Airline Operations And Management A Management Textbook 1st Edition Gerald N. Cook ,Bruce Billig - Solutions

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Describe the costs that are relevant for inventory management.
Describe the A-B-C approach and explain how it is useful.
Describe the basic EOQ model and its assumptions and solve typical problems.
Describe the economic production quantity model and solve typical problems.
Describe the quantity discount model and solve typical problems.
Describe reorder point models and solve typical problems.
Describe situations in which the fixed-order-interval model is appropriate, and solve typical problems.
Describe situations in which the single-period model is appropriate and solve typical problems.
ROP for variable demand rate and variable lead time. The motel replaces broken glasses at a rate of 25 per day. In the past, this quantity has tended to vary normally and have a standard deviation of three glasses per day. Glasses are ordered from a Cleveland supplier. Lead time is normally
Explain the term value-added.
What ethical considerations are important in development of technology in general, as well as AI (artificial intelligence)?
Identify similarities and differences between production and service operations.
Explain the importance of learning about operations management.
Summarize the two major aspects of process management.
Explain the key aspects of operations management decision making.
Briefly describe the historical evolution of operations management.
Describe current issues in business that impact operations management.
Explain the importance of ethical decision making.
Explain the need to manage the supply chain.
Here is a procedure that will help you solve most of the end-of-chapter problems in this book and on exams:1. Identify the question to be answered. This is critical.2. Summarize the information given in the problem statement using the appropriate symbols.3. Determine what type of problem it is so
Companies often use this formula to determine how much of a certain item to order:where Q = order quantity D = annual demand S = ordering cost H = annual holding cost per unit If annual demand is 400 units, ordering cost is $36, and annual holding cost is $2 per unit, what is the order
List several ways that business organizations compete.
Name several reasons that business organizations fail.
Define the terms mission and strategy and explain why they are important.
Discuss and compare organization strategy and operations strategy and explain why it is important to link the two.
Describe and give examples of time-based strategies.
Define the term productivity and explain why it is important to organizations and to countries.
Describe several factors that affect productivity.
A company that processes fruits and vegetables is able to produce 400 cases of canned peaches in one-half hour with four workers. What is labor productivity?
A wrapping-paper company produced 2,000 rolls of paper in one day. Labor cost was $160, material cost was $50, and overhead was $320. Determine the multifactor productivity.
Compute the multifactor productivity measure for an eight-hour day in which the usable output was 300 units, produced by three workers who used 600 pounds of materials. Workers have an hourly wage of $20, and material cost is $1 per pound. Overhead is 1.5 times labor cost.
Girlfriend Collective wants customers to love its products and wear them with pride. Designing for an audience that cares about where clothes come from, as well as how they look and fit, the founders of Girlfriend Collective made transparency a top priority. Its website freely shares the details of
List features common to all forecasts.
List the elements of a good forecast.
Outline the steps in the forecasting process.
Describe four qualitative forecasting techniques.
Use a naive method to make a forecast.
Prepare a moving average forecast.
Prepare a weighted-average forecast.
Prepare an exponential smoothing forecast.
Prepare a linear trend forecast.
Prepare a trend-adjusted exponential smoothing forecast.
Compute and use seasonal relatives.
Compute and use regression and correlation coefficients.
Summarize forecast errors and use summaries to make decisions.
Construct control charts and use them to monitor forecast errors.
Describe the key factors and trade-offs to consider when choosing a forecasting technique.
Forecasts based on averages. Given the following data:Prepare a forecast for period 6 using each of these approaches:a. The appropriate naive approach.b. A three-period moving average.c. A weighted average using weights of .50 (most recent), .30, and .20.d. Exponential smoothing with a smoothing
Using seasonal relatives. Apple’s Citrus Fruit Farm ships boxed fruit to anywhere in the world. Using the following information, a manager wants to forecast shipments for the first four months of next year.The monthly forecast equation being used is:Ft = 402 + 3t where t0 = January of last
Linear trend line. Plot the data on a graph, and verify visually that a linear trend line is appropriate. Develop a linear trend equation for the following data. Then, use the equation to predict the next two values of the series.
Obtain estimates of quarter relatives for these data using the centered moving average method: 1 Quarter: 1 2 3 Demand: 14 18 35 4 46 1 28 2 36 2 YEAR 3 60 4 71 1 2 45 54 3 3 84 4 88 4 58
A large Midwestern retailer has developed a graph that summarizes the effect of advertising expenditures on sales volume. Using the graph, determine an equation of the form y = a + bx that describes this relationship. Sales ($ millions) 3 2 1 2 4 6 8 Advertising ($ thousands) 10 X-
