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The manager of a car wash received a revised price list from the vendor who supplies soap, and a promise of a shorter lead time for deliveries. Formerly the lead time was four days, but now the vendor promises a reduction of 25 percent in that time. Annual usage of soap is 4500 gallons. The car wash is open 360 days a year. Assume that daily usage is normal, and that it has a standard deviation of 2 gallons per day. The ordering cost is $30 and annual carrying cost is $3 a gallon. The revised price list(cost per gallon) is shown in the following table:
Quantity unit price
1-399 $2
400-799 $1.70
800+ $1.62
a. What order quantity is optimal?
Illustrate what is the logic in the least squares method of linear regression analysis. Overall the logic of least squares method is used to forecast the next quarterly sales of the organization.
Discuss the legal and ethical issues surrounding Solyndra, the California based solar panel manufacturer. Incorporate two to three specific laws or ethical codes that apply to the situation.
Write down one additional audit question for each category listed in the sample audit in appendix B (which is attached) explain why each question you wrote is important to assessing an organization's ethical performance.
Illustrate what is nominal percent return. Explain how would inflation alter those returns also illustrate what would real rate of return be.
Illustrate what is service factor for this system. Illustrate what is average number of these machines in service. Illustrate what impact on machines in service would there be if a second technician were available.
Suppose your order up to level is 220. You are about to place an order and note that your inventory level is 100 and you have 85 desks on order. How many desks will you order?
You work in a new organization. You have been charged with recruiting a manager for a new department within the Services division.
ABC Aircraft uses 3,000 drill bits annually. Each drill bit costs $50 and each order ABC places costs $25. The annual carrying rate is 40% of unit cost.
have a goal to meet/exceed monthly membership targets, and maintain/improve the corporate image of your gym
The local hospital's emergency department has 5 trauma bays. On average, patients requiring a trauma bay arrive every 50 minutes (with a coefficient of variation of 1, no seasonality exists).
Use american football as a metaphor to explain the way U.S. corporation run and how they tend to behave in terms of strategies and goals.
A decision maker is interested in estimating a population proportion. A sample of size n = 150 yields 115 successes. Based on these sample data, construct a 90% confidence interval estimate for the true population proportion.
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