Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

An airport has two runways. Runway 1R serves only large jets, while runway 1L serves only smaller jets. Large jets wishing to use runway 1R arrive at the average rate of 20 per hour, while the smaller jets using 1L arrive at the average rate of 30 per hour. Each runway can handle an average of 60 jets per hour. Unfortunately, it is rather expensive to keep an aircraft airborne while waiting to land. The large jets incur a cost of $25 per minute, while the small jets cost $10 per minute while circling to land. Calculate the total hourly waiting cost for all jets at the airport.

a.) With regard to the question above, because of repair work, assume Runway 1L must be temporarily shut down. During this time, all jets will land on runway 1R. Calculate the total hourly waiting cost for all jets at the airport with only this one runway available.

b.) With regard to part a., the repair work is now completed and the airport has decided to change its policy on runway usage. Both runways will now be available to either type of jet for landing. What is now the total hourly waiting cost for all jets under this new policy?

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M92480856

Have any Question?


Related Questions in Operation Management

Do characteristics of identity play a role in how

Do characteristics of identity play a role in how successful/unsuccessful, accepted/rejected leadership ACTIONS are, within a situational context? Might a theory of adaptive leadership be tied more to participant percept ...

The regression line minimizes the sum of the squared

The regression line minimizes the sum of the squared errors True o false F significance is used to determine how fit is the model True o false The best model is a statistically significant model with a high r-square and ...

Discuss the relationship between the strategic decisions

Discuss the relationship between the strategic decisions and compensation practices of your current or former organization (Alternately, you may conduct online research to select an organization of your choice). Next, id ...

1 in your own experience when have you had to persuade

1. In your own experience, when have you had to persuade someone ( boss, parent, instructor, friend, colleague) to do something or to change a belief? what strategies did you use? were they successful? how could you impr ...

Economic development commissionresearch the assigned

Economic Development Commission Research the assigned organizations Impact Case Studies Introduction When writing an impact case study, the ultimate aim is to demonstrate a clear link between research and impact. So befo ...

You are an experienced machinist with a small tool shop you

You are an experienced machinist with a small tool shop. You have been asked to submit a bid to produce 15 special clamps for a new die that is under construction. You estimate that the material costs (metal & fasteners) ...

Vending machine operator suffers the cost of a product

Vending Machine operator suffers the cost of a product recall. Is the wholesaler responsible if the manufacturer is unable to pay for all the costs of a recall? If the manufacturer or wholesaler must pay for the legitima ...

Write an essay you have been recruited to explain to a

Write an Essay: You have been recruited to explain to a group of medical professionals the legal aspects of performance improvement (PI) that must be taken into consideration before embarking on their PI assignment. Your ...

1 what are mcdonaldrsquos current and future key success

1. What are McDonald’s current and future key success factors (KSFs)? 2. Describe a project that could be completed to help repair a city that has been damaged by an earthquake? 3. Does a captive center resolve the conce ...

How an effective management provide a better business

How an effective management provide a better business environment that benefits all parties, including employees, employers, and customers? How does this compare to situations in which self-employed individuals conduct b ...

  • 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