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- Lieutenant Commander Data is planning to make his monthly (every 30 days) trek to Gamma Hydra City to pick up a supply of isolinear chips. The trip will take Data about two days. Before he leaves, he calls in the order to the GHC Supply Store. He uses chips at an average rate of five per day (seven days per week) with a standard deviation of demand of one per day. He needs a 98 percent service probability. If he currently has 35 chips in inventory, how many should he order? What is the most he will ever have to order?The sanitary landfill charges companies $200 per load and individuals $50 per load. On average, 90 companies tip their trucks each day at the landfill with a standard deviation of 30. There is time only for 110 deliveries in any combination of companies and individuals throughout the course of an eight-hour day. Company dump trucks enter through Gate A and individuals enter through Gate B. Individual demand is plentiful – often there are individuals turned away due to lack of capacity. It costs the landfill $30 to process a company dump truck and $15 to process an individual load. What is the expected profit for one day if the landfill allocates the optimal quantity of capacity to company trucks and individuals fill up the remainder of the сараcity? -Lieutenant Commander Data is planning to make his monthly (every 30 days) trek to Gamma Hydra City to pick up a supply of isolinear chips. The trip will take Data for two days. Before he leaves, he calls in the order to the GHC Supply Store. He uses chips at an average rate of 5 per day (seven days per week) with a standard deviation of demand of 1 per day. He needs a 98 percent service probability. If he currently has 35 chips in inventory, how many should he order? What are the most he will ever have to order?
- Services differ from goods in that I. A service is a tangible process II. A service is an intangible process III. Services can be stored IV. Services cannot be stored V. Services are perishable and time-dependent Option IV and V Option II and IV Option II, IV, and V Option I and IIIThe Northridge Company tends to keep the inventory low. At the same time, it is important to respond to demand quickly, since a customer who wants a product K is very likely to get one from a competitor if Northridge Company doesn’t have one available immediately. Northridge Company’s current policy to produce the product K is to produce 100 per week, which is the average demand. Even this is a problem, as the production manager has pointed out, since the equipment is also used for other products and the lot size of 300 would be much more efficient. He said he is currently set up the production for product K for the next week and states that he has capacity available to produce 300 at a time next week. The following lists the forecasts and actual customer orders for the next 12 weeks. Week 1 2 3 4 5 6 7 8 9 10 11 12 Forecast 90 120 110 80 85 95 100 110 90 90 100 110 Customer Orders 105 97 93 72 98 72 53 21…In a large microelectronics plant, the assembly cell for circuitboards has a demand for 200 units an hour. Two feeder cellssupply parts A and B to the assembly cell (one A and one Bfor each board). Standard containers that look like dividedtrays are used. A container will hold 20 As or 10 Bs. It takes10 minutes to fill up a container with As and 20 minutes tofill up a container with Bs. Transit time to the assembly cell is5 minutes for both A and B. No safety factor is used. Set up akanban control system for the assembly process.
- Lieutenant Commander Data is planning to make his monthly (every 30 days) trek to Gamma Hydra City to pick up a supply of isolinear chips. The trip will take Data about five days. Before he leaves, he calls in the order to the GHC Supply Store. He uses chips at an average rate of two per day (seven days per week) with a standard deviation of demand of one per day. He needs a 95 percent service probability. a. If he currently has 20 chips in inventory, how many should he order? b. What is the most he will ever have to order?Father Dominic’s Pizza Parlor receives 30 calls perhour for delivery of pizza. It costs Father Dominic’s $10 tosend out a truck to deliver pizzas. It is estimated that eachminute a customer spends waiting for a pizza costs the pizzaparlor 20¢ in lost future business.a How often should Father Dominic’s send out a truck?b What would be the answer if a truck could onlycarry five pizzas?Indian Airways knows from past data that for a particular route, an average of 25 business customers (with a standard deviation of 15) cancel their bookings and do not show up for the flight. The revenue per ticket is INR 12,500. If the flight is overbooked, the airline has a policy of getting the customer the next available flight, as well as a free round trip ticket, the cost of which is USD 25,000. By how many seats should the airline overbook its flight (round up the value)? Provide the calculation. Answers should be in a Microsoft Word/Microsoft Excel file and include calculations wherever necessary to justify your answer.
- Determine optimal number of needles to order D = 1,000 units S= $10 per order H= $.50 per unit per year Q* = 200 unitsIt has been theoretically and empirically generalized that Recency is always the most important factor for classification of customers in RFM analysis. True FalseWe run a fresh produce stand at farmer’s market where we sell avocados and artichokes. Each morning, a supplier drops off bags of these products. We can buy up to 200 bags of avocados and up to 175 bags of artichokes each morning. We resell the bags to customers throughout the day. The contribution margin of avocados is $15/bag; the contribution margin of artichokes is $20/bag. We sell at least twice as many bags of avocados as we do artichokes. We have found that our normal daily demand is between 140 and 350 total bags what are the constaints