the General Data Protection Regulation (GDPR) in the European Union, the California Consumer Privacy Act (CCPA) in the United States, and others. These laws set standards for how organizations must handle PII, including requirements for data security, data retention, and data destruction, as well as the right of individuals to access and control their own PII. In conclusion, personally identifiable data refers to information that can be used to identify a specific individual, such as employees and other stakeholders who might be integral for an organization's success. It is important for organizations to take measures to protect this type of data and to ensure that they are in compliance with relevant privacy laws and regulations.
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An insurance premium is...
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Answer:
a monthly payment that ensures insurance coverage for a person.
Explanation:
An insurance premium paid on an insurance policy is referred to as a periodic payment made at regular intervals or in lump sum in order to insure the mishappening of an event against which such insurance has been taken.
What is the significance of an insurance premium?An amount, which is paid against the insurance of claim for mishappening of a particular event, is known as an insurance premium. The frequency of payment of an insurance premium is fixed and predetermined. Non-payment of insurance premium may lead to cancellation of policy.
An insurance premium is like a small proportion of the insured amount made against such event. It is worth to be noted that the payment of insurance premium paid can never be more than the actual amount insured by a person.
Therefore, the significance of an insurance premium has been aforementioned.
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Using one or more of the methods presented in this chapter,
calculate the present value of $50000 to be received 10 years from
today, discounted at 6 percent.
Answers
To calculate the present value, we can use the formula for present value of a single future cash flow. By discounting the future amount, we determine its equivalent value in today's dollars.
The formula for present value (PV) of a future cash flow is:
\(PV = FV / (1 + r)^n\)
Where:
PV is the present value
FV is the future value
r is the discount rate
n is the number of periods
Plugging in the values:
\(PV = $50,000 / (1 + 0.06)^{10}\)
\(PV = $50,000 / (1.06)^{10}\)
PV ≈ $50,000 / 1.790847
PV ≈ $27,900.23
Therefore, the present value of $50,000 to be received 10 years from today, discounted at a 6% rate, is approximately $27,900.23. This means that if we want to have the equivalent value of $50,000 in today's dollars, considering a discount rate of 6% over a 10-year period, we would need approximately $27,900.23.
Discounting the future cash flow takes into account the time value of money, reflecting the notion that money today is generally worth more than the same amount in the future due to factors like inflation and opportunity cost. By calculating the present value, we can make more informed decisions about investments, loans, and financial planning.
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The impact of Furman v. Georgia (1972) was that states had to
promise to use the death penalty only with approval from the Supreme Court.
throw out the old Miranda warning and write a new one.
agree to throw out all state laws regarding crime and impose national standards.
create clear standards to be applied fairly before imposing the death penalty.
Answers
Answer: D.create clear standards to be applied fairly before imposing the death penalty.
Explanation: The answer it's right there
The impact of Furman v. Georgia (1972) was that states had to
create clear standards to be applied fairly before imposing the death penalty.The Furman v. Georgia caseThis was a case that had to do with the cruel and the unusual way that people faced in the death penalty.
The case ruled that the death penalty was unconstitutional if it was applied in a discriminatory way.
It ruled that the eight amendment was being violated if used in this way.
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Scholarships awarded for high GPAs or test scores are based on _____.
Answers
Answer: Merit-based...
who is the richest person in america and what is their net worth?
Answers
the length and Length breadth and height of a room in a house are 8m 6m and 4m respectively the house on a decides to paint the four walls of the room at the cost of ,0.04 square of wall how much will the owner spend in painting the walls
Answers
Answer:
\(Cost\ of\ 112m^2 = 4.48\)
Explanation:
Given
Dimension
\(Length= 8m\)
\(Breadth = 6m\)
\(Height = 4m\)
Cost per \(m^2\) = 0.04
Required
Determine the total cost to paint 4 walls
First, we need to calculate the area of the 4 walls.
\(Area = 2*(Length * Height) + 2 *(Breadth * Height)\)
Substitute values for Length, Breadth and Height
\(Area = 2*(8m* 4m) + 2 *(6m* 4m)\)
\(Area = 2*(32m^2) + 2 *(24m^2)\)
\(Area = 64m^2 + 48m^2\)
\(Area = 112m^2\)
Cost per \(m^2\) = 0.04.
\(Cost\ of\ 112m^2 = 112 * 0.04\)
\(Cost\ of\ 112m^2 = 4.48\)
the initial valuation of purchased intangible assets requires that the intangible asset is recorded at
Answers
Answer: original cost
Explanation:
The initial valuation of purchased intangible assets requires that the intangible asset is recorded at the original cost.
What is the asset?A resource having economic worth that a person, business, or nation possesses or controls with the hope that it would someday be useful is referred to as an asset. The balance sheet of a business lists assets. They are divided into four categories: tangible, financial, fixed, and current.
The complete cost of purchasing an asset is known as the original cost. The whole costs associated with purchasing and using an asset are taken into account when calculating its initial cost.
Therefore, As a result, The term original cost refers to the initial valuation of purchased intangible assets.
