Business in Action (8th Edition)
Business in Action (8th Edition)
8th Edition
ISBN: 9780134129952
Author: Courtland L. Bovee, John V. Thill
Publisher: PEARSON
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Chapter 17.4, Problem 2IYB
Summary Introduction

To discuss: The intangible assets offered by Person X to his company

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9. Research Methodology Fully explain the Quantitative research methodology that and add in the following sub-sections: . Data Collection • Data Analysis
Ruby-Star Incorporated is considering two different vendors for one of its top-selling products which has an average weekly demand of 40 units and is valued at $80 per unit. Inbound shipments from vendor 1 will average 340 units with an average lead time (including ordering delays and transit time) of 2 weeks. Inbound shipments from vendor 2 will average 550 units with an average lead time of 1 week. Ruby-Star operates 52 weeks per year; it carries a 2-week supply of inventory as safety stock and no anticipation inventory. a. The average aggregate inventory value of the product if Ruby-Star used vendor 1 exclusively is $ (Enter your response as a whole number.)
The Carbondale Hospital is considering the purchase of a new ambulance. The decision will rest partly on the anticipated mileage to be driven next year. The miles driven during the past 5 years are as follows: Year Mileage 1 3,000 2 3 4 4,000 3,450 3,850 5 3,800 a) Using a 2-year moving average, the forecast for year 6 = miles (round your response to the nearest whole number). b) If a 2-year moving average is used to make the forecast, the MAD based on this = miles (round your response to one decimal place). (Hint: You will have only 3 years of matched data.) c) The forecast for year 6 using a weighted 2-year moving average with weights of 0.40 and 0.60 (the weight of 0.60 is for the most recent period) = ☐ miles (round your response to the nearest whole number). miles (round your response to one decimal place). (Hint: You will have only 3 years of The MAD for the forecast developed using a weighted 2-year moving average with weights of 0.40 and 0.60 = matched data.) d) Using…
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