What major factor is the main determinant in air cargo pricing?
a. discounts from full price levels as is done with motor carriers
b. weight
c. empty space on the aircraft
d. direction of travel of the shipment
B
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An M/M/1 model and an M/D/1 model each have an arrival rate of 1 per minute and a service rate of 3 per minute; the average queue length of the M/M/1 will be twice that of the M/D/1
Indicate whether the statement is true or false
To what does the term inventory refer?
A. It refers to the amount of goods being sold. B. It refers to the amount of goods being stored. C. It refers to the quality of goods being stored. D. It refers to the marketing function of holding goods. E. It refers to minimizing storage costs.
Information refers to ____.
A. a message expressing an opinion based on incomplete evidence B. a collection of facts from which conclusions may be drawn C. is data that have a particular meaning within a specific context D. raw facts that describe a particular phenomenon