Questions
The purpose of this assignment is to apply a waiting line model to a business service...

The purpose of this assignment is to apply a waiting line model to a business service operation in order to recommend the most efficient use of time and resources. (This assignment has been adapted from Case Problem 2 in Chapter 15 of the textbook.) Use the information in the scenario provided to prepare a managerial report for Office Equipment, Inc. (OEI). Scenario Office Equipment, Inc. (OEI) leases automatic mailing machines to business customers in Fort Wayne, Indiana. The company built its success on a reputation of providing timely maintenance and repair service. Each OEI service contract states that a service technician will arrive at a customer’s business site within an average of 3 hours from the time that the customer notifies OEI of an equipment problem. Currently, OEI has 10 customers with service contracts. One service technician is responsible for handling all service calls. A statistical analysis of historical service records indicates that a customer requests a service call at an average rate of one call per 50 hours of operation. If the service technician is available when a customer calls for service, it takes the technician an average of 1 hour of travel time to reach the customer’s office and an average of 1.5 hours to complete the repair service. However, if the service technician is busy with another customer when a new customer calls for service, the technician completes the current service call and any other waiting service calls before responding to the new service call. In such cases, after the technician is free from all existing service commitments, the technician takes an average of 1 hour of travel time to reach the new customer’s office and an average of 1.5 hours to complete the repair service. The cost of the service technician is $80 per hour. The downtime cost (wait time and service time) for customers is $100 per hour. OEI is planning to expand its business. Within 1 year, OEI projects that it will have 20 customers, and within 2 years, OEI projects that it will have 30 customers. Although OEI is satisfied that one service technician can handle the 10 existing customers, management is concerned about the ability of one technician to meet the average 3-hour service call guarantee when the OEI customer base expands. In a recent planning meeting, the marketing manager made a proposal to add a second service technician when OEI reaches 20 customers and to add a third service technician when OEI reaches 30 customers. Before making a final decision, management would like an analysis of OEI service capabilities. OEI is particularly interested in meeting the average 3-hour waiting time guarantee at the lowest possible total cost. Managerial Report Develop a managerial report (1,000-1,250 words) summarizing your analysis of the OEI service capabilities. Make recommendations regarding the number of technicians to be used when OEI reaches 20 and then 30 customers, and justify your response. Include a discussion of the following issues in your report: 4. OEI is satisfied that one service technician can handle the 10 existing customers. Use a waiting line model to determine the following information: (a) probability that no customers are in the system, (b) average number of customers in the waiting line, (c) average number of customers in the system, (d) average time a customer waits until the service technician arrives, (e) average time a customer waits until the machine is back in operation, (f) probability that a customer will have to wait more than one hour for the service technician to arrive, and (g) the total cost per hour for the service operation. I need help with this part, please show all your work.

In: Statistics and Probability

IN C++ 7.22 LAB*: Program: Online shopping cart (Part 2) This program extends the earlier "Online...

IN C++

7.22 LAB*: Program: Online shopping cart (Part 2)

This program extends the earlier "Online shopping cart" program. (Consider first saving your earlier program).

(1) Extend the ItemToPurchase class per the following specifications:

  • Parameterized constructor to assign item name, item description, item price, and item quantity (default values of 0). (1 pt)
  • Public member functions
    • SetDescription() mutator & GetDescription() accessor (2 pts)
    • PrintItemCost() - Outputs the item name followed by the quantity, price, and subtotal
    • PrintItemDescription() - Outputs the item name and description
  • Private data members
    • string itemDescription - Initialized in default constructor to "none"

Ex. of PrintItemCost() output:

Bottled Water 10 @ $1 = $10


Ex. of PrintItemDescription() output:

Bottled Water: Deer Park, 12 oz.


(2) Create three new files:

  • ShoppingCart.h - Class declaration
  • ShoppingCart.cpp - Class definition
  • main.cpp - main() function (Note: main()'s functionality differs from the warm up)

Build the ShoppingCart class with the following specifications. Note: Some can be function stubs (empty functions) initially, to be completed in later steps.

