Practical Management Science, Loose-leaf Version
5th Edition
ISBN: 9781305631540
Author: WINSTON, Wayne L.; Albright, S. Christian
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Concept explainers
Videos
Question
Chapter 12, Problem 1.3C
Summary Introduction
To determine: The present value of the savings if it is only decided to hoard 0.8Q.
Case summary:
The riders in City M must pay for the ride by purchasing a token for it. In the year 2014, the transit officials announced that they are looking a fare increase in the prices. This led to the commuters to hoard tokens before the fare increase is implemented.
Inventory and supply chain models:
The functions of inventory and supply chain are one of the most important business decision areas for an organization. The first important aspect of these concepts is to have adequate inventory on hand. The second important aspect is to carry a little amount of inventory as possible.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
How can the transportation planners dealing with cases where the results cannot be reduced to a single monetary value?
politicians consider the introduction of congestion tax with the aim to reduce congestion in a metropolitan area. discuss the merits o such a policy and contrast it with at least one alternative policy to achieve a reduction in traffic. refer to the empirical evidence on the impact of the London congestion zone in your answer
What is the relationship between congestion control and service quality?
Chapter 12 Solutions
Practical Management Science, Loose-leaf Version
Ch. 12.4 - Prob. 1PCh. 12.4 - Prob. 2PCh. 12.4 - Prob. 3PCh. 12.4 - Prob. 4PCh. 12.4 - Prob. 5PCh. 12.4 - Prob. 6PCh. 12.4 - Prob. 7PCh. 12.4 - Prob. 8PCh. 12.4 - Prob. 9PCh. 12.4 - Prob. 10P
Ch. 12.4 - Prob. 11PCh. 12.5 - Prob. 12PCh. 12.5 - Prob. 13PCh. 12.5 - Prob. 14PCh. 12.5 - Prob. 15PCh. 12.5 - Prob. 16PCh. 12.5 - Prob. 17PCh. 12.5 - Prob. 18PCh. 12.5 - Prob. 19PCh. 12.5 - Prob. 20PCh. 12.5 - Prob. 21PCh. 12 - Prob. 27PCh. 12 - Prob. 28PCh. 12 - Prob. 29PCh. 12 - Prob. 30PCh. 12 - Prob. 31PCh. 12 - Prob. 32PCh. 12 - Prob. 33PCh. 12 - Prob. 34PCh. 12 - Prob. 35PCh. 12 - Prob. 36PCh. 12 - Prob. 38PCh. 12 - Prob. 39PCh. 12 - Prob. 40PCh. 12 - Prob. 42PCh. 12 - Prob. 43PCh. 12 - Prob. 44PCh. 12 - Prob. 45PCh. 12 - Prob. 46PCh. 12 - Prob. 47PCh. 12 - Prob. 48PCh. 12 - Prob. 49PCh. 12 - Prob. 53PCh. 12 - Prob. 54PCh. 12 - In terms of K, D, and h, what is the average...Ch. 12 - Prob. 56PCh. 12 - Prob. 57PCh. 12 - Prob. 58PCh. 12 - Prob. 59PCh. 12 - Prob. 60PCh. 12 - Prob. 61PCh. 12 - Prob. 62PCh. 12 - Prob. 63PCh. 12 - Prob. 64PCh. 12 - Prob. 65PCh. 12 - Prob. 66PCh. 12 - Prob. 67PCh. 12 - Prob. 68PCh. 12 - Prob. 69PCh. 12 - Prob. 70PCh. 12 - Prob. 71PCh. 12 - Prob. 1.1CCh. 12 - Prob. 1.2CCh. 12 - Prob. 1.3C
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.Similar questions
- In essay form, what is VAM in transportation problem?arrow_forwardGive me a brief decription and content of Transportation Policy Analysis and Planning. Please give me more information and its purposearrow_forwardSelect the true items related to performance indicators and targets. Select only the four correct answers Performance indicators and targets should cover attributes that are important to transport users. Performance indicators and targets must be expressed in quantitative terms. Performance target is used to denote any level of performance for a specific, defined performance indicator. Performance indicators and targets should be biased towards a particular transport mode or towards infrastructure. Performance indicator is used to monitor performance in terms of progress towards a specific defined objective. Performance indicators and targets should reflect a broader stakeholder perspective. Performance target is used to denote the desired level of performance for a specific, defined performance indicator. Performance indicator is used to show performance when a specific objective cannot be defined.arrow_forward
