Which of the following statements about JIT is correct? JIT applies successfully only in assembly systems JIT is useful for a high product variety environment JIT seeks to reduce inventory in an effort to eliminate waste JIT is also called Toyota push system JIT is necessary for achieving exceptionally high quality
Kong Kong Express Airline has started selling the air tickets for the flight 209 from Hong Kong to Roma on June 30. There are 250 economy class seats on board. The airline sells some economy class seats at a discount price of HK$4,400 în advance and reserve a number of seats to sell at the full price of HK$10,000. Suppose that Kong Kong Express Airline can always sell all discount tickets, and the demand for full price tickets is normally distributed with a mean of 100 and a a standard deviation of 25. What is the optimal protection level for the airline? Choose the closest option 125 100 75 96
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!