A crew of mechanics at the Highway Department Garage repair vehicles that break down at an average of ? = 8 vehicles per day (approximately Poisson in nature)
The mechanic crew can service an average of ? = 11 vehicles per day with a repair time distribution that approximates an exponential distribution. The crew cost is approximately $300 per day. The cost associated with lost productivity from the breakdown is estimated at $150 per vehicle per day (or any fraction thereof). What is the expected cost of this system?
The number of vehicles out of service is Ls = 8 / (11 - 8 ) = 8/3 = 2.667. The cost of waiting is
$150 × Ls = $150 × 2.667 = $400. Server cost is $300 per day for a total of $700.
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a. $26,666.67. b. $24,333.33. c. $53,333.33. d. $48,666.67.
Which of the following happens when the expected inflation rate rises??
A. ?Both the demand and supply curve for bonds shift upward. B. The demand curve for bonds shift to the left. C. ?The supply curve for bonds shift to the right. D. ?The expected real interest rate rises.
Which of the following best describes a country that is actively engaged in international trade and has robust manufacturing, service, and financial sectors?
A) subsistence economy B) raw materials exporting economy C) industrializing economy D) industrial economy E) free-trade economy
A chronological résumé style would be best for which of the following candidates?
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