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- The company PT. Surya Kencana requires raw materials of 50,000 kg per year,with a purchase price per kg of Rp. 50, -. Storage fee per kg per year of 20%of raw materials per kg. Order fee (every time you place an order) of Rp.10.000, -, Safety Stock is determined equal to material requirement for 15 days and lead timefor 10 days.Based on the data above, you are asked to:a. Calculate Economic Order Quantity (EOQ)b. The frequency of purchases for one year.c. Determine the Re-order Point, if one year operates 360 days.RBMC Industry manufactures a special printing according to customer specifications with respect to the number of sheets the machine can produce per hour. With this, there is a $50 increase in the production rate x. A shop owner is considering buying one of these machines. From his past experiences, the owner estimates that the arrival rate is three per hour and each order averages 500 sheets. Contracts signed by the owner, and the customer says that there will be a penalty of 10$ per late order per hour. It is assumed that the actual production time is exponential. (a) Formulate the cost model as a function of the production rate x. (b) Determine the optimal production rate the owner should specify in his purchase of the machine from RBMC. Hint: Get the derivative of the cost function.The management of Brinkley Corporation is interested in using simulation to estimate the profit per unit for a new product. The selling price for the product will be $45 per unit. Probability distributions for the purchase cost, the labor cost, and the transportation cost are estimated as follows: Procurement Cost($) 10 $ 11 12 Probability 0.25 0.45 0.30 Labor Cost ($) 20 22 24 25 Probability 0.10 0.25 0.35 0.30 Transportation Cost ($) 3 5 (a) Compute profit per unit for the base-case, worst-case, and best-case scenarios. Base Case using most likely costs Profit = $ /unit Worst Case Profit = $ /unit Best Case Profit = $ /unit Probability 0.75 0.25 (b) Construct a simulation model to estimate the mean profit per unit. (Use at least 1,000 trials.) (c) Why is the simulation approach to risk analysis preferable to generating a variety of what-if scenarios? Simulation will provide ---Select--- of the profit per unit values which can then be used to find ---Select--- ◆ of an unacceptably low…
- In reconciling the indications of value given by each of the three approaches the appraiser should generally Group of answer choices Add the three value estimates Select any one of the three estimates Take a simple average Take a weighted averageSolomon Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $ 8.30 per unit $ 3.30 per unit $ 2,200 total $ 900 total Solomon planned to produce and sell 2,900 units. Actual production and sales amounted to 3,100 units. Required a. Determine the sales and variable cost volume variances. b. Classify the variances as favorable (F) or unfavorable (U). d. Determine the amount of fixed cost that will appear in the flexible budget. e. Determine the fixed cost per unit based on planned activity and the fixed cost per unit based on actual activity. Complete this question by entering your answers in the tabs below. Req A and B Req D Req E a. Determine the sales and variable cost volume variances. b. Classify the variances as favorable (F) or unfavorable (U). Note: Select "None" if there is no effect (i.e., zero variance). Sales Variable manufacturing Volume VariancesPLS HELP ASAP ON BOTH
- Initial values are: PM $20000 PG = $1.00 I = $15000 A = $10000 QT 200 -.01PT +.005PM -10PG +.011 +.003A This function is: 1.(a). Use the above to calculate the arc price elasticity of demand between Pr = $20000 decreasing to PT = $10000. AQ P₁ + P₂ The arc elasticity formula is:Ep ΔΡ Q₁ +2₂ (b). Judging from the computation in (1a), do you expect the revenue resulting from the price decrease to $10000 to increase, remain the same, or decrease relative to the revenue at the price of $20000? (Hint: see the table on page 65 of Truett). Explain your choice. 2.(a) Calculate the point price elasticity of demand for Toyotas at PT= $20000 (which should make Q₁ = 270). Other variables and their values are given at the top, before question #1. The formula is: dQT PT Ep = ● арт LT (b). Does this elasticity indicate that Toyota demand is relatively responsive to changes in Toyota price? Explain why or why not. 3.(a). Calculate the point gasoline cross-price elasticity between (PG) and Toyota…Chemitronix Ltd. is a microchips manufacturing company. It was found that the business is at the maturity stage, demanding some change. After rigorous research, management came up with the following decision variables Expansion: 45% chance of gaining 1,500,000; 55% chance of losing X New Product: 50% chance of gaining 900,000; 50% chance of losing 576354 What must have been the value of expansion loss if expansion and new product will result to the same expected monetary values?The historic average and standard deviation of the percentage moisture content MC of a product is E(MC) = 78.5% and sMC = 10.5%, respectively.The results of a sample of size 5 taken over the last 5 hours included the following 4 data points and the sample average: 81, 74, 83, 66, x̄ = 79 . If the guideline is to maintain the product’s moisture within 1 standard deviation of the historic average, the number of sample values outside these limits is:a. 3b. 2c. 1d. none
- An estimator () is said to be an unbiased estimator 0 if the expected value of (⑦) is equal to the true parameter, If the bias of the expected value of (6) equals to zero. ○ True ○ FalseWastewater samples taken from an industrial discharge had the chemical oxygen demand (COD) concentrations below in mg/L. Determine the (a) arithmetic mean (by hand and spreadsheet), (b) median, (c) mode, and (d) standard deviation (by hand and spreadsheet). COD values: 452, 364, 415, 395The Robotics Manufacturing Company operates an equipment repair business where emergency jobs arrive randomly at the rate of two jobs per 8-hour day. The company's repair facility is a single-server system operated by a repair technician. The service time varies, with a mean repair time of 3.2 hours and a standard deviation of 2.1 hours. The company's cost of the repair operation is $28 per hour. In the economic analysis of the waiting line system, Robotics uses $38 per hour cost for customers waiting during the repair process. (a) What are the arrival rate and service rate in jobs per hour? (Round your answers to four decimal places.) λ = μ = (b) Show the operating characteristics. (Round your answers to four decimal places. Report time in hours.) L W = q L = = q W = W Show the total cost per hour. (Express the total cost per hour in dollars. Round your answer to the nearest cent.) TC = $ (c) The company is considering purchasing a computer-based equipment repair system that would…