Answer:
(2). Inventory issues
Explanation:
Chase strategy for aggregate planning are usually used by organization as a way of reducing cost and managing inventory related issues. Inventory issues can be managed internally by increasing stock during periods of slack demand and same can be used to service stock during periods of high demands.
Organizational cost is effectively managed, as workers contribute productively at all periods to the bottom line.
Answer:
Businesses that do not maximise outputs from the given inputs are inefficient, and probably have diseconomies of scale, the opposite of economies of scale, that ocurrs when output increases proportionally less than the inputs that are invested.
This situation arises as a result of an economic law, the law of diminishing retuns. According to this economic law, there is a point in the production process in which the use of additional units of input do not result in a proportional yield, in other words, when a business presents diminishing returns, the more inputs it adds, the less output grows in proportion to the inputs.
Complete Question
A waiting line problem has an average of 250 arrivals per eight hour day. Suppose there are several servers, and each has an average service time of 8 minutes. (Assume Poisson arrivals and exponential service times.)
What is the average service rate of a server per hour?
Answer:
7½ arrivals per hour
Explanation:
Given
Arrivals = 250 arrivals per 8 hour day
Service Time of Servers = 8 minutes
The service time of Servers is given as 8 minutes.
This means that; on average, a server will attend to 1 arrival in every 8 minutes.
Calculating this per hour;
Average service rate of a server per hour = Service Rate * 1 hour per hour
Average service rate of a server per hour = 1 arrival per 8 minutes * 1 hour per hour
(1 hour = 60 minutes);
So, we have.
Average service rate of a server per hour = 1/8minutes * 60minutes/hour
= ⅛ * 60 arrivals/hour
= 60/8 arrivals/hour
= 7½ arrivals per hour
The rate of return on an investment is the investors gain or loss on the investment over a period of time.
Answer:
B. 115
Explanation:
The price index calculates changes in the prices paid by consumers for a basket of goods and services over a period.
Price index = (Cost of basket in a given year / cost of basket in the base year) × 100
230 / 200 = 1.15 × 100 = 115
I hope my answer helps you
