Question: 1. A Reuter's article on March 14, 2012 reported that Somali pirates had decided to cut their ransom demands so as to avoid costly hostage

1. A Reuter's article on March 14, 2012 reported that Somali pirates had decided to cut their ransom demands so as to avoid costly hostage maintenance and increase flow rate. The article says that on average the pirates were holding 30 ships hostage, and each ship was held for 150 days.

How many ships on average are the pirates capturing each month? (Assume a month is 30 days)

2.A Reuter's article on March 14, 2012 reported that Somali pirates had decided to cut their ransom demands so as to avoid costly hostage maintenance and increase ow rate. The article says that on average the pirates were holding 30 ships hostage, and each ship was held for 150 days.

Suppose Somali pirates are limited to holding only 30 ships at any time. What is the percent increase in number of ships they can capture per month, if each ship is held for only 120 days?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

A jet-engine thrust reverser to reduce an aircraft speed of 200 km/h after landing employs folding vanes which deflect the exhaust gases in the direction indicated. If the engine is consuming 50 kg...

Consider the following information: Rate of Return if State Occurs State of Economy Boom :57 Bust of Economy .66 .34 Probability of State Stock A .09 .13 Stock B Stock C .03 .19 .24 -.04 a. What is...

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

Question: What as the average weekly safety inventory level of refined sugar from the beginning January 2022 to the end of July 2022? A. 512,465.9691 metric tons per week B. 316,002.1474 metric tons...

Independent Reliable Transport (IRT) is an airline with 365 planes, of which 80% are regional jets and the remaining are large jets. All planes require routine preventative maintenance. When...

A Reuters article on March 14, 2012 reported that Somali pirates had decided to cut their ransom demands so as to avoid costly hostage maintenance and increase flow rate. The article says that on...

A Reuter's article on March 14, 2012 reported that Somali pirates had decided to cut their ransom demands so as to avoid costly hostage maintenance and increase flow rate. The article says that on...

Which of the following is NOT a waste? Group of answer choices Overtime Rework Inventory Transportation A Reuter's article on March 14, 2012 reported that Somali pirates had decided to cut their...

1 pts Question 10 A Reuter's article on March 14, 2012 reported that Somall pirates had decided to cut their ransom demands so as to avoid costly hostage maintenance and increase flow rate. The...

For the problem described in Quesirion 3 , A Reuter's article on March 1 4 , 2 0 1 2 reported that Somali pirates had decided to cut their ransom demands so as to avoid costly hostage maintenance and...

ABC Ltd. is contemplating have an access to a machine for a period of 5 years. The company can have use of the machine for the stipulated period through leasing arrangement or the requisite amount...

Metro Shuttle Inc. is considering investing in two new vans that are expected to generate combined cash inflows of $28,000 per year. The vans combined purchase price is $91,000. The expected life and...

11. A system has the transfer function s+a T(s)= 4 +683 +12s2+12s+61 Determine the values of a that render the system unobservable. a. a=1.30 or a = -1.44 b. a = 3.30 or a = 1.44 c. a=-3.30 or a =...

Estimate the runoff volume in mm of depth from 80 mm of rainfall on a 90-ha watershed during the growing season. Assume Antecedent Rainfall condition II, 50 ha of row crop contoured with terraces and...

For the purpose of the Medicare Levy Surcharge, what are reportable superannuation contributions and reportable fringe benefits, and how do these amounts effect the calculation of the Medicare Levy...

During road works, signage by means of arrows necessary. It is a must for installations to be multifunctional. We think e.g. to the signage by means of moving arrows. Depending on the works, an arrow...

The drug Kallocain is sold by the pharmaceutical firm Kall in the EU and demand is described by p=10-Q where p is the price in euro and Q is quantity. The fixed costs are 0. Kall is a monopolist. a)...

What were the challenges, the proposed solution, and the obtained results of using neural networks in the mining industry?

Design a minimum-mass symmetric three-bar truss (the area of member 1 and that of member 3 are the same) to support a load P, as was shown in Fig. 2.9. The following notation may be used: Pu = P cos...

71. An oil exploration company currently has two active projects, one in Asia and the other in Europe. Let A be the event that the Asian project is successful and B be the event that the European...

69. In Exercise 59, consider the following additional information on credit card usage: 70% of all regular fill-up customers use a credit card. 50% of all regular non-fill-up customers use a credit...

80. Consider the system of components connected as in the accompanying picture. Components 1 and 2 are connected in parallel, so that subsystem works iff either 1 or 2 works; since 3 and 4 are...