Solve the newsperson problem.Probability 0.11 0.15Value12Purchase cost cSelling price pSalvage value v=||||||Optimal order quantity=0.2431329양11What is the optimal order quantity?0.2840.1650.066

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Answered: Solve the newsperson problem.…

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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A B C 20 12345690022===≈ Year Quarter Revenue 2010 1 7,131.00 2010 2 6,566.00 2010 3 7,560.00 2010 4 12,947.00 2011 1 9,857.00 7 2011 2 9,913.00 8 2011 3 10,876.00 2011 4 17,431.00 10 2012 1 13,185.00 11 2012 2 12,834.00 12 2012 3 13,806.00 13 2012 4 21,268.00 14 2013 1 16,070.00 15 2013 2 15,704.00 16 2013 3 17,091.00 17 2013 4 25,587.00 18 2014 1 19,741.00 19 2014 2 19,340.00 20 2014 3 20,578.00 21 2014 4 29,329.00 22 2015 1 22,717.00 23 2015 2 23,184.00 24 2015 3 25,358.00 25 2015 4 35,747.00 26 2016 1 29,128.00 27 2016 2 30,404.00 28 2016 3 32,714.00 29 2016 4 43,741.00 30 2017 1 35,714.00 31 2017 2 37,955.00 32 2017 3 43,744.00 33 2017 4 60,453.00 34 2018 1 51,042.00 35 2018 2 52,886.00 36 2018 3 56,576.00 37 2018 4 72,383.00 38 2019 1 59,700.00 39 2019 2 63,404.00 40 2019 3 69,982.00 41 2019 4 87,436.00 42 2020 1 75,452.00 43 2020 2 88,912.00 44 2020 3 96,145.00 45 2020 4 125,555.00
Q1/ Alpha Company estimates its product cost at 8000 $, the estimated annual requirement is 25000 units at holding cost 15% of product cost. a. What is the most economical number of units to order?(EOQ). b. How many orders should be placed in a year?(optimal number of orders).
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Problem 11-11 (Algo) Famous Albert prldes himself on being the Cookle King of the West. Small, freshly baked cookles are the specialty of his shop. Famous Albert has asked for help to determine the number of cookles he should make each day. From an analysis of past demand, he estimates demand for cookles as VROBARTLITY OF DENAND 0.04 DEEAND 1,800 dosen 2,000 2,200 0.10 0.20 2,400 2,600 2,000 3,000 0.26 0.15 0.03 0.14 ces Each dozen sells for $0.65 and costs $0.49, which includes handling and transportation. Cookles that are not sold at the end of the day are reduced to $0.30 and sold the following day as day-old merchandise. a. Compute the expected profit or loss for each cookie making decislon quantity. (Round your answer to the nearest whole number. Enter expected losses with a negative sign.) Cookles Baked (Dozen) Probability of Demand Expected Profit/Loss 1,800 0.04 2,000 0.10 2,200 0.28 2,400 0.26 2,600 0.15
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What would be the impact on profitability of processing Product B further, rather than selling product B at the intermediate stage? O increase in profitability of $24,000 Increase in profitability of $10,000 Decrease in profitability of $5,000 Decrease in profitability of $15,000 None of the above 2nd question solve plz
ca/d21/le/content/775993/viewContent/6496162/View YouTube W Maps 4. Retaining Walls R Us has received numerous complaints from its major customer Humungous Warehouse about the accuracy and reliability of its shipments. You decide to collect data on the defective shipments REASON FOR DEFECTIVE SHIPMENT No. OF INCORRECT No. OF SHIPMENTS BILL OF INCORRECT DAMAGED TRUCKS WEEK SHIPMENTS WITH DEFECTS LADING TRUCKLOAD PRODUCT LATE 1 23 31 8. 1 4. 1 3 28 6 3 1 4 37 11 4. 4 35 10 4 1. 6. 40 14 6. 3. 7. 41 12 3 1 8. 44 15 Heizer and Render, 2006 You have consistently exceeded your regular output of 30 shipments per week and wonder if that may have something to do with the number of defects. Develop a scatter diagram using total number of shipments and number of defective shipments. Does there appear to be a relationship? Civon thatunurwnrlıforco isc onal unu choclvour omnloumont rocorde for the last O vinolke 2. 13 View as
Solve the newsperson problem. Probability 0.15 0.16 0.18 0.18 0.14 0.19 Value 1 2 m 4 5 6 Purchase cost c Selling price p Salvage value v 222 20 28 15 What is the optimal order quantity?
Corral Cartage leases trucks to service its shipping contracts. Larger trucks have cheaper operating costs if there is sufficient business, but are more expensive if they are not full. CC has estimates of monthly shipping demand. What comparison method(s) would be appropriate for choosing which trucks to lease? 1.Present Worth(PW) 2.Annual Worth(AW) 3.Payback Period
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2. Atlanta D = 80,000 annual demand 5% holding cost Purchase cost $13.00/unit Ship quantity = 1,000/container Cost to place PO = $50/PO Shipping cost = $1,200/container Annual order cost Annual holding cost Annual logistics cost Total purchase cost Total annual costs |||||||||| =

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Solve the newsperson problem. Probability 0.11 Value 1 Purchase cost c Selling price p Salvage value v 0.15 2 Optimal order quantity |||||| = 0.24 0.28 4 3 13 29 11 What is the optimal order quantity? J 0.16 5 0.06 6