Cheapest Car Rental

Write at least a 525-word paper that addresses the following scenario:
Cheapest Car Rental rents cars at the Chicago O’ Hare airport. The car rental market consists of two
segments: the short-term segment, which rents for an average of 0.5 week, and the medium-term segment,
which rents for an average of 2 weeks. Cheapest Car Rental currently rents an average of 200 cars a week to
the short-term segment and 100 cars a week to the medium-term segment.
Approximately 20 percent of the cars returned (evenly distributed across both segments) are found to be
defective and in need of repairs before they can be made available to rent again. The remaining cars not
needing repairs are cleaned, filled with gas, and then made available to rent. On average, there are 100 cars
waiting to be cleaned. The average cost of this operation is $5 per car. Cars needing repairs spend an average
of 2 weeks in the repair shop and incur an average cost of $150 per car.

  • Assume that cars are rented as soon as they are available for rent, which is as soon as they have been
    cleaned or repaired.
    Short-term renters pay $200 per week, while medium-term renters pay $120 per week.
  • Identify throughput, inventory, and flow time at each stage.
  • What profit does Cheapest earn per week with the current system?
    Cheapest Car Rental is comparing two possible improvements:
  • Decrease time in repairs from 2 weeks to 1 week.
  • Decrease cost per repair from $150 per car to $120 per car while keeping repair flow time at 2 weeks.
  • Assume that the effort that is required in each case is the same.
  • Describe the change that you think will be most effective explains the reason for your answer.
  • Compare and contrast Cheapest Car Rental and a competitor.
  • Discuss the importance of average inventory, average flow time, and average throughput in relation to aggregate flow performance in the car rental industry.

Sample Solution

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Critical Questions

Write 8 critical questions about “Haute Couture” and “Neocraftmanship” to someone who work for a Haute Couture brand. It should be related to Fashion Studies

Sample Solution

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Manufacturing company supplies

Task 1
A UK manufacturing company supplies most of its product to the USA and has negotiated regular deliveries over a 10-year period. The contract was signed 5 years ago, with the product being priced in sterling (£) and with an agreed price uplift each year equivalent to the average of the USA and UK inflation rates.
i. Explain the impact on the business the as oil price per barrel has gone up as a result of recent conflict between the US and Iran.
ii. At the time the exchange rate was $1.5 to a pound, the US customer has asked for a price review. Explain why they want this and effect it might have on the profitability on the UK business. P4
In 2009, the Chinese economy had a positive balance of payments and was able to build up large reserves in the bank. To take advantage of the lower cost base, many UK companies relocated their manufacturing facilities to China while maintaining design and support services in the UK and EU.
i. Explain why is a Chinese company able to produce manufactured parts more cheaply than in the West while still maintaining quality?
ii. Explain the external and economic factors that might derail the Chinese engineering company’s manufacturing success? P4
Checklist of evidence required P4
Criteria covered by this task:
Unit/Criteria reference To achieve the criteria you must show that you are able to:
Uni1 7/LO2 explain how external factors and the economic environment affect the way in which an engineering company operates

Task 2
A workshop technician is using a lathe machine which has only recently been installed and commissioned by its manufacturer. Whiling setting up the tooling, the machine starts up without warning and the technician suffers a serious injury to both hands. A nearby worker cuts power supply to machine and summons a first aider. The technician is taken to hospital and will be off work several weeks.
You are the company’s health and safety manager. With the aid of flow chary, describe the steps you will take to investigate the accident and identify legislation and regulations that are relevant to this case and impact on the business.
Due to the serious nature of the injury you can expect a visit from the HSE inspector. What documentation will the inspector expect to see, and who will the inspector want to interview.
You company is currently tending for a big contract and bidding against a competitor based about 10 miles away. You are under strict instructions from your managing director not to talk to anyone outside the factory the about the accident. Why is this? P5

Checklist of evidence required P5

Criteria covered by this task:
Unit/Criteria reference To achieve the criteria you must show that you are able to:
Unit 7/LO 3 identify the legislation and regulations that impact on the way an engineering business operates

