Minimize total week inventory cost

Assignment Help Basic Statistics
Reference no: EM13247855

Q1:

Import Motors imports the fully assembled cabs and chassis for a line of small trucks. They fabricate the beds for these trucks and mount the beds on the cab and chassis. The finished trucks are shipped to dealers. Their full cost of fabricating a bed is £220, and their cost of a cab and chassis is £2000. The final assembly of bed to cab and chassis cannot take place if they are short of either one. Cabs and chassis or beds that cannot be matched are stored in their back lot at an inventory cost of 1% (of unit cost) per week. They can produce 1000 beds per week and have the following cab and chassis arrivals scheduled over the next month:

Week Cab and Chassis
1 1500
2 0
3 1700
4 0

If they currently have nothing stored in the back lot, and if items produced and delivered in the same week incur no inventory cost, how many beds should they produce each week to minimize total four week inventory cost?

Q2:

Same as in part (a) Q3, except that the trucks were in two colours: red and blue. Naturally, the colour of the bed must be the same as the cab and the chassis. The new details about the next month's scheduled arrivals are as follows:
Week Cab & Chassis______
Red Blue_____
1 1000 500
2 0.0 0.0
3 100 1600
4 0 0

How many beds should they produce each week to minimize total four week inventory cost?

Q3:

Same as in part (b) Q3, except that all the blue trucks are in great demand. Therefore management wants all blue trucks to be shipped in the same week that the cab and chassis arrive in the port. How many beds should they produce each week to minimize total four week inventory cost?
(d)
Same as in part (b) Q3, except that their bed production plant is set up to produce beds in 100 bed lots. How many beds should they produce each week to minimize total four week inventory cost?

Reference no: EM13247855

Questions Cloud

Determine the transfer function for first order high filter : Determine the transfer function for a first order HIGH filter with a cutoff frequency of 1000 radians per second and passband gain of 1 using Chebyshev type with 1-dB ripples on the passband.
Determine the transfer function for a first order filter : Determine the transfer function for a first order low pass filter with a cutoff frequency of 1000 radians per second and passband gain of 1 using Chebyshev type with 1-dB ripples on the passband.
Determine the transfer function for a second order filter : Determine the transfer function for a second order band pass filter with following specifications. Chebyschev type with 1 db ripple in the pass band Lower cutoff frequency = 100 radians/sec
Calculate the ratio of speeds : A baggage cart full of luggage is coasting at a speed vA across the airport taxiway. When forty-one percent of the mass of the cart and luggage is thrown off the cart, Calculate the ratio vB/vA
Minimize total week inventory cost : Except that their bed production plant is set up to produce beds in 100 bed lots. How many beds should they produce each week to minimize total four week inventory cost?
Compute the volt f the optimum threshold : a digital signal represented by a binary voltage +5.55 and -4.5V , is transmitted over an AWGN channel with noise standard dev 1.12 V.Compute the volt. f the optimum thresholdwhen the priori probabilities of the binary source
Find the magnitude and direction of the induced current : A circular coil with a radius of 20 cm and containing 60 turns is placed in a uniform magnetic field which makes an angle of 30 degrees with respect to the plane of the coil, find the magnitude and direction of the induced current in the coil
Describe as best as possible an automatic garage door opener : discuss to describe as best as possible an automatic garage door opener system. You should either use one you are familiar with as an example, or recall the details from one or more that you imagine could be available
Construct a table the average number of patients : Construct a table the average number of patients - A variable that reflects the inter-arrival times of patients.

Reviews

Write a Review

 

Basic Statistics Questions & Answers

  How many returns to know the proportion of bond issue

How many returns must he get in order to know the proportion that will support the bond issue within a standard error of 5% and a confidence level of 95%?

  Anova and nonparametric tests

Based on your experience using ANOVA and Nonparametric tests, what additional information would you recommend to the key decision maker solve the challenges given in a company that provides software solutions to wide range of clients?

  Central limit theorem-population shape of concern

State the main points of the Central Limit Theorem for a mean. Why is population shape of concern when estimating a mean? What does sample size have to do with all?

  Statistical concepts clarification

What type of research design is the strongest when I what to adopt a new educational program? Using a pre-test and post-test with control group, the previous method but without the control group.

  Determining days when percent confidence is given

How many days should be considered if a 95 percent confidence is used and the estimate is to be within one hundred dollars?

  If population standard deviation is known to be ten days

What is the 99% confidence interval, if the population standard deviation is known to be 10 days? What is the 99% confidence interval, if the sample standard deviation is 10 days?

  Same number of products and same brands

In February 2002, the Argentine peso lost 70% of its value compared to the United States dollar. This devaluation drastically raised the price of imported products.

  Compute om for population with a mean

For a population with a mean of 60 and a standard deviation of 24, find the z-score corresponding to each of the following samples. What is Om for each equation?

  Recognize the statistical formulas

Be sure to specifically identify the statistical formulas and what additional data you would need to determine your estimate(s).

  Statistics-factor analysis

Describe a research problem that would benefit from Factor Analysis. What are the variables and what would you hope to achieve?

  Percentage of observations of normal distribution

What percentage of observations of a normal distribution are represented by the mean plus or minus 1.96 standard deviations?

  Normal distribution of baseball

In baseball, a "no-hitter" is a regulation 9-inning game in which the pitcher yields no hits to the opposing batters. Chance (Summer, 1994) reported on a study of no-hitters in Major League Baseball (MLB).

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd