Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

A company has started a phone service that uses overseas doctors to provide emergency medical consultations. The responding doctors are based in a country with low wages but with a highly skilled pool of physicians. Responding to each call takes on average 15 minutes. At any given time, there are 4 doctors overseas on duty. Calls arrive every 5 minutes on average (standard deviation is 5 minutes). The company receives $50 from the patient’s insurance company for each consultation. If one of the 4 overseas doctors is available, the firm pays $20 to the doctor and makes $30 in profit. If no doctor is available overseas, the call is rerouted to the U.S. where a local physician answers the question. A local physicians is always available to take a call. In this case, the firm pays the $50 to the local physician, so there’s no profit for the company. What is the probability of a call being answered by a physician in the US? Then, what would be the additional profit if the company managed to have 10 doctors overseas on duty at any given time?

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M91645355

Have any Question?


Related Questions in Operation Management

1 write a 2 page document to alita terry peter jergen or

1. Write a 2 page document to Alita Terry, Peter Jergen, or Carol Tempest - Vice President of Human Resources that describes the situation, the problem, your chosen solution for addressing the problem, the reasons for yo ...

1 what are political risks and economic risks and what

1. What are political risks and economic risks and what effects can they have on international business. 2. What are the four main HR outcomes when developing HR strategies and plans? 3.  What major changes occurred in t ...

After the enron scandal it came out that the accounting

After the Enron scandal, it came out that the accounting firm, Arthur Andersen, had been a participant in covering up Enron’s crimes. Arthur Andersen had a mixed reputation for integrity. While its founder stressed ethic ...

This assignment asks you to persuade your audience to

This assignment asks you to persuade your audience to invest in a company related to a new growth industry. SITUATION You are an analyst for Cutting Edge Capital, a small venture capitalist company that seeks out the bes ...

Can you give me short summary for each three of these

Can you give me short summary for each three of these below, 1. Organizational Architecture 2. Marketing Demand, Structure, and Production Costs 3. Pricing, Creating/Capturing Value and Game Theory Reference if u want yo ...

Discuss how porters five forces model can help analyse an

Discuss how porter's five forces model can help analyse an industry's attractiveness. Apply this model to W.L. Gore firm. Please give sufficient detail to illustrate that you understand the model and can apply it correct ...

Revisit the picture of leadership you created in the first

Revisit the picture of leadership you created in the first module. Contrast your picture of leadership with the description of transformational leadership in the readings. Has your picture of leadership changed? In what ...

An emirates company has two manufacturing plants one in uae

An Emirates Company has two manufacturing plants, one in UAE, and one in another country. Both produce the same item, each for sale in their perspective countries. However, their productivity figures are quite different. ...

1 please write a press release based on a scenario in your

1. Please write a press release based on a scenario in your business or for a nonprofit that is of interest to you. Please include a small paragraph describing the situation for which you are writing the press release. 2 ...

1 use the point method to evaluate jobs including front

1. Use the point method to evaluate jobs including Front Desk Receptionist, Administrative Assistant, Security Guard, Manager of Information Systems, and Payroll Assistant. It is the set of compensable factors that are i ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As