Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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Chapter 10.6, Problem 24P
Summary Introduction
To determine: Whether the two inputs correlated as expected.
Introduction: Simulation model is the digital prototype of the physical model that helps to
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View the video Noodles & Company (8.28minutes, Ctrl + Click on the link); what are your key takeaways (tie to one or more of the topics discussed in Chapters 7 & 7S – service process design, type of job design, methods analysis, work methods, job design, learning curve effect, etc.) after watching this video. https://media.gaspar.mheducation.com/GASPARPlayer/play.html?id=E5i8OKgpqhwywhgFmpp1bmM
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The Donald Fertilizer Company produces industrial chemical fertilizers. The projected manufacturing requirements (in gallons) for the next four quarters are
90,000, 90,000, 60,000, and 140,000 respectively. A level workforce is desired, relying only on anticipation inventory as a supply option. Stockouts and
backorders are to be avoided, as are overtime and undertime.
a. Determine the quarterly production rate required to meet total demand for the year, and minimize the anticipation inventory that would be left over at the
end of the year. Beginning inventory is 0.
The quarterly production rate is 95000 gallons. (Enter your response as an integer.)
b. Specify the anticipation inventory that will be produced. (Enter your responses as an integers.)
Quarter
Anticipation
inventory (gallons)
1
5000
2
10000
3
4
45000
c. Suppose that the requirements (in gallons) for the next four quarters are revised to 140,000, 60,000, 90,000, and 90,000 respectively. If total demand is
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Chapter 10 Solutions
Practical Management Science
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. 11PCh. 10.4 - In August of the current year, a car dealer is...
Ch. 10.4 - Prob. 13PCh. 10.4 - Prob. 14PCh. 10.4 - Prob. 15PCh. 10.5 - If you add several normally distributed random...Ch. 10.5 - In Problem 11 from the previous section, we stated...Ch. 10.5 - Continuing the previous problem, assume, as in...Ch. 10.5 - In Problem 12 of the previous section, suppose...Ch. 10.5 - Use @RISK to analyze the sweatshirt situation in...Ch. 10.5 - Although the normal distribution is a reasonable...Ch. 10.6 - When you use @RISKs correlation feature to...Ch. 10.6 - Prob. 24PCh. 10.6 - Prob. 25PCh. 10.6 - Prob. 28PCh. 10 - Six months before its annual convention, the...Ch. 10 - Prob. 30PCh. 10 - A new edition of a very popular textbook will be...Ch. 10 - Prob. 32PCh. 10 - W. L. Brown, a direct marketer of womens clothing,...Ch. 10 - Assume that all of a companys job applicants must...Ch. 10 - Lemingtons is trying to determine how many Jean...Ch. 10 - Dilberts Department Store is trying to determine...Ch. 10 - It is surprising (but true) that if 23 people are...Ch. 10 - Prob. 40PCh. 10 - At the beginning of each week, a machine is in one...Ch. 10 - Simulation can be used to illustrate a number of...Ch. 10 - Prob. 43PCh. 10 - Prob. 46PCh. 10 - If you want to replicate the results of a...Ch. 10 - Suppose you simulate a gambling situation where...Ch. 10 - Prob. 49PCh. 10 - Big Hit Video must determine how many copies of a...Ch. 10 - Prob. 51PCh. 10 - Prob. 52PCh. 10 - Why is the RISKCORRMAT function necessary? How...Ch. 10 - Consider the claim that normally distributed...Ch. 10 - Prob. 55PCh. 10 - When you use a RISKSIMTABLE function for a...Ch. 10 - Consider a situation where there is a cost that is...
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