...PHILIPPINE WOMEN’S UNIVERSITY Waiting Line Theory A Narrative Report 2014 MBA PROGRAM Introduction Each organization has different illustrations of waiting lines or commonly called “queue”. No wonder why we also need to study waiting line because it is part of our everyday routine as well. It merely affects the performance and profit of the company. Waiting line or queue refers to a busy service facility or server so service is momentarily occupied or being used. One great example is during enrollment. At our very first step at the school gate, you will fall in line to have your bag checked by the security personnel. You will also need to fall in line at your college department to seek advise of what subjects needed to take. You might wait for your adviser attending to other students. At the time you have your subjects needed to enrol, you will need to fall in line at Registrar’s office for subjects encoding. Once you get your assessment form, you will be redirected to Accounting Office for payment and expect a new line again. Then, you will need to update your school ID card after payment, it means another line. Waiting line or queue is a repetitive scenario in our everyday lives. We can’t deny but we are also used in waiting. The organization itself also encounter waiting line or queue. One example is when an airplane has to wait in line for fueling, inspection, a particular gate, a specific flight route, an assigned crew, food loading, verified passenger count...
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...punk? Do you feel better picking a fight? Bring it on! I’ll play with you all!” The older male taunted with his index finger, wanting us to rush at him like Mike did. The new arrivals and their new roommate did cause noticeable attention. Guards on the outside had reported to the...
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...after the initial investment in the machine. Having more machines seemed like a win-win situation since it does not increase our expenses of running the business, yet decreases our risk of having lead times of over a day. The only expense we thought of was interest expense, which was only 10% per year. Therefore, we took aproactive approach to buying machines and purchased a machine whenever utilization rates rose dangerously high or caused long queues. As we will see later, this was a slight mistake since the interest rate did have a profound impact on our earnings compared to other groups. Machine configuration: Our final machine configuration (which was set on Day 67) was 3 machine 1's, 2 machine 2's, and2 machine 3's. This lasted us through the whole simulation with only a slight dip in revenue during maximum demand. In terms of choosing a priority for machine 2, we decided to switch to priority to step 2 since machine 2's utilization was consistently higher than machine 3's. We wanted machine 3 to never be idle and thus, kept the priority at 2. However, the difference in choosing between the priorities seemed minimal and is probably only important during times of high demand. Forecasting: We set up a spreadsheet to forecast demand...
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...year posting over 800 new units delivered. These hotels include acacia grove hotel (262 rooms) in alabang, f1 city center (240) in bonifacio global city and the recently completed remington hotel (300 units) in new port city. As of 2h 2011, overall hotel occupancy was at 65% while room rates for both five-star and four-star remain generally stable at us$255 to us$260 per night. Expectation on occupancy is to exceed 65% at the end of this year considering the increase in visitor arrivals particularly towards the holiday season Supply Investors are kept positive in their outlook on the hotel and leisure industry as key market scenarios had a favourable impact on the tourism sector last year. This includes the rise in business and leisure travel which was driven by competitive travel packages, discounted rates of different airlines and agencies, and heightened local tourism campaigns, over a backdrop of a generally stable economy. The latest government data shows that in the first eleven months of 2011, international arrivals reached 3,522,887 or a 12.6% increase over the same period a year ago, even topping the total arrivals of 3,520,471 recorded in the full year of 2010. Similarly, air passengers continued to increase by 14.1% to 14.03 million from January to September last year. As a result, hotel room inventories in Metro Manila continue to increase annually with last year posting over 800 new units delivered. These hotels include Acacia Grove Hotel (262 rooms) in Alabang...
