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You have been hired as an operations research consultant by a company to reevaluate the inventory policy for one of its products. The company currently uses the basic EOQ model. Under this model, the optimal order quantity for this product is 1,000 units, so the maximum inventory level also is 1,000 units and the maximum shortage is 0. You have decided to recommend that the company switch to using the EOQ model with planned shortages instead after determining how large the unit shortage cost ( p) is compared to the unit holding cost (h). Prepare a table for management that shows what the optimal order quantity, maximum inventory level, and maximum shortage would be under this model for each of the following ratios of
Assume that a simple random sample is selected from a normally distributed population. Use either the P-value method or the traditional method of testing hypotheses.
The file chicago.txt contains daily average receipts per theater for the movie Chicago (January 3. 2003 to April IS. 2003). Analyze the data set using time series methods. This series may have a trend as well as seasonality (day of the week).
The natural rate of capacity utilization is defined as the rate at which Y is zero. What is this rate for the period under the study?
Prepare the company's trial balance as of June 30, 2014, listing accounts in proper sequence. For example, Accounts Receivable comes before Building. List the expense with the largest balance first, the expense with the next largest balance second..
If there are 12 numbered balls in a basket (0-11), and you get 6 chances to pick a ball what are the odds to get two of the same number, 3 of the same number, 4, 5 and 6.
low reliability of the variables reduces the correlation coefficient becausea. the deviation scores are less likely to
Setermine the probability that a specific driver had exactly two violations?
an elevator starts from the 1st floor with 8 passengers and may stop at the 2nd or 3rd floor or both. suppose that each
question aluminum and alzheimers disease.the relatives of a man recently diagnosed with alzhcimers disease are suing a
A survey showed that 24% of college students read newspapers on a regular basis and that 81% of college students regularly watch the news on TV. The survey also showed that 21% of college students both follow TV news regularly and read newspapers ..
If a random sample of 245 adults in this city is selected, approximate the probability that more than 15 in the sample are unemployed. Use the normal approximation to the binomial with a correction for continuity.
to test the efficacy of a health education program in reducing the risk of food-borne and water-borne diseases two
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