Due to COVID 19, the Purchase department of the company decided change the supplier of the material if the IQR of prices is more than RO. 20, and if IQR prices is less than RO. 20, the company will continue the same way of purchase of material. If the IQR goes beyond 50, company decided to produce the component itself rather than buying it from outside. You are required to suggest suitable measures to management.

Due to COVID 19, the Purchase department of the company decided change the supplier of the material if the IQR of prices is more than RO. 20, and if IQR prices is less than RO. 20, the company will continue the same way of purchase of material. If the IQR goes beyond 50, company decided to produce the component itself rather than buying it from outside. You are required to suggest suitable measures to management.

Linear Algebra: A Modern Introduction

4th Edition

ISBN:9781285463247

Author:David Poole

Publisher:David Poole

Chapter2: Systems Of Linear Equations

Section2.4: Applications

Problem 28EQ

See similar textbooks

Similar questions

1. Suppose that, in Example 2.27, 400 units of food A, 600 units of B, and 600 units of C are placed in the test tube each day and the data on daily food consumption by the bacteria (in units per day) are as shown in Table 2.6. How many bacteria of each strain can coexist in the test tube and consume all of the food? Table 2.6 Bacteria Strain I Bacteria Strain II Bacteria Strain III Food A 1 2 0 Food B 2 1 1 Food C 1 1 2
A report in LTO stated that the average age of taxis in the Philippines is 9 years. An operations manager of a large taxi company selects of 40 taxis and finds the average age of the taxis is 8.2 years. The of the population is 2.3 years. At can it be concluded that the average age of the taxis in his company is less than the national average?
SO what would be the L, Lq, and Wq of this problem? Assuming we are trying to develop and sovle a waiting line system that can accomodate this increased leel of passenger traffic.
Assuming an M/M/1 system setup with a service rate of 25 entities per hour and an idling ratioof 4% Define the system’s birth rate. Define at least two ways of arriving at the number of entities in the system. Define the ratio of the time an entity spends waiting and the time the entity spends in thesystem?
Suppose a certain manufacturing company produces connecting rods for 4- and 6-cylinder automobile engines using the same production line. The cost required to set up the production line to produce the 4-cylinder connecting rods is $2,200, and the cost required to set up the production line for the 6-cylinder connecting rods is $3,300. Manufacturing costs are $12 for each 4-cylinder connecting rod and $16 for each 6-cylinder connecting rod. Hawkins makes a decision at the end of each week as to which product will be manufactured the following week. If a production changeover is necessary from one week to the next, the weekend is used to reconfigure the production line. Once the line has been set up, the weekly production capacities are 6,000 6-cylinder connecting rods and 8,000 4-cylinder connecting rods. Let x4 = the number of 4-cylinder connecting rods produced next week x6 = the number of 6-cylinder connecting rods produced next week s4 = 1 if the production line is set up to…
Once QBA 362 final exam is done, it will be time to reward Professor Hong with a well-deserved vacation. As a state employee, professor Hong hasn’t seen a raise since... well, ever.Thus, an important criterion, in fact the most important criterion is to find an exoticregion that can be visited inexpensively. There are three states of nature that could impact costs in these five areas of interest. Professor Hong has determined the average cost per day to visit each region under each of the possible states of nature. This table, which should not be construed as actual vacation advice, appears below. (Remember they are costs. Lower is better. For example, the most optimistic case is the one with lowest cost.) Region Strong Dollar Middling Dollar Weak Dollar Eastern Europe 33 54 57 Southeast Asia 41 56 36 Australia 45 44 58 Galapagos Islands 37 35 26…
A marketing research group conducting a telephone survey must contact at least 150 wives and 120 husbands. It costs P100 to make a daytime call and (because of higher labor costs) P150 to make an evening call. On average, daytime calls reach wives 30% of the time, husbands 10% of the time, and neither of these 60% of the time, whereas evening calls reach wives 30% of the time, husbands 30% of the time, and neither of these 40% of the time. Staffing considerations mean that daytime calls must be less than or equal to half of the total calls made. How many should be interviewed at each period to minimize the cost of completing the survey? fomulate the LP Model; identify the decision variables used in the model; and determine the optimal solution using graphical method.
16. In the design of an electromechanical product, 12 components are to be stacked into acylindrical casing in a manner that minimizes the impact of shocks. One end of the casingis designated as the bottom and the other end is the top. a. If all components are different, how many different designs are possible?b. If seven components are identical to one another, but the others are different, how manydifferent designs are possible?c. If three components are of one type and identical to one another and four components areof another type and identical to one another, but the others are different, how manydifferent designs are possible?
Suppose a company charges a premium of $150 per year for an insurance policy for storm damage to roofs. Actuarial studies show that in case of a storm, the insurance company will pay out an average of $8000 for damage to a composition shingle roof and an average of $12,000 for damage to a shake roof. They also determine that out of every 10,000 policies, there are 7 claims per year made on composition shingle roofs and 11 claims per year made on shake roofs. What is the company’s expected value (i.e., expected profit) per year of a storm insurance policy? What annual profit can the company expect if it issues 1000 such policies? Determine the probability of a composition shingle roof claim out of 10,000 = ______ Determine the probability of a shake roof claim out of 10,000 = ______ How many claims are made out of 10,000? = _______ What is the probability of no claims out of 10,000? = _______ How much does each shingle roof claim cost the company, don’t forget each person pays $150…
22. Is there multicollinearity in the model? Yes, No or Cannot be determined?
An automobile manufacturer obtains the microprocessors used to regulate fuel consumption in its automobiles from three microelectronic firms: A, B, and C. The quality-control department of the company has determined that 3% of the microprocessors produced by firm A are defective, 4% of those produced by firm B are defective, and 1.5% of those produced by firm C are defective. Firms A, B, and C supply 35%, 20%, and 45%, respectively, of the microprocessors used by the company. What is the probability that a randomly selected automobile manufactured by the company will have a defective microprocessor?
Two different types of polishing solutions are being evaluated for possible use in a tumble-polish operation for manufacturing interocular lenses used in the human eye following cataract surgery. Three hundred lenses were tumble polished using the first polishing solution, and ofthis number, 253 had no polishing-induced defects. Another 300 lenses were tumble-polishedusing the second polishing solution, and 196 lenses were satisfactory upon completion.(a) Is there any reason to believe that the two polishing solutions differ? Use α = 0.01