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...OM – II Assignment LITTLEFIELD TECHNOLOGIES A report submitted to Prof. Subhamoy Ganguly On 23/01/2014 By Group 7B Aparna Sagar/ Mayank Sengar/ Preeti Kumari/ Rajeev Ranjan/ Vaibhav Arora Indian Institute of Management Udaipur Littlefield Technologies – Our Gameplay Initial Game Strategy: The team met, the day before the game was about to start, to prepare a strategy based on the learning that we had while playing the demo version of the game. We had realized that the machines in Station 1 and Station 3 were operating at full capacity (i.e.100% utilization) when the demand was high. As a result, inventories were queuing up right before these two stations. We thought of buying both the machines but due to cash constraints we could afford to buy only one. We decided that our first move would be to buy a Station 1 machine. We decided that we would look at the lead time and then decide which one of the three contracts we should opt for. We also discussed the safety stock level that should be kept and the amount of quantity to be ordered (i.e. reorder quantity). Since the lead time of supplier was 4 days we decided that based on the average number of jobs we would keep the safety stock value. The Strategy and the Steps Carried out: Step 1: On Day 61 we bought the machine of Station 1 with $90,000. We saw that we were getting a lead time of about 2.3 days hence we chose Contract 1, in which we would receive $750 for completing the orders in minimum 7 days and maximum...
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...between June – September 5th are available for 4 days to a week stay. I hope these beautiful resorts meet your needs! TOP RATED BELIZE RESORTS: Coco Plum Resort Accommodations: * Belize all-inclusive romance package includes: * accommodations in ocean-front A/C cabana with private bath with hot and cold running water * three Belizean meals daily, including packed lunches when on tours * transportation to and from Dangriga and Coco Plum Resort (arrival & departure) * air transportation to and from Philip Goldson International Airport (BZE) in Belize City and Dangriga * complimentary bottle of wine * unlimited free local beer, local soft drinks, and local mixed drinks (mixed drinks made with local gin, local coconut rum, local vodka, and local rum only) * one romantic candlelight dinner served on the beach or your veranda * nightly turn down service * free use of kayaks, snorkel gear, stand up paddle boards and Hobie Cat * a welcome drink on the day of your arrival * daily housekeeping services * unlimited time to relax on our beach or in our hammocks for two * all hotel and sales taxes and park entrance fees * 4-night package include two snorkeling trips along Belize's Barrier Reef * 5-night package includes three tours (two snorkeling trips along Belize's Barrier Reef and one inland tour) * 6, 7, 8, and 9 night packages include five tours (three snorkeling trips along Belize Barrier Reef and two inland...
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...504 IEEE TRANSACTIONS ON AUTOMATION SCIENCE AND ENGINEERING, VOL. 5, NO. 3, JULY 2008 Stochastic Modeling of an Automated Guided Vehicle System With One Vehicle and a Closed-Loop Path Aykut F. Kahraman, Abhijit Gosavi, Member, IEEE, and Karla J. Oty Abstract—The use of automated guided vehicles (AGVs) in material-handling processes of manufacturing facilities and warehouses is becoming increasingly common. A critical drawback of an AGV is its prohibitively high cost. Cost considerations dictate an economic design of AGV systems. This paper presents an analytical model that uses a Markov chain approximation approach to evaluate the performance of the system with respect to costs and the risk associated with it. This model also allows the analytic optimization of the capacity of an AGV in a closed-loop multimachine stochastic system. We present numerical results with the Markov chain model which indicate that our model produces results comparable to a simulation model, but does so in a fraction of the computational time needed by the latter. This advantage of the analytical model becomes more pronounced in the context of optimization of the AGV’s capacity which without an analytical approach would require numerous simulation runs at each point in the capacity space. Note to Practitioners—This paper presents a model for determining the optimal capacity of an automated guided vehicle (AGV) to be purchased by a manufacturer. This paper was motivated by work...
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...The Deferred Action Program for Childhood Arrivals (DACA) program is and will always be constitutional. However, the DACA program has been an unqualified success over recent month and years. DACA is a federal government program created in 2012 under Barack Obama to allow people brought to the US illegally as children the temporary right to live, study, and work in America (theguardian.com). Since its creation five years ago, it has allowed nearly 800,000 young men and women who came to this country as children — or Dreamers — to attend school, support their families, buy homes, begin careers, contribute to their communities, and pursue their dreams (aclu.org). The issue of immigration and how it relates to the Deferred Action for Childhood Arrivals program is a diverse topic in today’s society that not too many people are very fond about. Many immigrants that reside in the United States are just looking for a better lifestyle for themselves and for their kids’ future as well. Therefore, it would unconstitutional to send back these immigrants that came looking for a better future, to be deported. It would be morally incorrect for the Trump administration to do so. Moreover, President Donald Trump anticipated on ending DACA...
