Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Management Theories Expert

In Galesburg sanitation trucks dump refuse seven days a week at a single garbage sump. A barge removes the garbage from the dump and transports it to an incinerator where it is burned. The barge has a capacity of 2500 tons of garbage. It takes one week from the time it is called for the barge to arrive at the dump site. The dump site has a capacity of 2100 tons of herbage. Each time the barge is used the dump incurs a cost of 5000 regardless of the amount of garbage removed. For each ton of garbage held at the dump for a year the city incurs a cost of 50. (The cost reflects the cost of periodically disinfecting the pile and the social cost-the greater the amount of garbage the greater the annoyance of local residents) Assume that it takes essentially no time for the barge to remove the garbage from the dumped. I.e. removal is instantaneous. Suppose the supple of the garbage dump is uncertain. Suppose the expected daily demand is 50 tons per day with a standard deviation of 20 tons and that the daily demands are independent. If the dump is filled to capacity, arriving trucks are turned away. Assume that each ton of garbage cannot be unload at the dump (because it is full) costs the city $100.

Suppose the city calls the barge when the pile reaches a level of 1750 tons.

What is the expected annual cost to the city for the garbage that cannot be unloaded at the dump?

Management Theories, Management Studies

  • Category:- Management Theories
  • Reference No.:- M9752209

Have any Question?


Related Questions in Management Theories

After paying 150 you are allowed to open a newspaper

After paying $1.50, you are allowed to open a newspaper vending machine freely (i.e. get as many as you want). In contrast, a soft drink vending machine only drops one can after you pay the same amount of money. Why? Ple ...

Assume that a salesman learned the price elasticity of

Assume that a salesman learned the price elasticity of demand for his products is -2.0. How many percent will increase in the total sales (revenue) if he cuts the price by 10%? Show your calculation process?

What role for governmentin chapter 3 wheelan describes a

What Role for Government? In Chapter 3, Wheelan describes a number of ways in which the "government is your friend" in a well-functioning society and economy. List and explain two ways that, in your everyday lives, there ...

This case study relates to the firestone tyre company in

This case study relates to the Firestone Tyre Company in the United States in 2000, and refers to the now famous tyre recall that took place during August of that year. You have been provided with case study details in t ...

Developing leaders and organisations assessment - report on

Developing, Leaders and Organisations Assessment - Report on Promoting Individual Informal Workplace Learning Brief - You are the newly-appointed Human Resource Advisor in a medium-sized business that employs approximate ...

Looking at leadership through complexityleading

Looking at Leadership Through Complexity Leading knowledge-based companies is different from leading industrial-based companies (Uhl-Bien & Marion, 2008). The authors noted "complexity leadership theory, a leadership par ...

Identify a health technology or a specific aspect of a

Identify a health technology or a specific aspect of a payment system that is changing for your health care setting. Work as a team to prepare a PowerPoint presentation to educate and inform your co-workers about the rec ...

Seek out at least three individuals within your sphere of

Seek out at least three individuals within your sphere of influence and ask the following: What does workplace stress feel like to you? What activities or actions do you or your organization initiate to reduce workplace ...

Questionassume the role of presenter at a conference on

Question: Assume the role of presenter at a conference on organizational development, and then develop a PowerPoint presentation that addresses the following: Explain the importance of top-level leadership in organizatio ...

In chester barnards view an organisation can be efficient

In Chester Barnard's view, an organisation can be 'efficient' without being 'effective'. Discuss. Discuss your answer, with reference to the key relevant theoretical contributions and academic studies that were reviewed ...

  • 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