The owner of a small hardware store has noted a sales pattern for window locks that seems to parallel the number of break-ins reported each week in the newspaper. The data are: Sales: Break-ins: 46 9 18 3 20 3 22 5 27 4 34 7 14 2 37 6 a. Plot the data to determine which type of equation, linear or
The manager of a large manufacturer of industrial pumps must choose between two alternative forecasting techniques. Both techniques have been used to prepare forecasts for a sixmonth period. Using MAD as a criterion, which technique has the better performance record? Month 1 2 3 4 5 6 Demand 492
Given the demand data that follow, prepare a naive forecast for periods 2 through 10. Then, determine each forecast error, and use those values to obtain 2s control limits. If demand in the next two periods turns out to be 125 and 130, can you conclude that the forecasts are in control? Period: 1
Give an example of how trade increases people’s standard of living.
Why do national governments often build or subsidize transportation infrastructure?Provide an example.
How and why did the early development of the airline industry in the United States differ from that in Europe?
Early European airlines carried passengers. Why weren’t passengers carried on the first U.S. commercial flights?
What was the greater objective in federal subsidization of the airlines?
What was the Spoils Conference, and was it an appropriate use of government power?
What two, sometimes conflicting, goals were established by Congress for the Civil Aeronautics Board (CAB)?
What regulated industry was the CAB patterned from?
Why did Congress not trust the free market to discipline the U.S. airline industry?
What did the CAB regulate? Why?
Did the CAB allow airlines to compete on price?
Airline fares have declined in real terms since the introduction of the Douglas DC-3 throughout the regulated era. What has enabled this decline?
What are the three factors used to compute the Productivity Index? What is the relationship between productivity and standard of living?
Describe the differences among trunk, local service, flag (international), and supplemental carriers in the post-World War II period.
How were supplemental carriers and Capital Airlines responsible for early price (fare) competition?
How did the introduction of wide-body aircraft (B-747, DC-10, L-1011) in the early 1970s contribute to industry losses?
What factors led to airline losses in the early to mid-1970s? How did these losses contribute to the move toward deregulation?
What was the result of American Airlines’ SuperSaver fares in terms of the number of passengers carried? What solution to airline overcapacity does this result suggest? How does this reflect on the CAB’s control of fares?
What were the arguments for and against deregulation? What other industries have been deregulated?
A decade after the passage of the Airline Deregulation Act, what were the major results of deregulation? Which arguments for and against deregulation proved true?
What is the relationship between the post-deregulation development of hub and-spoke route systems and airline mergers and acquisitions that occurred in the same period?
How might membership in an airline frequent flier program influence a businessman to book an airline flight that is not in the best interests of his employer? How might a travel agency commission override (TACO) influence a travel agent to book a flight not in the best interests of her customer?
Explain how a major hub-and-spoke carrier might drive a small new entrant carrier from its new route to the major carrier’s hub city (for example, Frontier Airlines begins service from Los Angeles to Minneapolis, Northwest Airlines’ home and major hub city).
Compare the processes for economic airline deregulation in the United States, the European Union, and China.
Are the results of deregulation similar across the world?
Judging from the results of airline deregulation as an example, what are the costs and benefits of free markets?
Why is air transport important for economic growth?
Provide some measures of aviation industry size and a comparison with other major industries.
What factors drive long-term global and regional air travel demand and supply?
What is liberalization, and how does it affect air travel? Provide an example.
Which world regions are forecast for the fastest air travel growth? Why are these regions expected to grow more rapidly than others?
How does historical air cargo growth compare with that of passenger air travel?
What macroeconomic indicator is closely correlated with air travel growth?Why?
How does air travel demand vary by time of day, day of the week, season, and economic cycle?
If an airline planner could perfectly forecast future demand, would a problem in matching capacity with demand remain? Why?
What does the demand curve show?
What segment of the aviation industry is most concerned with macro-forecasts?Micro-forecasts? Why?
What does the S-curve show?
Compare the wants and needs of the typical business passenger with those of leisure passengers.
Explain the difference between a movement along the demand curve and a shift in demand. Provide an example of each.
What segment of the demand curve is targeted by the low-cost carriers such as Ryanair?
Given the complexity and uncertainty in forecasting demand, why do airlines bother?
If you are tasked with evaluating a potential new route for your airline, how do you begin?
What factors should be considered in estimating the market share a new entrant airline on a route with existing service can garner?
What are the three types of route structure? Define or illustrate each.

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Airline Operations And Management A Management Textbook 1st Edition Gerald N. Cook ,Bruce Billig - Solutions

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