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You are in charge of a quarry that supplies sand and stone aggregates to your company's construction sites. Empty trucks from construction sites arrive at the quarry's huge piles of sand and stone aggregates and wait in line to enter the station, which can lad either sand or aggregate. At the station, they are filled with material, weighed, checked out, and proceed to a construction site. Currently, nine empty trucks arrive per hour, on average. Once a truck has entered a loading station, it takes 6 minutes for it to be filled, weighed, and checked out. Concerned that trucks are spending too much time waiting and being filled, you are evaluating two alternatives to reduce the average time the trucks spend in the system. The first alternative is to add side boards to the trucks (so that more material could be loaded) and to add a helper at the loading station (so that filling time could be reduced) at a total cost of $50,000. The arrival rate of trucks would change to six per hour, and the filling time would be reduced to 4 minutes. The second alternative is to add another loading station identical to the current one at a cost of $80,000. The trucks would wait in a common line and the truck at the front of the line would move to the next available station.
Which alternative would you recommend if you want to reduce the current average time the trucks spend in the system, including service? Show answer.
Imagine you are the marketing manager responsible for developing marketing strategy for a bicycle company. Propose the strategic marketing process you will use being sure the name the stages, the activities included in the stages and stage specifi..
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Assume a multiplicative decomposition model. If the expected trend for December is $900, also the median seasonal adjustment is used; illustrate what is the forecast for December.
Coupling can be marked at a rate of 200 per day. Annual storage cost is $2 per coupling also machine cost is $70 per run. Determine economic run quantity.
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