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Management Studies

Cheapest Car Rentals rents cars at Chicago airport. The short-term (ST) segment rents a car for an average of 0.5 weeks (a a rental price of $200 week), and the medium-term (MT) for an average of 2 weeks (a a rental price of S100/week).

Cheapest currently rents 200 cars week to ST and 100/ week to MT.

Around 20% of returned cars need to be repaired (a S150/car, average repair time 2 weeks) before being rented out again.

The rest of the cars are cleaned $5/car (average cleaning time 1 day) and sent out to rent.

(a) Draw a process flow diagram.

(b) Apply Little's Law at each operation.

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M92671658

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