Consider the quarterly demand levels for electricity (1000 megawatts) in Polokwane from 2015 to 201 Quarter 2015 2016 2017 2018 Jan - March 21 35 39 78 Apr-June 42 54 82 114 July - Sept 60 91 136 160 Oct- Dec 12 14 28 40 Using the third period moving average Determine the adjustment factor: O a) 1.000 O b)0.828 O c) 0.758 O d) 0.799
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- Bell Greenhouses has estimated its monthly demand for potting soil to be the following: N=400+4X where N=monthlydemandforbagsofpottingsoil X=timeperiodsinmonths(March2006=0) Assume this trend factor is expected to remain stable in the foreseeable future. The following table contains the monthly seasonal adjustment factors, which have been estimated using actual sales data from the past five years: Forecast Bell Greenhouses demand for potting soil in March, June, August, and December 2007. If the following table shows the forecasted and actual potting soil sales by Bell Greenhouses for April in five different years, determine the seasonal adjustment factor to be used in making an April 2008 forecast.The economic analysis division of Mapco Enterprises has estimated the demand function for its line of weed trimmers as QD=18,000+0.4N350PM+90Ps where N=numberofnewhomescompletedintheprimarymarketarea PM=priceoftheMapcotrimmerPS=priceofitscompetitorsSurefiretrimmer In 2010, 15,000 new homes are expected to be completed in the primary market area. Mapco plans to charge $50 for its trimmer. The Surefire trimmer is expected to sell for $55. What sales are forecasted for 2010 under these conditions? If its competitor cuts the price of the Surefire trimmer to $50, what effect will this have on Mapcos sales? What effect would a 30 percent reduction in the number of new homes completed have on Mapcos sales (ignore the impact of the price cut of the Surefire trimmer)?Tom Glass forecasts electrical demand for the FlatlandsPublic Power District (FPPD). The FPPD wants to take itsComstock power plant out of service for maintenance whendemand is expected to be low. After shutdown, performingmaintenance and getting the plant back on line takes two weeks. The utility has enough other generating capacity tosatisfy 1,550 megawatts (MW) of demand while Comstockis out of service. Table 8.5 shows weekly peak demands(in MW) for the past several autumns. When next in year 6should the Comstock plant be scheduled for maintenance?
- Metropolitan Hospital has estimated its average monthly bed needs asN = 1;000 + 9Xwhere X = time period (months); January 2002 = 0N = monthly bed needsAssume that no new hospital additions are expected in the area in the foreseeable future. The following monthly seasonal adjustment factors have been estimated, using data from the past five years:MONTH ADJUSTMENT FACTOR (%)January +5April −15July +4November −5December −25a. Forecast Metropolitan’s bed demand for January, April, July, November, and December 2007.b. If the following actual and forecast values for June bed demands have been recorded, what seasonal adjustment factor would you recommend be used in making future June forecasts?YEAR FORECAST ACTUAL2007 1,045 1,0962006 937…Bell Greenhouses has estimated its monthly demand for potting soil to be the following:N = 400 + 4Xwhere N = monthly demand for bags of potting soilX = time periods in months (March 2006 = 0)Assume this trend factor is expected to remain stable in the foreseeable future. The following table contains the monthly seasonal adjustment factors, which have been estimated using actual sales data from the past five years:MONTH ADJUSTMENT FACTOR (%)March +2June +15August +10December −12a. Forecast Bell Greenhouses’ demand for potting soil in March, June, August, and December 2007.b. If the following table shows the forecasted and actual potting soil sales by Bell Greenhouses for April in five different years, determine the seasonal adjustment factor to be used in making an April 2008 forecast.YEAR FORECAST ACTUAL 2007 500 515 2006 452…Problem 6Cannes Croissants (not a real company) wishes to determine the optimum production quantity for its topselling product, almond croissants. The annual demandfor almond croissants is 12,000 units. The setup costs fora production run of the croissants is US$15. The holdingcost per unit per year is US$0.50. Production is mostefficient when 80 croissants are produced per day. Thecompany operates 300 days during a year.a What is the economic production quantity (EPQ)?b How many production runs will there by per year?c What is the maximum inventory level?d What is the total annual cost (in US dollars)?e What is the length of a production run in days?
- Redleaf company's market research department works on the manufacture and marketing of a winter tire for vehicles. Currently the price is 10$, and the demand is 13000 units. When the price is increased to 15$, the company expects the demand to be 8500 units (assume that price is linearly related to demand.). Company is following a make-to-order policy for their production, meaning that they make production as much as ordered from their dealers. The dealers make orders 3 times a year, on January, May and September. The company has 23 dealers, who do not have any capacity restriction on their orders. Yet, the above information is a country-wise research, and shows the aggregate demand (sum of all dealers' orders) for each price. Regardless of the production amount, the company faces with a 2170$ of administrative cost for production, in addition to 1,3 $ cost of raw materials and labour costs per each units produced. If we define price as a function of demand (P(d)) using the…E4 ACME Corporation produces a variety of products for its diverse customer base, including the jet-powered pogo stick and jet-propelled tennis shoes, both of which are essential for catching roadrunners. Currently, they produce 40,000 engines per year that are used in the production of these two products. As the production manager for thisproduct line, you have determined that last year’s costs to produce the engines included: $99,600 in direct material expenses, $298,800 in direct labor expenses, $224,100 in variable overhead costs (i.e. power to operate the equipment), and $116,200 in fixed overhead costs (i.e. utilities to keep the factory operational). ACME plans to produce these engines only for the next 6 years. If they produce the engines in-house, they anticipate that direct material costs will increase at a rate of 5% each year. Further, they anticipate that labor costs will increase at a rate of 6% per year and variable overhead costs will increase at a rate of 3% per year.…PUP 48,213 UST 40,000 FEU 27,889 LRT2 200,000 passengers daily If 60% of PUP, 30% of UST, and 85% of FEU students take LRT2 daily and pays an average fare of Php25 per day… What is the total annual market size (revenue) of LRT2? What is the total annual market size (revenue) of the 3 schools? If operations is halted for 1 week, what is the projected loss in revenues? What is the market share (volume) of: PUP students? UST students? Feu students?
- Zodiac Furniture is considering the production of anew line of metal offi ce chairs. Th e chairs can be producedin-house using either process A or process B. Th e chairs canalso be purchased from an outside supplier. Specify the levelsof demand for each processing alternative given the costs in thetable. Fixed Cost Variable Cost Process A $20,000 $30Process B $30,000 $50Outside Supplier $0 $50A major South African city generates electricity and sells it to its consumers. The city faces competition from independentrenewable power producers who also have licences to sell electricity to the public. The city however has cost advantagesdue to its size, but it is concerned of the political and economic ramifications of raising its tariffs, in these uncertaineconomic times. As a result, it is highly likely that tariffs will remain unchanged over the next financial year. The city’smarginal revenue is given as R3 000, and its costs are given as follows:TC = R82 000 + R1 000 + 0.01q2 MCMC= R1 000 + R0.02q4.1 Assess the efficiency arguments in favour of and against the renewable energy generation in SouthAfricaTom Glass forecasts electrical demand for the Flatlands Public Power District (FPPD). The FPPD wants to take its Comstock power plant out of service for maintenance when demand is expected to be low. After shutdown, performing maintenance and getting the plant back on line takes two weeks. The utility has enough other generating capacity to satisfy 1,550 megawatts (MW) of demand while Comstock is out of service. Table shows weekly peak demands (in MW) for the past several autumns. When next in year 6 should the Comstock plant be scheduled for maintenance?