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...Access the importance of any two perennial national festivals in the Caribbean Carnival is Bacchanal! It is an annual celebration of life found in many countries of the world. Carnival is the time when individuals releases themselves and parade with enjoyment of the various Caribbean local art forms. According to Julia Hewitt “in the Caribbean, carnival as a mode of performing resistance, the memory of repression and sacrifice but also of hope, in a sense of becoming other”. “Caribbean festivals embody an aesthetic formally rooted in the early European, African and Asian traditions brought to the West indies between the 15th and 19th centuries, as well as from 20th century publications, broad casts and artistic movements. Caribbean festival arts are evidence of the transformation worked by a creoles aesthetic.” Judith Bettleheim et.al. Carnival in Trinidad and Tobago and Jonkonnu in Jamaica are two perennial festivals in the Caribbean. These festivals have been celebrated in the Caribbean for years and play an integral role in the maintenance and development of the region. Moreover, they contribute significantly to the nation’s social, economic, cultural tourism welfare. The Caribbean has many festivals such as Jonkonnu and Carnival. Jonkonnu has several schools of thoughts but according to Richard Allsopp denotes that Jonkonnu is more likely related to Yoruba word Jonkoliko, one elevated as a figure for fun or disgrace. This seems logical, especially since many of the...
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...who sent his only son as a baby to save us. Pause and spend some time this season reflecting on God's gift of love. Perhaps one of the following inspirational quotes will help: "Advent, like its cousin Lent, is a season for prayer and reformation of our hearts. Since it comes at winter time, fire is a fitting sign to help us celebrate Advent…If Christ is to come more fully into our lives this Christmas, if God is to become really incarnate for us, then fire will have to be present in our prayer. Our worship and devotion will have to stoke the kind of fire in our souls that can truly change our hearts. Ours is a great responsibility not to waste this Advent time."Edward Hays, A Pilgrim’s Almanac “The season of Advent means there is something on the horizon the likes of which we have never seen before… .What is possible is to not see it, to miss it, to turn just as it brushes past you. And you begin to grasp what it was you missed, like Moses in the cleft of the rock, watching God's [back] fade in the distance. So stay. Sit. Linger. Tarry. Ponder. Wait. Behold. Wonder. There will be time enough for running. For rushing. For worrying. For pushing. For now, stay. Wait. Something is on the horizon.” Jan L. Richardson, Night Visions: Searching the Shadows of Advent and Christmas "You keep us waiting. You, the God of all time, Want us to wait. For the right time in which to discover Who we are, where we are to go, Who will be with us, and what we must do. So thank you … for...
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...FX Spot Trading and Risk Management from A Market Maker’s Perspective by Mu Yang A thesis presented to the University of Waterloo in fulfilment of the thesis requirement for the degree of Master of Quantitative Finance Waterloo, Ontario, Canada, 2011 c Mu Yang 2011 Author’s Declaration I hereby declare that I am the sole author of this thesis. This is a true copy of the thesis, including any required final revisions, as accepted by my examiners. I understand that my thesis may be made electronically available to the public. ii Abstract Due to the rapid development of computing technology and faster growth of financial industry, Foreign Exchange high-frequency trading has become substantially more prominent to today’s market players, especially to bankers and market makers. This research aims at introducing today’s FX high-frequency trading structure and discussing how a market maker can effectively reduce downside risk when market faces a huge upward or downward stress. An Exponential Moving Average operator is introduced and implemented using a Matlab software for tick-by-tick data analysis. Simulation framework for market high-frequency data and client trading flow is also introduced and implemented using the Matlab software. Real-time P&L calculation is introduced and used to determine the performance of a proposed risk hedging strategy. On the other hand, due to the financial crisis we experienced in 2007, 2008, and 2009, we analyze the tail risk of foreign exchange...
