Problem setting:There is an icecream store. The manager tells the salesman thatCharge $2 for each icecream in the morning;Charge $1.5 for each icecream in the afternoon before 6pm;Charge $1 for each icecream after 6pm.The store opens 7am-7pm.The demand follows a Poisson process of lambda=10/hourThe wholesale price of an icecream is $1, the salvage price is $0.5 (unsold units can be returned to thesupplier for $0.5 each)1. Suppose the order quantity is Q=75. Generate daily profits for 30 days. Construct a confidenceinterval for the daily profit. (To answer this question, you need to state clearly what is thepopulation, parameter, sample, and statistics in this problem setting. And you also need tointerpret the confidence interval that you generated.)

*answer: Expected Profit for the order Quantity 50. As it is given in the question that demand is…

Answered: Problem setting: There is an icecream…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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A company uses 5000 items per annum which has a price of $2 each. The ordering costs are $150 per order and holding costs are $1.50 per item per annum. The company is offered a 5% discount (discounted price is $1.90) for orders of 5000 and over. Order cost and holding cost remain at $150 per order and $1.50 respectively. Assuming that the company orders 5000 items per order, calculate the number of orders per annum, average stock, annual stock holding cost, annual order cost, annual inventory cost and the total annual cost of items and inventory.
Actuarial science. On Sept 1, 2010, a fund had $180,000. On Feb 1, 2011, the fund balance was $175,000 and a withdrawal of $15,000 was made. On July 1, 2011, the fund balance was $160,000 and a new deposit of $5,000 was made. On Aug 31, 2011, the fund balance was $180,000. The time weighted rate of return is T and the dollar weighted return is D. Find D
A factory ships weekly shipments of an item to a distribution center and the average quantity shipped is 350 units. The weekly ordering rate for this distribution center is 50 units for an item. Unit price is $ 650. The period of supply from the factory to the distribution center is two weeks (2 weeks). The distribution center must pay for the stock from the moment the manufacturer ships the goods. If the distribution center wants to increase the purchase quantity to 400 units, the factory will give priority to the distribution center and guarantee it Supply period (one week only). Required: What is the effect on the average cycle inventory and the pipeline inventory of the distribution center? With the necessity to comment on the results.
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From the data given compute the sales price for each product T and O. From the data given compute variable cost per unit for each product T and O. Letter Co. produces and sells two products, T and O. It manufactures these products in separate factories and markets them through different channels. They have no shared costs. This year, the company sold 50,000 units of each product. Sales and costs for each product follow.
please help me solve these
A retailer anticipates selling 1,300 units of its product at a uniform rate over the next year. Each time the retailer places an order for a units, it is charged a flat fee of $25. Carrying costs are $26 per unit per year. How many times should the retailer reorder each year and what should be the lot size to minimize inventory costs? What is the minimum inventory cost? They should order units The minimum inventory cost is $ times a year.
engineering data

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