do fast The 240-lb crate in (Figure 1) is in equilibrium.Figure5.5 ft2 ftB1 of 1 >Part ADetermine the tension developed in cable AB for equilibrium of the crate.Express your answer to three significant figures and include the appropriate units.ΑFAB ValueUnits4'ftSubmitRequest Answer6 ft.2.5 ftPart B?Determine the tension developed in cables AC for equilibrium of the crate.Express your answer to three significant figures and include the appropriate units.

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Answered: The 240-lb crate in (Figure 1) is in…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter9: Decision Making Under Uncertainty

Section9.2: Elements Of Decision Analysis

Problem 2P

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Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. Is Ben Gibson acting legally? Is he acting ethically? Why or why not?
Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?
Give proper and detailed explanation
A developer has requested your advice for the selling price per sg.m, of flats in an area of your choice. You should retrieve 20 asking prices for residential flats in your preferred area from agents' websites. Proceed with all necessary adjustments and estimate a value per sg.m, for a typical 2 bedroom flat that he is aiming to build. Additionally, retrieve asking rental prices for the same area and proceed with the necessary adjustments in order to estimate the ARY. Present your analysis and the way of thinking in 500 words and also support your opinion with an excel table showing your adjustments.
Lomotan Piggery grows pigs to sell to a meat processing company. It is known for a fact that its peak season is during the first quarter of the year. Lomotan Piggery has checked the demand for pigs for the past three years which is shown below: Demand for Pigs at Lomotan Piggery: Demand (1,000s) per Quarter Year Q1 Q2 Q3 Q4 Total 2011 47 43 41 39 170 2012 48 46 38 44 176 2013 49 44 46 37 176 Total 144 133 125 120 522 What are the quarter 3 forecasts for 2014 using linear trend?
A manager uses this equation to predict demand for landscaping services: Ft= 10 + 5t Over the past eight periods, demand has been as follows: Period, t: 1 Demand: 15 2 21 Period, t Tracking signal 1 2 3 4 5 6 7 8 3 23 30 5 32 6 38 42 Click here for the Excel Data File Compute the tracking signals for Periods 1-8. (Negative values should be indicated by a minus sign. Round your intermediate calculations and final answers to 3 decimal places.) 8 47
Data collected on the yearly demand for 50-pound bags of fertilizer at Wallace Garden Supply are shown in the following table: YEAR DEMAND FOR FERTILIZER (1,000S OF BAGS) 1 4 2 6 3 4 4 5 5 10 6 8 7 7 8 9 9 12 10 14 11 15 a) Develop a 3-year moving average to forecast demand?
Solve the following:1. Sales of Volkwagen’s popular Beetle have grown steadily at autodealership in Nevada during the past 5 years (see table below). The sales manager had predicted before the new model was introduced that first-year sales would be 410 VWs. Using exponential smoothing with a weight of α= .30, develop forecast for years 2 through 6.Year Sales1 450 4102 4953 5184 5635 5846?2. The following data come from regression line projections:ForecastPeriod 1234Forecast Values 410419428435Actual values 406423423440Compute the MAD and MSE.
c. From the following decision tree, develop a payoff table and calculate: * Maximax, Minimax regret, Maximin, and EMV. ORs. 50,000 Good conditions (0.60) Poor conditions (0.40) -O Rs. 30,000 Apartment Building Good conditions (0.60) O Rs. 100,000 Office building Poor conditions (0.40) Purchase ORs -40,000 Warchouse Good conditions (0.60) Rs.30, 000 Poor conditions (0.40) O Rs. 10,000
Andrew Thomas, a sandwich vendor at Hard Rock Cafe's annual Rockfest, created a table of conditional values for the various alternatives (stocking decision) and states of nature (size of crowd) States of Nature (demand) Average $12,000 $9,000 $8,100 Big Small $22,000 -$2,000 Alternatives Large Stock Average Stock Small Stock $12,000 $6,000 $9,000 $4,000 The probabilities associated with the states of nature are 0.20 for a big demand, 0.45 for an average demand, and 0.35 for a small demand a) The alternative that provides Andrew Thomas the greatest expected monetary value (EMV) is
The owner of a small business is considering three options: buying a computer, leasing a computer, or getting along without a computer. Based on the information obtained from the firm's accountant, the following payoff table (in terms of net. profit) was developed: State of Nature State # 1 State # 2 State # 3 Alternative (S1) (S2) (S3) A1 6. A2 АЗ 4 Based on the probability for each state of nature in previous question(the probability for S1 to happen equals the probability of S2; the probability for S2 to happen is three times of S3). What is the EVPI? O 5.29 O Can't be computed with the given information O 114 O 642
Q2: An economist who estimated the Keynesian money demand function in logarithmic form using data from Sri Lankan economy, obtained the graph on the left by using predicted and actual money demand. While the model was very successful in predicting money demand until 2010 (small forecast errors), it predicts a consistently higher money demand than actually occurred since then (growing forecast errors each period). 48 Ln(M) 4.75 4.7 4.65 4.6 4.55 Actual 4.5 Predicted ...... 4.45 Help this economist who has trouble explaining this situation, even if you do not know anything about the economy in question. Can you answer this question with details please? 6toz Stor

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