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Consider the problem of Inventory Management for a store that sells frozen foods. The store expects to sell 50,000 pounds of frozen foods in a year and they need to decide what size refrigeration unit to purchase. The cost of the refrigeration unit is 8000+0.4s dollars, where s is the maximum number of pounds of frozen food that the refrigeration unit will hold. It costs the same amount to run the refrigeration unit no matter how much frozen food is in it, but that cost is 6s dollars per year. We assume that the store will arrange to have new shipments of frozen food arrive just as their existing inventory runs out (this is called Just in Time inventory control). This means each shipment of new inventory should contain s pounds of frozen food. Let N be the number of deliveries required in a given year. The delivery costs are 300+0.06s dollars per delivery. Finally, it is likely that the refrigeration unit has a useful life of only five years, so let's assume that the cost of the refrigeration unit is spread out evenly over a five-year period.
Give a formula for the annual inventory control costs, C, as a function of the maximum storage size, s. (This would only be valid for the first five years.)
At the downtown office of First National Bank there are five tellers. Last week the tellers made the following number of errors each: 2, 3, 5, 3, and 5.
a vending machine dispesses coffe into twenty-ounce cup. the amount of coffe dispensed into the cup is normally distrubuted with s standard deviation of 0.40 ounces. you allow the cup overfill 10% of the line. What amount should you set the mean a..
What is the velocity of a liquid in a pipe that has a flow rate of 5ft3/s and a diameter of 6 inches ? please show the steps in detail ?
A ball of radius 12 has a round hole of radius 5 drilled on an axis through its center. Find the volume of the resulting solid.
A ball is thrown directly downward with an initial velocity of 8 m/s from a height of 30 m.
Adams High School has 171 freshman, 189 sophomores, 212 juniors, and 238 seniors. If two students are selected at random without replacement, what is the probability of selecting a freshman on the first selection and a senior on the second selecti..
A study of 35 golfers showed that their average score on a particular course was 92.The standard deviation of the sample is 5.
the proportions of the rectangle never changes. how fast is the area of the rectangle increasing when its dimensions are 12cm by 8cm.
What is the probability that a green marble was chosen?
Bob, driving a new Ford, travels 330 miles in the same amount of time it takes John, driving an old Chevy and traveling 10 miles per hour faster, to travel 390 miles. How fast is John driving?
if the first and the third consecutive odd integers are added,the result is 87 less than five times the second integer. find the third integer.
1) a) How many 16 bit strings of 0's and 1's contain exactly 7 1's? b) How many 16 bit strings of 0's and 1's contain at least one 1?
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