Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

Management Studies


Home >> Operation Management

The Bridgeport city manager and the chief of police agreed on the size of the police force necessary for normal daily operations. However, they need assistance in determining the number of additional police officers needed to cover daily absences due to injuries, sick- ness, vacations, and personal leave. Records over the past three years show that the daily demand for additional police officers is normally distributed with a mean of 50 officers and a standard deviation of 10 officers. The cost of an additional police officer is based on the average pay rate of $150 per day. If the daily demand for additional police officers exceeds the number of additional officers available, the excess demand will be covered by overtime at the pay rate of $240 per day for each overtime officer.

a. If the number of additional police officers available is greater than demand, the city will have to pay for more additional police officers than needed. What is the cost of overestimating demand?

b. If the number of additional police officers available is less than demand, the city will have to use overtime to meet the demand. What is the cost of underestimating demand?

c. What is the optimal number of additional police officers that should be included in the police force?

d. On a typical day, what is the probability that overtime will be necessary?

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M91591648

Have any Question?


Related Questions in Operation Management

1 when reviewing the acfersquos code of ethics what

1. When reviewing the ACFE’s Code of Ethics, what specific code(s) did Arthur Andersen violate? Often fraud examiners must deal with independence issues when examining a company and its situation. How do we define indepe ...

1 give an example of logistic regression as a popular

1. Give an example of logistic regression as a popular application in business? 2. From a strategic standpoint, explain how you would create a preliminary analysis plan for a solution needed to address a change GOOGLE pr ...

Scenarioyou work part-time at the customer service desk at

Scenario You work part-time at the customer service desk at a home improvement store in your suburban town. It is late September and in walks a man who firmly but politely presents his receipt and insists on returning th ...

1 steep analysis of lululemon and give many suggestions to

1. STEEP analysis of lululemon and give many suggestions to board of directors in order to run long term profitable business. 2. Using empathy when encoding a message is the most important element in the Model of Communi ...

1 can interpersonal skills be taught explain your answer in

1. Can Interpersonal Skills Be Taught? Explain your Answer in no less than 150 words. 2. Analyze Cisco company to see wether their practice fit into Baldrige framework. Be specific about why you think that it fits. If yo ...

Peco sells a single type of mobile phone screen protector

PeCo sells a single type of mobile phone screen protector. The annual demand for the its screen protectors is 50,000 units and demand seems to be continuous and uniform throughout the year. They currently sub-contract a ...

I need help with this question below with a 400 words

I need help with this question below, with a 400 words summary with body and 2 - 3 references, How would you summarize the main point of the Activities Contributing to effective Change Management in Organizational Change ...

What communication strategy the following company used and

What communication strategy the following company used and whether you feel is was an effective approach? (the company is handling a bribery scandal) 1-the company released a written statement (Mark MacKinnon 2017). In t ...

1 lighting escalators stairs curve slippery floor etc

1. lighting, escalators, stairs curve, slippery floor etc should be properly managed to avoid any mishappeningIn manufacturing industries hazarous signboard should be dispayed. The employees should use proper safety meas ...

I need with this question below with a 3500 word summary

I need with this question below, with a 3500 word summary with an introduction, body, sub-title with examples, conclusion and references 3-4. What is your opinion or thoughts on " What are the steps and activities that a ...

  • 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

Follow Us

© Copyright 2013-14 mywordsolution.com All rights reserved