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Whether risk is present in employment
Answers
Answer:
Step by step explanation
___________________________ is not the most important factor in choosing a school. Ideally, a student should find the school that will best suit his or her educational and training needs, as well as fitting his or her personality. If two or more schools are “tied,” then cost can be a determining factor.
Answers
The cost of a school is not the most crucial consideration when selecting one. Hence option A Affordability is correct.
What are factors that should be consider ?The most crucial variables were the tuition cost and the types of courses available since without a reasonable tuition cost, it would be difficult to pay for school. Additionally, if the institution didn't offer the courses you expected to find there. You won't correctly select and enroll in their school.
Our options included schools with good facilities. Due to their expensive tuition and the improper courses they offered, we decided against them.
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Why does investing in stocks often yield a higher rate of return than investing in certificates of deposit?
A) There is a risk that investors in stocks will lose all of their investments if the company in which they invested fails.
B) There is a risk that investors in stocks will be forced to sell their shares of a company if the company goes bankrupt.
C) There is a risk that investors in stocks will be forced to invest more money in a company if the company cannot pay its debts.
D) There is a risk that investors in stocks will be criminally charged for any wrongdoing on the part of the company in which they invested.
Answers
Answer:
Letra D)
Explanation:
The Natural rate of unemployment is: A. Structural unemployment rate plus frictional unemployment rate. B. The actual rate minus the cyclical rate C. A and B Leaning towards A
Answers
Projects are subject to limitations of time and resources such as money and people. Group of answer choices True False
Answers
Projects are subject to limitations of time and resources such as money and people. This statement is true.
What are the limitations of a project?Projects can include building a house or starting a business. If there were no financial limitations or time constraints, there would be little or nothing stopping a person from carrying out their projects.
Due to these limitations, it is important to have a scale of preference that arranges ones projects in order of importance. This would help in determining how to allocate these limited resources.
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What is the primary product of the golf business according to the customer relations manual?
Answers
The PGA Experience- which is why it is at the center of the graphic. it represents the highest level of service in the golf industry due to its inclusiveness, is the primary product of the golf business according to the customer relations manual.
Golf Experiences provides a range of stay and play packages that may be customized to fit your schedule and provide unmatched customer service.
Our mission is to make it straightforward to reserve and reach well-liked golf locations. Over 40 prestigious golf courses and resorts are partners with us. Golf Experiences is the perfect solution if you're planning a family, party, or business holiday.
At the PGA TOUR Golf Academy at World Golf Village, the top instructors, state-of-the-art instructional tools, and championship-caliber courses are all integrated.
Whether you select a golf school, private lesson series, specialty clinic, or new golfer lesson series, your game will certainly improve with the help of our PGA TOUR Golf Academy instruction professionals.
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Which one of the following is an immediate benefit of just in time (JIT) stock control?
Improved customer service
Higher market share
Improved availability of stock
Lower warehousing costs
Answers
JIT is getting a good deal just in time so having available stock applies to this.
Hope this helps have an excellent day!
Why are employers wiling to pay productive workers higher wages than less productive workers?
Answers
Employers are willing to pay productive workers higher wages than less productive workers because they provide fast and effective work compared to the others.
Who are employers?An entrepreneur is an end, individual, business, or both, entity that hires workers and compensates individuals for their labor. Employees are those who receive paid to perform labor. Employers lend workers a job.
The market price of the valuable capacity a majority of vendors collects determines their earnings. These people provide extra work in less time and generate more products for the company.
Since businesses anticipate selling the products and services these employees make at rates adequate to cover the benefits of the employees in addition to any other manufacturing costs, businesses are prepared to pay employees wages.
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Listen All of the following are among the ways in which an organization applies the differentiation strategy to provide the customer with something that is unique and distinctive from its competition except: O create a higher quality product design a technically superior product develop a special appeal for the product undercut competitor's prices for comparable products
Listen Starbucks coffee uses a__design. networking focused differentiation O geographic
Answers
Answer:
Explanation:
Among the given options, the exception is:
Undercut competitor's prices for comparable products.
The other options mentioned—creating a higher quality product, designing a technically superior product, and developing a special appeal for the product—are ways in which an organization applies the differentiation strategy to provide the customer with something unique and distinctive from its competition. These strategies aim to differentiate the organization's products or services in a way that sets them apart from competitors and creates value for customers. However, undercutting competitor's prices does not typically align with the differentiation strategy, as it primarily focuses on offering products or services at a lower cost rather than providing unique and distinctive features or qualities.
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3. All of the following are common results of an increase in consumers' goodwill toward a brand EXCEPT
Increased loyalty
Increased referrals
O Decreased customer complaints
O Decreased advertising costs
Answers
Answer:
Decreased advertising costs
Explanation:
TRUE OR FALSE: A mathematics professor at a university would fall under both the Education and Training career cluster and the STEM career cluster.
Answers
Explanation: none
The income statement and balance sheet columns of Reed Company's worksheet reflect the following totals:
Income Statement Balance Sheet
Dr. Cr. Dr. Cr.
Totals $58000 $48000 $34000 $44000
To enter the net income (or loss) for the period into the above worksheet requires an entry to the:
a. income statement debit column and the income statement credit column.
b. income statement debit column and the balance sheet credit column.
c. income statement credit column and the balance sheet debit column.
d. balance sheet debit column and the balance sheet credit column.
