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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.
Any unsold CDs are discounted to $1, and all sell at this price. Top Gun will share 35 percent of the revenue with the studio, keeping 65 percent for itself. What is the profit that studio expects t
Their current forecast is that sales will be normally distributed, with a mean of 10,000 and a standard deviation of 5,000. What is the expected profit for the studio?
The company has an option to open another cashier station at the exit on the other side of the store. Which system has better utilization of the employee/employees.
Compute a three-period moving average and a four-period moving average for weeks 5, 6, and 7. Compute MAD for each forecast.
Each table yields a profit of $8, and each chair can be sold for a profit of $4. Show the feasible region graphically (Draw a graph by using MS WORD).
Determine the best forecasting model among the above three methods, and develop a forecast for March 2013. Use the first four months as the warm-up sample period and the remaining months.
Is this process balanced, Yes or No, and what the reason for your yes or no answer? What is the throughput rate of this process?
There must be 15 minutes of idle time available to relieve the tension. Will this airport have to hire an extra air traffic controller?
Identify the critical path and provide the project completion time. Provide the slack times for all activities and all paths. For a path slack time, compute this compared to the critical path and so
Given the above information and basing your decision on the economics, what order quantity do you recommend that Mac order from the scanner manufacturer? Why?
Draw the project network. Calculate the ES, EF, LS, and LF time estimates for each activity and identify the critical path and its duration. Which activities you would consider for crashing?
Jerald a local plant nursery uses 100 clay pots and 900 plastic pots a month. Calculate EOQ for clay and plastic pots separately.
Maria's Bakery has just estimated the forecast for annual flour consumption as 500,000 pounds. Determine the economic order quantity.
The company has orders for the next five days of 32,44,36,54, and 41. How many M1 units should be on hand right now so that all orders can be filled?
Draw a scatter diagram for the following data where it is suggested that df (defective fraction)is a function of temperature T. Note the following definition of T.
Using the QMpom module called Forecasting Models (Linear Regression), analyze the effect of the day on the sample means for the weight of the contents of the salsa jars.
There are 250 working days per year, and the lead-time is 6 days.o minimize total cost, how many units should be ordered each time an order is placed?
compute Mean Absolute Deviation for each set of forecast. Given your result, which forecast appears to be more accurate? Explain.
This line consists of single-machine stations and is almost balanced (i.e., station rates are nearly equal). What is the estimated average WIP level?
How much should be ordered (rounded to the nearest integer) each time to minimize the restaurant's total annual costs? And what is the length of order cycles.
ach type 1 truck contributes $300 to profit; each type 2 truck contributes $500. Use Solver to determine how to maximize Truckco's profit.
Computer upgrades have a nominal time of 80 minutes. Determine the upper and lower control limits for mean and range charts, and decide if the process is in control.
Doughnuts are sold for $4.80 per dozen, and leftover doughnuts at the end of each day are sold the next day at half price. What is the resulting service level?