problem 4 McKinney be superior?the relevance of break-even points for these cities?MayJunesame profit?be superior (have higher profits)?Problem 4The monthly demand for units manufactured by the Acme Rocket Company has been as follows:MonthUnitsUnits10080110115MonthSeptemberOctoberNovemberJulyAugustDecembera) Use the exponential smoothing method to forecast the number of units for June to January. The initialforecast for May was 105 units; a 0.2.$29,000 each.b) Calculate the absolute percentage error for each month from June through December and the MAD andMAPE of forecast error as of the end of December.Problem 5Madras Medical College is trying to improve its image providingtheir relatives. Part of the "image" program involveshealthful. A questionnaire accompaniese or she is satisfied or unsatisdays yielded the t105c) Calculate the tracking signal as of the end of December. What can you say about the performance oryour forecasting method?110125120

Formulae used: Exponential smoothing: Ft=α(At-1) + (1-α)Ft-1Where: Ft-1=forecast for the previous…

Answered: Kinney be superior? relevance of…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Question 2 - Rohe (Hong Kong) Ltd is a pharmaceutical company which manufactures and supplies various drugs for drug stores in Asia. Currently, Rohe (Hong Kong) Ltd has four factories A, B, C and D. Management has decided to build a new factory at a location central to these factories. Information regarding the yearly demands and the map coordinates for the four factories are shown in below table. Factories e Demand e x-coord- 9,000- y-coorde A- 20e 130e Be 3,000 60- 404 Ce 5,000- 70- 100- De 16,000- 90 30 (a) Determine the map coordinates of the new factory. (b) Suggest and elaborate TWO other factors that need to consider in the selection of location. e
Question 2 Target Ltd produces a single product. The company has employed the services of a statistical firm to develop cost functions that will assist in arriving at the optimal price that will enable the company to maximize profits. During November 2018, you were provided with the following demand and costs functions for the product: Demand function: P=60+2Q, where P is the unit selling price and Q is quantity of units in thousands. Cost function: TC= 3Q2 - 2Q + 200, where TC is total costs in thousands of dollars. Required: Find the output at which profit is maximized. Find the optimal price that maximizes profit. Determine the optimal sales revenue Calculate the maximum profit Briefly outline three (3) factors to be considered when settingprices for the company’s products.
Question One: Explain the term “The 3 Rs: Reduce, Reuse, and Recycle”, and show how the 3 Rs relate to Sustainability?
Question 1 Consider the market for satellite communications. Based in McLean, Virginia, Iridium Communications is a satellite-communications provider. Iridium is now replacing its original fleet of satellites, which started operations in 1998, with a new, advanced fleet of satellites called Iridium Next. Iridium, which mainly offers satellite phone and data services, said it will expand an ongoing $3 billion network modernization with dozens of additional satellites on which it will sell or lease capacity to private customers. In the market for satellite communications, the market price, and market quantity. O increases...increases O increases...decreases decreases...increases O decreases...decreases
Q.1. a) Identify the challenges affecting the delivery performance and buffer levels in an in-house material handling system at BRL. (
Question 3 To keep up with the market demands, Dolphin Technologies allows overtime for each of the two departments. The cost per hour of overtime for the Chip Manufacturing Department is $20, and $12 for Case Fabricating Department. Formulate a linear programming model can be used to determine the optimal production quantities if overtime is made available.
1. The drug distribution company LOS PAISAS wants to build a new warehouse in Carretera a Masaya area in which they intend to store the following products: equipment and products for babies. With these products, they plan to serve a total of 10,000 pharmacies in Managua. Equipments Baby products Demand (quantity pharmacies served) 2,000 8,000 Cost per product $1,000.00 $30.00 To achieve balanced use of products, baby product must be equal to 60% of authorized product units. Additionally, the number of units requested in medical equipment must be at least 20% of the total authorized. There are a total of 10,000 pharmacies. The optimal plan needs to be determined to maximize the amount of products they must have to meet demand and maximize profits. Can you please explain it Step-by-step and typed? Thank you in advance!
QUESTION 12 A vendor for the local ballpark food stand is questioning whether to stock his concession with a large or small inventory. He believes that it will depend upon the size of the crowd. He has developed a payoff matrix for the various alternatives (stocking decision) and states of nature (size of crowd). What is the answer using the criterion of maximin? Alternatives Large Inventory Small Inventory Probability OA) -$2,000 O B) $0 OC) $51,667 OD) $220,000 O E) -$5,000 Large Crowd $220,000 $90,000 .20 PROFIT (S) Average Crowd $50,000 $70,000 1.50 Small Crowd -$2,000 -$5,000 30
Module 5 Question 8 Mayborn Enterprises, LLC runs a number of sporting goods businesses and is currently analyzing a new T-shirt printing business. Specifically, the company is evaluating the feasibility of this business based on its estimates of the unit sales, price per unit, variable cost per unit, and fixed costs. The company's initial estimates of annual sales and other critical variables are shown here: Base CaseUnit sales 7,500Price per unit $16.00Variable cost per unit $10.00Fixed cash expense per year $10,000Depreciation expense $4,000 a. Calculate the accounting and cash break-even annual sales volume in units. b. Bill Mayborn is the grandson of the founder of the company and is currently enrolled in his junior year at the local state university. After reviewing the accounting break-even calculation done in part a, Bill wondered if the depreciation expense should be included in the calculation. Bill had just completed his first finance class…
Question 4 Carefully explain what is happening in the following markets. Indicate the impact if any on demand, supply, price and quantity Scenario 1: Market for 21 ft Ladders $21 FoOT LADDER RENTALS Fa BORDER FENCE OPE SCON Impact on demand Choose. Impact on supply Choose. Impact on price Choose. Impact on quantity Choose.
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QUESTION 4 Penske logistics transports fresh goods, baked goods, dairy, frozen, and merchandise to restaurants. When considering the physical nature of goods, discuss the factors that affect the mode of transport chosen. QUESTION 5 Elaborate on the steps that QSR would take to formulate a new strategy.

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