solution

Question 2A. Game is a busy centre for residents in East
Legon and its sourrounding community. Assume that 2 customers arrive
every 12 minutes and 3 customers are served every 15 minutes and that
currently, there is only one cashier. 2 a) Determine the average waiting time in minutes before service begins. AP(5)b) Advice the management the proportion of the time that a customer has to wait.AP(5)(B). Management perceives that the waiting time computed in (ii) above is not acceptable and is faced with two options.Management
can either employ an assistant for the cashier or open a second cash
machine. The former, if implemented, will enable 4 requests to be served
every 15 minutes and the assistant will receive a monthly salary of
GH?160. The latter, if implemented will improve the arrival rate to 1
customer every 12 minutes.However, it requires an initial
capital outlay of GH?3000 and the cashier who will operate the cash
machine will receive a monthly salary of GH?250. The shop avoids a loss
in sales of GH?80 per month for each minute that average customer
waiting time is reduced.c) Calculate the financial gain to
Game under option 1 and advice management on the option. AN(7) Calculate
the financial gain to Game under option 2, assuming the initial capital
outlay issunk cost and advice management on this option. AN(8) TOTAL [25
 
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"

solution

Question 3The
weekly demand for a product, which is held in stock is always 90 units.
When an order for new stock is placed, it is delivered almost
instantaneously by an ordering cost of 50,000 is incurred. The product
costs 3,000 per unit, and it costs 15 percent of this amount to hold a
unit in stock for a year. Currently, orders are placed for 2000 units.
There are 50 working weeks in a year and lead time is one week.a)
As a management science student, the MD of the company seeks your
expert advice on ways in which to determine the economic order quantity,
optimal order cycle time, re-order level and total annual inventory
cost. Advise the MD, providing detailed explanation using your answer.
Write your answer in a form of a report to the MD.AN(8)b)
Advise the MD about savings, if any, could be made by changing from
current order quantity of GH¢ 2000 units to the one obtained in (a)
above. AP(7) 3 c) Describe the order policy followed by the firm based on your calculations.d) Explain any two assumptions about the order policy. AN (5)TOTAL[25]
 
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"

solution

Setel’se-wallet softwareis
a cloud-based GIS platform integrating diverse datasets that have been
curated, cleaned, and combined, including transaction data,
banking/credit information, as well as loyalty points tracking. It
communicates crucial information more effectively to its stakeholders.
It also shares complex information through superior data visualization,
to build a collective understanding of business operations across
geographies and sectors. Although all of these enableSetel
to effectively respond to its stakeholders’ needs and demands, one
should never forget the long and difficult process of developing the
system in the first place.
Question :
a.IdentifytheEIGHT (8) most important factors in successful e-commerce site design thatSetel’smanagement team must emphasize to its website development team.
 
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"

solution

The $75 per credit hour course fee tacked on to all the MBA
classes has generated a windfall of $56,250 in its first semester.
“Now we just need to make sure we spend it all,” the Assistant Dean
cackled. She charged the Graduate Curriculum Committee with
generating a shopping list before their next meeting. Four months
later, the chairman of the committee distributed the following. As
the professor for the quantitative modeling course, he tended to
think in terms of decision variables, so he added the left-most
column for ease of use.

Decision Variable Item Cost Note
A iPads for everybody $750/unit Must get a cover if these are purchased
B iPad covers with MBA logo $25/unit Not needed unless we buy iPads
C Speaker series $15,000 Can’t afford both this and the iPads
D Subscriptions to the Wall Street Journal $10/unit Don’t need if we have the electronic version
E Subscriptions to the electronic version of the Wall Street
Journal
$5/unit Worthless without the iPads

1- Which of the constraints best describes the relationship between
the iPads for everyone and the speaker series?

A – C = 1

A + C = 2

A – C = 0

A + C = 1

2-Which of the following constraints best describes the
relationship between the electronic Wall Street
Journal subscription and the iPads?

E – A = 0

E – A = 1

E – A = 1

E – A = 0

 
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"