Task 3 a) A factory built originally on a Greenfield site is now ringed by housing estates. It employs about 200 people and is the largest business in the locality. Some people living nearby are trying to get it closed down because they are concerned about two of the manufacturing operations metal stamping, which they claim is very noisy, and electroplating, which involves the use of cyanide and they see this as a deadly process.
The company is to make a presentation to the residents’ association describing the environmental and social constrains that impact on the business, and explain how it complies with legislation and has good ‘green credentials’, particularly in respect of discharging waste water from the onsite treatment plant into a nearby river. The company also wants to highlight the economic benefits it brings to the local community.
Your manager asked you and a colleague to prepare an outline script and a ten-slide PowerPoint presentation. P6

b) Discuss the impact of the legislation on the operation of the company in task 3 in terms of benefits and limitations. You should make a balanced argument that picks the possible tensions between making a profit and complying with legislation in the situation described above. M2
c) Using the company, you work for or one which you have visited or in task 3, evaluate the importance and possible effect of the external factors that directly impact on its operation. You are looking to consider factors such as interest rates, inflation, political conflict between countries, climate change and carbon footprint issues, prices of raw materials, supply of materials, government legislation regulatory agencies (e.g. HSE), etc. D2

Checklist of evidence required
P6 M2 D2
Criteria covered by this task:
Unit/Criteria reference To achieve the criteria you must show that you are able to:
Unit 7/LO 2 describe the environmental and social constraints that impact on the way an engineering business operate
Unit 7/LO 3 discuss the impact of legislation on a specific operation within a typical engineering company in terms of benefits and limitations
Unit 7/LO 2 evaluate the importance and possible effect of the external factors that directly impact on an engineering company.

Sources of information to support you with this Assignment BTEC Level Engineering by Ernie Cook et al.
Business Skills for Engineers & Technologists by H. Cather et al
Boyce A, Cooke E, Jones R and Weatherill B – BTEC Level 3 National Engineering Student Book (Pearson, 2010) ISBN 9781846907241 Boyce A, Cooke E, Jones R and Weatherill B – BTEC Level 3 National Engineering Teaching Resource Pack (Pearson, 2010) ISBN 9781846907265 Chelsom J, Reavill L and Payne A – Management for Engineers, Scientists and Technologists, Second Edition (John Wiley and Sons Ltd, 2004) ISBN 0470021268 Nicholas J and Steyn M – Project Management for Business and Engineering and Technology (Butterworth-Heinemann, 2008) ISBN 0750683996 Tooley M and Dingle L – BTEC National Engineering (Newnes, 2007) ISBN 0750651660
Other assessment materials attached to this Assignment Brief eg, work sheets, risk assessments, case study
FOR 2012 L1/2 FIRSTS ONLY: If you have not achieved the Level 2 criteria, your work will be assessed to determine if the following Level 1 criteria have been met.
To achieve the criteria you must show that you are able to: Unit Criterion reference
explain how external factors and the economic environment affect the way in which an engineering company operates 7 Unit 7/LO 2
identify the legislation and regulations that impact on the way an engineering business operates 7 Unit 7/LO 3
describe the environmental and social constraints that impact on the way an engineering business operates 7 Unit 7/LO 2
discuss the impact of legislation on a specific operation within a typical engineering company in terms of benefits and limitations 7 Unit 7/LO 3
evaluate the importance and possible effect of the external factors that directly impact on an engineering company 7 Unit 7/LO 2

Sample Solution

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Amin Maalouf’s Crusades Through Arab Eyes.

How does Maalouf’s work present the Crusades? What are the main themes and issues depicted? How does
our understanding of the Crusades change or expand based on looking at the events “through Arab eyes”?
How can we understand the Crusades in the broader context of the period and issues of the time?
Students will have a thesis (main argument) and provide cogent analysis of the material found in the text. No
outside research is needed for this assignment. Please use only Maalouf’s text as your evidence to prove your
main argument regarding the points he makes and the overall meaning/impact of the material presented. Make
some conclusions about the legacy of the Crusades and the themes presented.

Sample Solution

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