  • Default constructor
  • Parameterized constructor which takes the customer name and date as parameters (1 pt)
  • Private data members
    • string customerName - Initialized in default constructor to "none"
    • string currentDate - Initialized in default constructor to "January 1, 2016"
    • vector < ItemToPurchase > cartItems
  • Public member functions
    • GetCustomerName() accessor (1 pt)
    • GetDate() accessor (1 pt)
    • AddItem()
      • Adds an item to cartItems vector. Has parameter ItemToPurchase. Does not return anything.
    • RemoveItem()
      • Removes item from cartItems vector. Has a string (an item's name) parameter. Does not return anything.
      • If item name cannot be found, output this message: Item not found in cart. Nothing removed.
    • ModifyItem()
      • Modifies an item's description, price, and/or quantity. Has parameter ItemToPurchase. Does not return anything.
      • If item can be found (by name) in cart, check if parameter has default values for description, price, and quantity. If not, modify item in cart.
      • If item cannot be found (by name) in cart, output this message: Item not found in cart. Nothing modified.
    • GetNumItemsInCart() (2 pts)
      • Returns quantity of all items in cart. Has no parameters.
    • GetCostOfCart() (2 pts)
      • Determines and returns the total cost of items in cart. Has no parameters.
    • PrintTotal()
      • Outputs total of objects in cart.
      • If cart is empty, output this message: SHOPPING CART IS EMPTY
    • PrintDescriptions()
      • Outputs each item's description.

Code:

#include <iostream>

#include <string>

#include "ItemToPurchase.h"

using namespace std;

//main

int main()

{

//Declare two objects

ItemToPurchase p1,p2;

string myName;

int myPrice,myQuant;

//Get item1 details

cout<<"Item 1"<<endl;

cout<<"Enter the item name:";

getline(cin,myName);

cout<<"Enter the item price:";

cin>>myPrice;

cout<<"Enter the item quantity:";

cin>>myQuant;

p1.SetName(myName);

p1.SetPrice(myPrice);

p1.SetQuantity(myQuant);

cin.ignore();

//Get item2 details

cout<<"\nItem 2"<<endl;

cout<<"Enter the item name:";

getline(cin,myName);

cout<<"Enter the item price:";

cin>>myPrice;

cout<<"Enter the item quantity:";

cin>>myQuant;

p2.SetName(myName);

p2.SetPrice(myPrice);

p2.SetQuantity(myQuant);

//print total cost

cout<<"\nTOTAL COST"<<endl;

cout<<p1.GetName()<<" "<<p1.GetQuantity()<<" @ $"<<p1.GetPrice()<<" = $"<<p1.GetQuantity()*p1.GetPrice()<<endl;

cout<<p2.GetName()<<" "<<p2.GetQuantity()<<" @ $"<<p2.GetPrice()<<" = $"<<p2.GetQuantity()*p2.GetPrice()<<endl;

cout<<"\nTotal: $"<<p1.GetQuantity()*p1.GetPrice()+p2.GetQuantity()*p2.GetPrice()<<endl;

system("pause");

return 0;

}

In: Computer Science

Find IRR for following cash flows:

4)         Find IRR for following cash flows:

                     0_____1_____2_____3_____4

                     ($100)    $10       $10     $10     $110

             

              a) use spreadsheet, make sure that you know the procedure

                     Show spreadsheet printout


                        b) use intuition: if initial cashflow is changed to (90) the IRR will be Higher/lower because _________________________________

       Hint: Consider the impact of a higher discount rate on the PV of a given set of cash flows.


5)         The Stated rate i=10% per year compounded semi-annually. TheEffective annual rate is                         __________%

              a) use built-in calculator/Excel functions

              b) use formula


6)         Term structure:           

                                    Two year rate is i=5% per year

                     Three year rate is i=6% per year

              Find the implied forward rate for the third year.                                                   i=_____%

7)    Real rate, r = 5% inflation rate, P = 2%

                        a)         Find thenominal rate (i) using approximate method, i.e. i = r+P                  i =______%


                        b)         Find thenominal rate (i) using the exact method,

                     i.e. 1+ i = (1+r)*(1+P)        i =_____%

8)    Do problem 9 using r = 5% and P = 100%

              a)    i =_____% approximately

              b)    i =_____% using the exact method.

            Note: Compare ‘a’ and ‘b’ in problems 8 and 9. The approximation isreasonable only when the rates are small.

In: Finance

Mallard Incorporated (MI) is a small manufacturing company that makes model trains to sell to toy...

