QUESTION 15A manager wishes to simulate 10 days of operation of an inventory system. The beginning inventory at the start of thefirst day is 69 units. Demand is known to be uniformly distributed in the range 4 to 8 units per day, inclusive. Therandom numbers used for the 10-day simulation are 0.25, 0.61, 0.09, 0.62, 0.72, 0.59, 0.33, 0.51, 0.17, 0.29. Assuming nonew units are delivered during the 10-day simulation.The inventory at the end of the 5th day is:(Round your answer to 2 decimal places)3p

Answered: Image /qna-images/answer/67aa796f-1319-4723-b8d0-7f25204ad628.jpg

Answered: QUESTION 15 A manager wishes to…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

Consider a service facility with four clerks. Clerk one works at rate 14/hour; Clerk two at rate 18/hour; Clerk three at rate 20/hour; and Clerk four at rate 16/hour. All service times are independent and exponential. If when you arrive there is already one person waiting, what is your expected waiting time?
The Vintage Restaurant, on Captive Island near Fort Meyers, Florida, is owned and operated by Karen Payne. The restaurant just completed its second year of operation. Below are the sales for those two years (in ten thousands of dollars). Month First Year Second Year January 57 61 February 51 75 March 58 54 April 57 56 May 68 62 June 72 71 July 60 59 August 51 75 September 68 68 October 51 50 November 71 64 December 75 58 b) Develop a six month moving average. Compute MSE and forecast the amount of sales for the next month. c) Use α = 0.2 to compute the exponential smoothing values. Compute MSE and forecast for the next month. d) Compare the result for the six month average and exponential smoothing. Which appears to provide a better forecast based on MSE? Explain.
Question 4 Multi-Server QueueA supermarket manager is trying to decide how many cashers to employ for the peak time. The service times for check outs are exponentially distributed with a mean service time of 3 minutes. Customer arrivals to cashiers follow a Poisson arrival process with an average 110 customers per hour.a. What is the minimum number of cashers that would be needed to have the utilization less than one?b. If the waiting time is too long, customers might leave the store or even do not enter the store. It is estimated that for every minute of waiting time, the supermarket loses a potential profit of 50 HKD every hour from lost sales. The hourly wage for a casher is 80 HKD / hour. How many cashers should the supermarket employ to maximize its profit? (Keep four decimal places.
ch 11. 4 Oxnard Petro, Ltd., has three interdisciplinary project development teams that function on an ongoing basis. Team members rotate from time to time. Every 4 months (three times a year) each department head rates the performance of each project team (using a 0 to 100 scale, where 100 is the best rating). Are the main effects significant? Is there an interaction?
Ajax has established a new sandwich shop format for airports and train stations.Here, the sandwitches are only made from a specially made,long,individual loaf of bread.But the innovations is that the sandwiches are not made ahead in large batches.Intead,a few of each variety of sandwich are made at a time,in the shop,with the result being a better ability to exactly match supply to demand. If prior to this change the shop has roughly 5 percent leftovers of one-half of the sandwich varieties each day,but could have sold 10 percent more of the two best sellers that day,what are the potential benefits of the new format if the store sells 12 different sandwiches each with an average demand of 20 per day?
Question 17 Suppose Carole has a total wealth of $100,000 and a utility described by U = E -A She has a risk aversion coefficient of A-1. She can borrow and lend/invest at the risk-free rate of 2.8%. Suppose the optimal risky portfolio has an expected return of 12% and a standard deviation of 27.5%, What is her optimal amount to borrow or lend/invest at the risk free rate? Indicate investing/lending as a positive number and borrowing as a negative number. Round to the nearest cent ($0.01). Your answer should not include the $ sign. If your answer is $25.34, it should be written as 25.34. Question 18 Ayear ago, an investor bought 200 shares of a "no-load" mutual fund at $10.01 per share. No-load funds do not change "entry fees or "exit" fees when buying or redeeming shares. Sometime during the year, the fund paid dividends of $0.71 per share and the fund paid capital gains of $0.14 per share - and these payments were reinvested in the fund at an average price of $10.73 per share…
George Kyparisis owns a company that manufactures sailboats. Actual demand for George's sailboats during each of the past four seasons was as follows: Season 1 2 3 4Winter 1,400 1,240 1,080 920Spring 1,520 1,420 1,640 1,540Summer 1,000 2,140 2,040 1,960Fall 600 750 650 520 George has forecasted that annual demand for his sailboats in year 5 will equal 6,500 sailboats. Based on the given data and using the multiplicative seasonal model, the demand level for George's sailboats in the spring of year 5 will be nothing sailboats (enter a whole number).
Question 2A. The Managing Director of Shoprite Company is faced with the problem of assigning fivesenior managers to six regions. From past experience, he knows that the efficiency of thesales and operating cost, depends on manager-region combination. The sales (in GH¢) recorded under the different managers are given below:Manager Region1 2 3 4 5 6A 73 91 87 82 78 80B 81 85 69 76 74 85C 75 72 83 84 78 91D 93 96 86 91 83 82E 93 91 79 89 69 76a) Formulate a linear programming model for solving the problem. CR(8)The model above was solved using Solver software and part of the output is shown below. Useit to answer the questions that follow.Cell NameOriginalValueFinalValue$C$4 A region1 0 0$D$4 A region 2 0 0$E$4 A region 3 1 1$F$4 A region 4 0 0$G$4 A region 5 0 0$H$4 A region 6 0 0$C$5 B region 1 0 08$D$5 B region 2 1 1$E$5 B region 3 0 0$F$5 B region 4 0 0$G$5 B region 5 0 0$H$5 B region 6 0 0$C$6 C region 1 0 0$D$6 C region 2 0 0$E$6 C region 3 0 0$F$6 C region 4 0 0$G$6 C region 5 0…
Suppose these data show the number of gallons of gasoline sold by a gasoline distributor in Bennington, Vermont, over the past 12 weeks. Week Sales (1,000s of gallons) 1 18 2 22 3 20 4 24 5 19 6 16 7 21 8 19 9 22 10 20 11 15 12 23 (a) Compute four-week and five-week moving averages for the time series. Week Time Series Value 4-Week Moving Average Forecast 5-Week Moving Average Forecast 1 18 2 22 3 20 4 24 5 19 6 16 7 21 8 19 9 22 10 20 11 15 12 23 (b) Compute the MSE for the four-week moving average forecasts. (Round your answer to two decimal places.) Compute the MSE for the five-week moving average forecasts. (Round your answer to two decimal places.) (c) What appears to be the best number of weeks of past data (three, four, or

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

Elementary Statistics: Picturing the World (7th E…

Statistics

ISBN:

9780134683416

Author:

Ron Larson, Betsy Farber

Publisher:

PEARSON

The Basic Practice of Statistics

Statistics

ISBN:

9781319042578

Author:

David S. Moore, William I. Notz, Michael A. Fligner

Publisher:

W. H. Freeman

Introduction to the Practice of Statistics

Statistics

ISBN:

9781319013387

Author:

David S. Moore, George P. McCabe, Bruce A. Craig

Publisher:

W. H. Freeman

SEE MORE TEXTBOOKS