- Read the case study and answer the question below: Explain Uber’s strategy of disruption and innovation in the metered taxi industry.arrow_forwardFinancial risk management please answer question d and e onlyarrow_forwardUnder gate-usage agreements, aircraft schedule use of gates is coordinated with airport management and other air carriers serving the airport. These air carriers usually have relatively few operations scheduled at the airport and airport operators can maximize the number of aircraft that may use gates over the course of the day. Which agreement does this represent?arrow_forward
- What exactly are transportation user fees? What is the point of such fees?arrow_forwardExplain why variability in the price of Uber rides due to surge pricing is likely to be moderated where travellers have readily available substitutes such as public transport or other ride-sharing apps.arrow_forwardWhat makes designing an efficient public transportation system challenging? Be specific.arrow_forward
- The government wants to introduce subsidies for minibus taxi passengers, Transport Minister Fikile Mbalula has said. Speaking at the launch of the R1.1 billion Taxi Relief Fund (TRF) at the National Empowerment Fund (NEF) head office in Sandton yesterday, he said the transport policy was being reviewed and other forms of transport, such as bus transport, had already benefited from subsidies. Professor Jackie Walters, head of the Department of Transport and Supply Chain Management at the University of Johannesburg, said the issue of subsidies for the minibus taxi industry has been debated for some time, but the government had always faced the dilemma of an appropriate distribution system for such a subsidy because the taxi industry was still largely unregulated. He believed the government was probably planning to extend the taxi recapitalisation project in one way or another – this programme essentially involves exchanging a used minibus taxi for a new vehicle at a subsidised price.…arrow_forwardUse the 5P model on a low- cost airline companyarrow_forwardWhat has been the effect of deregulation of transportation prices in the United States?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Practical Management ScienceOperations ManagementISBN:9781337406659Author:WINSTON, Wayne L.Publisher:Cengage,
Operations ManagementOperations ManagementISBN:9781259667473Author:William J StevensonPublisher:McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi...Operations ManagementISBN:9781259666100Author:F. Robert Jacobs, Richard B ChasePublisher:McGraw-Hill Education
Purchasing and Supply Chain ManagementOperations ManagementISBN:9781285869681Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. PattersonPublisher:Cengage Learning
Production and Operations Analysis, Seventh Editi...Operations ManagementISBN:9781478623069Author:Steven Nahmias, Tava Lennon OlsenPublisher:Waveland Press, Inc.
Practical Management Science
Operations Management
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:Cengage,
Operations Management
Operations Management
ISBN:9781259667473
Author:William J Stevenson
Publisher:McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi...
Operations Management
ISBN:9781259666100
Author:F. Robert Jacobs, Richard B Chase
Publisher:McGraw-Hill Education
Purchasing and Supply Chain Management
Operations Management
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning
Production and Operations Analysis, Seventh Editi...
Operations Management
ISBN:9781478623069
Author:Steven Nahmias, Tava Lennon Olsen
Publisher:Waveland Press, Inc.
Single Exponential Smoothing & Weighted Moving Average Time Series Forecasting; Author: Matt Macarty;https://www.youtube.com/watch?v=IjETktmL4Kg;License: Standard YouTube License, CC-BY
Introduction to Forecasting - with Examples; Author: Dr. Bharatendra Rai;https://www.youtube.com/watch?v=98K7AG32qv8;License: Standard Youtube License