To simulate: The damages needed to pay for the car Simulation modeling is a computerized model that depicts a real-life situation. It is similar to other mathematical models except that it incorporates the concept of uncertainty in one or more number of the input variables.

Question

PP.52 A manufacturer of solid state drives (SSDs) has projected the next six months of demand to be as shown the table below: Supply/Demand Info Beginning Jan Feb Mar Apr May Jun Forecast (demand) 53,800 53,400 51,000 63,800 49,200 59,000 Regular production Overtime production Subcontract production Ending inventory 4,000 Hired employees Fired employees Total employees 190 Cost variables are as follows: Cost Variables Labor cost/hour $16 Overtime cost/unit $39 Subcontracting cost/unit $35 Holding cost/unit/month $14 Hiring cost/employee $3,100 Firing cost/employee $5,500 Here is some additional relevant (capacity) information: Capacity Information Total labor hours/SSD 4 Regular production units/employee/month 200…

Answer 1

Question

Chapter 10.4, Problem 11P

a)

Summary Introduction

To simulate: The damages needed to pay for the car

Simulation modeling is a computerized model that depicts a real-life situation. It is similar to other mathematical models except that it incorporates the concept of uncertainty in one or more number of the input variables.

b)

Summary Introduction

To find: The average amount need to pay, the standard deviation of amounts to pay and also a 95% confidence interval for the average amount paid for each of the deductible amounts.

c)

Summary Introduction

To explain: The responses and suggestions given by Person X.

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PP.52 A manufacturer of solid state drives (SSDs) has projected the next six months of demand to be as shown the table below: Supply/Demand Info Beginning Jan Feb Mar Apr May Jun Forecast (demand) 53,800 53,400 51,000 63,800 49,200 59,000 Regular production Overtime production Subcontract production Ending inventory 4,000 Hired employees Fired employees Total employees 190 Cost variables are as follows: Cost Variables Labor cost/hour $16 Overtime cost/unit $39 Subcontracting cost/unit $35 Holding cost/unit/month $14 Hiring cost/employee $3,100 Firing cost/employee $5,500 Here is some additional relevant (capacity) information: Capacity Information Total labor hours/SSD 4 Regular production units/employee/month 200…

Discuss how a human resource professional can better gain the confidence of senior management and, thereby, become a key participant/player in the organization’s future.

PP.63 Jupiter, a large candy company, is having great success with its "Swan" family of candy bars. Due to a number of factors they like to plan their production at least six months into the future. The table below contains their demand projections (in tons) for April through September: Supply/Demand Info Beginning Apr May Jun Jul Aug Sep Predicted Sales 45,500 45,100 51,900 52,800 47,900 47,200 Regular production Overtime production Subcontract production Ending inventory 14,400 Hired employees Fired employees Total employees 423 Cost variables are as follows: Cost Variables Labor cost/hour $13 Overtime cost/ton $30 Subcontracting cost/ton $28 Holding cost/ton/month $14 Hiring cost/employee $3,700 Firing cost/employee $5,800 Here is some additional…

Answer 2

Question

Chapter 10.4, Problem 11P

a)

Summary Introduction

To simulate: The damages needed to pay for the car

Simulation modeling is a computerized model that depicts a real-life situation. It is similar to other mathematical models except that it incorporates the concept of uncertainty in one or more number of the input variables.

b)

Summary Introduction

To find: The average amount need to pay, the standard deviation of amounts to pay and also a 95% confidence interval for the average amount paid for each of the deductible amounts.

c)

Summary Introduction

To explain: The responses and suggestions given by Person X.

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Answer 3

Question

Chapter 10.4, Problem 11P

a)

Summary Introduction

To simulate: The damages needed to pay for the car

Simulation modeling is a computerized model that depicts a real-life situation. It is similar to other mathematical models except that it incorporates the concept of uncertainty in one or more number of the input variables.

b)

Summary Introduction

To find: The average amount need to pay, the standard deviation of amounts to pay and also a 95% confidence interval for the average amount paid for each of the deductible amounts.

c)

Summary Introduction

To explain: The responses and suggestions given by Person X.

Expert Solution & Answer

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Answer 4

Question

Chapter 10.4, Problem 11P

a)

Summary Introduction

To simulate: The damages needed to pay for the car

Simulation modeling is a computerized model that depicts a real-life situation. It is similar to other mathematical models except that it incorporates the concept of uncertainty in one or more number of the input variables.

b)

Summary Introduction

To find: The average amount need to pay, the standard deviation of amounts to pay and also a 95% confidence interval for the average amount paid for each of the deductible amounts.

c)

Summary Introduction

To explain: The responses and suggestions given by Person X.

Expert Solution & Answer

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Answer 5

Chapter 10.4, Problem 11P

a)

Summary Introduction

To simulate: The damages needed to pay for the car

Simulation modeling is a computerized model that depicts a real-life situation. It is similar to other mathematical models except that it incorporates the concept of uncertainty in one or more number of the input variables.

b)

Summary Introduction

To find: The average amount need to pay, the standard deviation of amounts to pay and also a 95% confidence interval for the average amount paid for each of the deductible amounts.

c)

Summary Introduction

To explain: The responses and suggestions given by Person X.

Answer 6

Chapter 10.4, Problem 11P

a)

Summary Introduction

To simulate: The damages needed to pay for the car

Simulation modeling is a computerized model that depicts a real-life situation. It is similar to other mathematical models except that it incorporates the concept of uncertainty in one or more number of the input variables.

Answer 7

Chapter 10.4, Problem 11P

a)

Summary Introduction

To simulate: The damages needed to pay for the car

Simulation modeling is a computerized model that depicts a real-life situation. It is similar to other mathematical models except that it incorporates the concept of uncertainty in one or more number of the input variables.

Answer 8

b)

Summary Introduction

To find: The average amount need to pay, the standard deviation of amounts to pay and also a 95% confidence interval for the average amount paid for each of the deductible amounts.

Answer 9

b)

Summary Introduction

To find: The average amount need to pay, the standard deviation of amounts to pay and also a 95% confidence interval for the average amount paid for each of the deductible amounts.

Answer 10

c)

Summary Introduction

To explain: The responses and suggestions given by Person X.

Answer 11

c)

Summary Introduction

To explain: The responses and suggestions given by Person X.

Answer 12

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Answer 23

Ch. 10.2 - Use the RAND function and the Copy command to...Ch. 10.2 - Use Excels functions (not @RISK) to generate 1000...Ch. 10.2 - Use @RISK to draw a uniform distribution from 400...Ch. 10.2 - Use @RISK to draw a normal distribution with mean...Ch. 10.2 - Use @RISK to draw a triangular distribution with...Ch. 10.2 - Use @RISK to draw a binomial distribution that...Ch. 10.2 - Use @RISK to draw a triangular distribution with...Ch. 10.2 - We all hate to keep track of small change. By...Ch. 10.4 - Prob. 11P Ch. 10.4 - In August of the current year, a car dealer is...

To simulate: The damages needed to pay for the car Simulation modeling is a computerized model that depicts a real-life situation. It is similar to other mathematical models except that it incorporates the concept of uncertainty in one or more number of the input variables.

Concept explainers

To simulate: The damages needed to pay for the car

Simulation modeling is a computerized model that depicts a real-life situation. It is similar to other mathematical models except that it incorporates the concept of uncertainty in one or more number of the input variables.

To find: The average amount need to pay, the standard deviation of amounts to pay and also a 95% confidence interval for the average amount paid for each of the deductible amounts.

To explain: The responses and suggestions given by Person X.

Chapter 10 Solutions