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...Table of Content Introduction 2 Section 1 Socio-cultural, environmental and economic impacts of tourism 2 Section 2 Tourism Demand & Supply 5 References 7 Introduction Agra is one of the most attractive places for tourists around the globe. The city is particularly renowned due to Taj Mahal and Agra Fort. In addition there are several gardens and monuments which are major source of attraction for tourists. The tourism industry is positively influencing the service sectors of the city and every sector is experiencing significant growth. Section 1 Socio-cultural, environmental and economic impacts of tourism 1.1 Tourism impacts on society and culture 1.1 (a) Discuss two negative and two positive impacts that tourism could have on the society and culture of your chosen destination as a result of an influx of tourists The development of infrastructure and new leisure services that result from tourism also facilitate the society. It also supports the preservation of the culture, festivals and handicrafts that may otherwise have been permitted to decrease and it creates civic pride. Interaction between hosts and guests develop a better cultural understanding and also help in enhancing the global awareness of issues. Visitor behavior can also negatively influence on the quality of life of the host region such as crowding, congestion drugs and alcohol issues in addition to prostitution and increased...
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...RESERTIFICATION GRADING SCALE |ARRIVAL: |Arrival Experience | |Did the valet associate acknowledge you by smiling and making eye contact with you within 30 seconds as |11 | | |you entered the valet area? | | | |Did the valet associate open the door promptly with a warm greeting that includes “Welcome” and the name |11 | | |of the property? | | | |Did the valet have on a proper name tag? |3 | | |Did the valet associate inquire about your name and use your name three (3) times during your arrival |11 | | |transaction? | | | |Did the associate explain parking procedures, which includes rate, retrieval location and estimated |5 | | |retrieval time? | | | |Did the valet associate conduct a Vehicle Damage Survey (VDS) of your car and review it with you when |3 | | |completed? ...
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...The Tourism Industry in Iraq Development. It was prepared by the joint venture partnership of The Louis Berger Group / The Services Group under Contract # 267-C-00-04-00435-00 The Tourism Industry in Iraq IZDIHAR— USAID Contract #267-C-00-04-00435-00 International Economic Consulting April 17, 2006 The Tourism Industry in Iraq DISCLAIMER The author’s views expressed in this publication do not necessarily reflect the views of the United States Agency for International Development or the United States Government. The IRAQ IZDIHAR project is funded by the United States Agency for International Development (USAID) and implemented by the joint venture partnership of: THE Louis Berger Group, INC. Engineers Planners Scientists Economists THE SERVICES GROUP The Tourism Industry in Iraq IZDIHAR— USAID Contract #267-C-00-04-00435-00 Table of Contents i TABLE OF CONTENTS I. Executive Summary...........................................................................1 II. Tourism: A Global and Regional Perspective...................................3 A. Profile of the Global Tourism Industry................................................................................3 1. Key Trends in Tourism...........................................................................................3 a. Long haul trips on the rise.........................................................................4 b. Safety and security: a growing concern..........
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...to, as much as I didn't want it to or so I thought... We didn't even need to leave the city for the airport until noon, so we went to go see the massive library in the middle of Manhattan. Too early, it was time to head back to the hotel and grab our baggage before grabbing a taxi to the airport. At the airport, we got all checked in and passed security without any issues. At the gate, the four of us sat in the plush black chairs. About fifteen minutes before we were scheduled for departure, the flight attendants called our seat numbers and we filed onto the plane. In our seats, we carefully stowed our carry-ons and lightly fought over the window seat. The rest of the plane boarded, we were all buckled in, and were just waiting for the flight attendant to come and explain the safety features so we could be in the air. After about fifteen minutes of waiting about five minutes after our scheduled departure we weren't too worried about being behind schedule. Apparently, though, we should have, because just then, over the loud speaker, one of the flight attendants started talking to us. First, he introduced himself and then went onto say, we are sorry, but we're having some technical difficulties with the plane. Maintenance is coming and we'll tell you more when we know more. So, we sat on the plane for two...
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