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A manager must decide how many machines of a certian type to purchase. Each machine can process 100 customers per day. One machine will result in a fixed cost of $2000 per day, while two machines will result in a fixed cost of $3800 per day. Varible costs will be $20 per customer, and revenue will be $45 per customer.
A, Determine the break-even point for each range.
B. If estimated demand is 90 to 120 customers per day, how many machines should be purchased?
The airline knows from past history that an average of 32 customers (with a standard deviation of 22) cancel their reservation or do not show for the flight
Illustrate what is the logic in the least squares method of linear regression analysis. Overall the logic of least squares method is used to forecast the next quarterly sales of the organization.
You have been asked to provide an analysis of student achievement trends. Discuss at least three strategies you might use to analyze data in your list also evaluate present trends in student achievement.
subsequent tabulations are actual sales of units for 6 months and a starting forecast in January. Compute forecasts for remaining 5months using simple exponential smoothing with.
Elucidate how can we keep the stereotypes we have from interfering with the way we work in team projects. Identify TWO specific things you could do to help prevent stereotypes from inhibiting effective team relationships.
Assume that it takes Steve10 minutes to leave work and walk to LHS and 10 minutes to walk back (i.e. each way of the walk takes 10 minutes). How long (in minutes) will he need to leave work for to get a haircut at LHS?
Sales (X, in millions of dollars) is related to Profits (Y, in hundreds of thousands of dollars) by regression equation Y = 8.21 + 0.76 X. Illustrate what is your forecast of profit for a store with sales of $40 million or $50 million.
Select one of the six steps for the blueprint for process analysis and describe how you would analyze a process. The process can be for school, work, home project etc.
You have been asked to analyze the bids for 200 polished disks used in solar panels. These bids have been submitted by three suppliers: Thailand Polishing, India Shine, and Sacramento Glow.
Show depth and breadth in your paper to enhance the quality of your paper. 3. Try your best to search in our library to find some papers/articles to support your argument and show them in the reference list
What is the optimal interval (in working days) between orders? What is the demand during lead-time? What is the inventory position immediately after an order has been placed?
What is their productivity? John and his employees have discusses redesigning the process to improve efficiency. If they can increase the rate to 125 per day, what will be their new productivity?
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