Mallard Incorporated (MI) is a small manufacturing company that makes model trains to sell to toy stores. It has a small service department that repairs customers’ trains for a fee. The company has been in business for five years. At the end of the previous year, the accounting records reflected total assets of $520,000 and total liabilities of $210,000. During the current year, the following summarized events occurred:
Issued additional shares of common stock for $75,000 cash.
Borrowed $125,000 cash from the bank and signed a 10-year note.
Built an addition on the buildings for $180,000 and paid cash to the contractor.
Purchased equipment for the new addition for $37,500, paying $3,750 in cash and signing a note for the balance due in two years.
Returned a $3,750 piece of equipment, from (d), because it proved to be defective; received a reduction of the notes payable.
Purchased a delivery truck (equipment) for $11,750; paid $8,225 cash and signed a two-year note for the remainder.
A stockholder sold $6,950 of his stock in Mallard Incorporated to his neighbor.
Required:
1. Complete the spreadsheet that follows. The first transaction is used as an example.
3. Based on beginning balances plus the completed spreadsheet, provide the Total assets, liabilities and stockholders' equity at the end of year.
4. As of the current year-end, has the financing for MI’s investment in assets primarily come from liabilities or stockholders’ equity?

In: Accounting

How difficult was it for the district chief to decide to not allow any additional fire fighters into the building to search for their lost brother fire fighters?

On December 3, 1999, a fire broke out in an abandoned cold storage warehouse in Worcester, Massachusetts (Figure 1-1). The large seven-story structure—actually two connected buildings—was built in the years preceding World War I. Since the structure had been used to process meat and store frozen foods, its interior surfaces were lined with asphalt-impregnated cork, supplemented in later years with polystyrene foam. In addition, the structure was essentially windowless, given the need to keep the interior cold. There was only a single exit from the upper floors. Arriving fire fighters began searching for the fire and people in the maze-like structure. The building was a known domicile for squatters; rumors of homeless people being trapped in the building surfaced during the early stages of the fire. As fire fighters operated in the building, conditions deteriorated rapidly. Two fire fighters became lost and began running low on air. They called for help, and succeeding sets of fire fighters began a frantic search for them. With conditions getting even worse, four additional fire fighters became lost in the building. The district chief in charge of interior operations made the decision to not allow any more fire fighters into the build- ing. He physic

1. How difficult was it for the district chief to decide to not allow any additional fire fighters into the building to search for their lost brother fire fighters?

In: Operations Management

Two species of rat were grown under controlled conditions for 16 days and the following weight...

Two species of rat were grown under controlled conditions for 16 days and the following weight gains (in grams) were obtained. If the number is negative, it means the rat lost weight. (calculate everything for this problem - do not use built in excel formulas)
Species A -23 4 0 -18 7 32 -4 -2 Species B 21 38 20 24 24 58 16 -16 14 28 -5 25

a) Calculate a 95% confidence interval for each species mean b) Calculate a 95% confidence interval for the difference of the means between each species c) Test the hypothesis that species A has gained no weight. d) Test the hypothesis that the means are equal for both species. (Solve it, do not use Excel formulas) e) Based on your results, describe the differences between the following methods for comparing the samples, and assess whether each is an effective method. Be specific in terms of what each method tells you about these two samples (not just what the results are, but what the method is actually examining to get those results). In other words, which methods, if any, can be misleading, and why? 1) Looking for overlap between the mean ± 1 standard deviation 2) Looking for overlap between (mean ± SE) 3) Looking for overlap between (mean ± 2SE) 4) Looking for overlap between the ranges 5) Seeing if the 95% confidence interval of the difference of the means includes 0.

In: Statistics and Probability

1. Services are considered property for purposes of Code Sec. 351. T or F 2. A...

1. Services are considered property for purposes of Code Sec. 351. T or F

2. A loss in control shortly after transfer could cause a transaction to fail to qualify under Code Sec. 351. T or F

3. Shareholders will recognize gain on a capital contribution merely because they are minority shareholders. T or F

4. All liabilities transferred in a Code Sec. 351 exchange are treated as boot for purposes of gain recognition. T or F

5. Liabilities that would give rise to a deduction when paid are excluded when determining the amounts of liabilities assumed by a corporation. T or F

6. If property with a built-in loss is transferred to a corporation in a Code Sec. 351 transaction, then the corporation's basis in such property is limited to the property's fair market value. T or F