Answers
The correct answer is option C, which means that to enter the net income (or loss) for the period into the above worksheet requires an entry to the income statement credit column and the balance sheet debit column.
The income statement reflects the company's revenues and expenses during a specific period, while the balance sheet shows the company's financial position at a given point in time. The net income or loss is calculated by subtracting the total expenses from the total revenues on the income statement.
To enter the net income (or loss) for the period into the worksheet, the amount needs to be recorded on both the income statement and balance sheet columns. The net income (or loss) amount is recorded on the credit side of the income statement column because it is considered a revenue for the period. On the other hand, it is recorded on the debit side of the balance sheet column because it increases the company's retained earnings, which is an asset on the balance sheet.
Therefore, option C is the correct answer because it includes the income statement credit column and the balance sheet debit column, which are the columns where the net income (or loss) should be recorded.
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Why might a business owner prefer to start a business in a laissez-faire economy? A. because the government will offer incentives for new business owners B. because the government makes all decisions, it is easier for business owners C. because it does not include things like taxes, tariffs, or any type of regulation D. because it has financial regulations that benefit start-up businesses
Answers
Answer:
D. because it has financial regulations that benefit start-up businesses
Explanation:
In a laissez-faire economy, the government does not interfere with economic activities of such as production, consumption, or private contracts. The government focuses on enforcing law and order, providing public goods, and regulating activities in the country.
Starting a new business in a laissez-faire economy assures an entrepreneur of fair business practices due to government regulations. The business owner will be confident when entering into contracts as the government enforces them.
Answer:
The correct answer would be C
Explanation:
Laissez-faire doesn't include things like taxes, tariffs, or any type of regulation and that's why businesses like to start with Laissez-faire.
Give 2 advantages of a corporation?
Answers
2 advantages of a business corporation include...
personal liability protectionbusiness security and perpetuityHope this helps!! Good luck with your work :))
Brainliest? I'm trying to rank up please UvU
Answer:
Limited Liability
In a corporation, the owners of the company are only liable for the amount of money which they have invested through purchasing shares. This means that if the company goes bankrupt and has no money left to pay back the creditors and lenders, the money invested by its shareholders into the company (by purchasing its shares) will be used to pay back the creditors and lenders. Hence, the shareholders will lose the amount invested. Creditors and lenders, however, have no claim on the personal properties and assets of the owners. This is what limited liability means: limited up to the extent of the amount invested.
Easy Availability of Capital
In a corporation form of business organization, it is relatively easy to raise huge sums of capital through the public. Since the total money a company wishes to raise is divided into thousands and lakhs of shares, the price of each share comes out to be very small. A small price allows a number of people to purchase the shares of the company. Hence, it becomes easy to raise a big amount for a corporation by dividing it into smaller units.
Explanation:
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what corporate diversification strategy is being pursued by disney? what evidence do you have that supports your position? how does the corporate office create a parental advantage, which is difficult to duplicate by its more focused competitors? what are synergies and economies of scope and how do they work at disney to lower its overall costs? given the diversification approach that disney uses, what are some things that they can do to deal further with the trend toward cord-cutting and competition from large streaming and content producers such at netflix, amazon, and other content producers?
Answers
The Walt Disney Company has developed a strategy that pursues diversified business operations in an effort to maintain its competitive edge.
What is corporate diversification strategy ?
When businesses want to expand, they use a diversification approach. In order to boost revenues, it is a practice to add a new product to your supply chain. These goods may represent a new subset of the market that your organization already serves, a strategy known as business-level diversification. Instead, if you enter a new market, corporate-level diversification takes place.
One of the four growth techniques popularized by Igor Ansoff is diversification. One of these growth strategies is more likely to be a fit for your business than the others, depending on the sector, size, and goals of your organization.
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How much y’all think I’m worth?
Y’all think ima great dancer?
Who follows me
Answers
Answer:
What????..............
Two studies by Basu (1977, 1983) found that firms with high P/E ratios A. earned higher average returns than firms with low P/E ratios B. earned the same average returns as firms with low P/E ratios C. earned lower average returns than firms with low P/E ratios D. had higher dividend yields than firms with low P/E ratios
Answers
According to the question the correct answer is C. earned lower average returns than firms with low P/E ratios.
The studies conducted by Basu in 1977 and 1983 found that firms with high Price/Earnings (P/E) ratios tended to have lower average returns compared to firms with low P/E ratios. The P/E ratio is a valuation metric that measures the price investors are willing to pay for each dollar of earnings generated by a company. A high P/E ratio indicates that investors are paying a premium for future earnings growth.
In Basu's studies, it was observed that despite the higher expectations reflected in the higher P/E ratios, firms with high P/E ratios experienced lower average returns. This finding suggests that the market may have overvalued these firms, leading to subsequent underperformance.
The other options presented in the question, such as firms with high P/E ratios earning higher average returns (option A), earning the same average returns as firms with low P/E ratios (option B), or having higher dividend yields (option D), are not supported by Basu's studies.
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