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Q. A produce distributor uses 770 packing crates a month which it purchases at a cost of $10 each. Manager has assigned an annual carrying cost of 35 percent of purchase price per crate. Ordering costs are $28. Currently manager orders once a month. Explain how much could industry save annually in ordering and carrying costs by using EOQ?
Find a business or organization, preferably one where you are working used to work, or know an employee or owner. (You can use anything such as retail or finance departments)
Vending machine dispenses hot chocolate or coffee. Service time is 30 seconds per cup and is constant. Customers arrive at a mean rate of 80 per hour and this rate is Poisson-distributed. Decide the average number in the system.
A farmer in Lowa owns 45 acres of land. He is going to plant each acre with wheat or corn. It clearly indicates how the derived value has been reached.
A Corporation which produces pleasure boats has decided to expand one of its lines. Discuss what other factors might be considered in choosing between expansions
Explain how many technicians should you keep on stand to have the lowest average cost per day. Try the values 2, 3, 4 and 5, each with a sample size of 1,000.
Customers arrive at Paul Harrold's Styling Shop at a rate of 3 per hour, distributed in a Poisson fashion. Paul can perform haircuts at a rate of 5 per hour, distributed exponentially. Find the average number of customers waiting for haircuts.
Define the business research and its purpose. Discuss the business problems under investigation. Explain the data collection methods used in the research project.
This often involves creating a statement of work. You need to hire some financial auditors to help with the annual audit. Create a statement of work for these auditors which meets the subsequent criteria. Discuss why you chose to include which cont..
At Rachel's hotel the CPOR is $40.00. Her Net ADR Yield averages 85% also her franchise fees average 5%. Elucidate what is Rachel's average minimum ADR sales point.
Time to service for a customer is exp1ntially distributed with a mean of 15 minutes. Illustrate what is total time in system for this service. Determine average number of people waiting for service.
Illustrate what are some of the concerns of the marketer when it comes to creating an IMC approach via the promotional mix components of advertising, public relations, sales promotion, direct marketing and personal selling.
They utilized 10 gallons of solvent and 2 employees worked 20 days per month, 8 hours per day. Illustrate what is their productivity with the standard equipment.
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