7. The corporation's holding period for a property received in a Code Sec. 351 transaction includes the holding period of the shareholder. T or F

8. The receipt of boot in a Code Sec. 351 transfer precludes any nonrecognition treatment. T or F

9. When a local government contributes property without a pre-approved plan to a corporation as an inducement, the fair market value of the property is included in gross income of the corporation. T or F

10. An advantage of a corporation issuing debt is that interest payments are ordinary income to the debt holder. T or F

In: Accounting

In a Risk Behavior Survey study on college students the following variables were observed:

                            

In a Risk Behavior Survey study on college students the following variables were observed:

Risk Behavior Variable:  

Did not wear seatbelt while last time driving a car (0=Wear seatbelt, 1=Not wear seatbelt)

      Risk Factor Variables:

  • Sex   (0=Female, 1=Male)
  • Race   (1=White, 2=Black, 3=Other)
  • Live on campus   (0=Off Campus, 1=On Campus)

The data is in the following address:    http://gchang.people.ysu.edu/stat/log-YRB-18f.xls

(Do not use stepwise regression.)

  1. Report the raw odds ratios of not wearing seatbelt for
  1. Male versus Female and,
  2. White race versus Other race, and
  3. Lived On Campus versus Off Campus.

 

  1. Use multiple logistic regression (logistic regression using multiple explanatory variables) to find the significant factor(s) that affects whether students wearing seatbelt or not. (Use all risk factor variables to build the regression model. Do not drop any variables.)

[Paste the R logistic regression output containing parameter estimation information here!]

  1. Report the adjusted odds ratios of not wearing seatbelt for
  1. Male versus Female and,
  2. White race versus Other race, and
  3. Lived On Campus versus Off Campus.

(Use the model built in question 2 for answering this question. Do not drop any variables.)

[Paste the R logistic regression output containing confidence interval of odds ratios here!]

In: Statistics and Probability

SHOW ALL WORK The two companies below are simultaneously deciding to enter the same untapped retail...

SHOW ALL WORK

The two companies below are simultaneously deciding to enter the same untapped retail market and opportunities look excellent. The only issue for each is the size of the store to be built. Expected payoffs in millions of dollars are below.

                                                Big-Box                                             

                                    Small       Medium      Large                                                                                                              

               Small :          16,30       8,20           10,10  

YMart:                                                          

               Medium :       18,18       12,15         14, 8

               large   :           15,25       10,23         16, 20             

As a simultaneous play game, (for parts A and B below)

(A) (4 pts) Which, if any, of the players has a dominant strategy?

                        ANSWER: ______________________

(B) (3 pts) If any Nash equilibria exist, identify them. If they are none, so state.

                        ANSWER: ____________________

(C) (3 pts) Now suppose instead of a simultaneous play game, Big-Box, because of better planning and foresight, had the advantage of going first and turning the competition into a sequential game, if it so chooses. However, to go first and credibly go first, Big-Box has to accelerate its construction plans. Because of union overtime provisions and other costs of acceleration, Big-Box would have additional costs of $1 million dollars if it announces and begins building. If it doesn’t choose to accelerate, it has no fear that Ymart will go first because Ymart’s acceleration costs are prohibitive of that strategy.

Should Big-Box go first? Why or why not? Clearly explain your reasoning.

In: Economics

Question 1: Write a program in C++ using multi filing which means 3 files ( main...

Question 1: Write a program in C++ using multi filing which means 3 files ( main file, header file, and functions file) and attached screenshots as well. Attempt the Question completely which contain a and b parts

a) Write a program that takes a number from the user and checks whether the number entered validates the given format: “0322-5441576”, xxxx-xxxxxxx where “x” implies the digits only and first two digits are 0 and 3 respectively. The program also identifies the Network of the given number. (Use of string related functions is a must)

b) Write a program that takes a string from the user, identifies and counts all unique characters in that given string. You are bound to use only built-in string functions where necessary. For identification of unique characters and for counting of the characters make separate functions.

For character identification

Develop a program that takes a string argument, and returns an array containing all unique characters.

For character counting

Develop a program that takes an array returned from above function as an argument along with the given string and return an array containing the total count of each uniquely identified character present in the argument array.

Note: kindly write a proper code of program mention in Question and answer complete Question along with both parts and screenshots Thanks.....

In: Computer Science