The army is attempting to determine the optimal replacement age for a piece of field equipment. The equipment costs $280,000 to replace. The manufacturer will supply a rebate toward the next purchase that declines at a rate of 20 percent per year. Maintenance costs for the first year are estimated to be $1,000, and they increase roughly at the rate of 18 percent per year. Estimate the number of years that the army should hold the equipment before making a replacement.(Production and Operation Analysis by Steven Nahmias, 7th edition, pg.774 Problem # 24)
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The army is attempting to determine the optimal replacement age for a piece of field equipment. The equipment costs $280,000 to replace. The manufacturer will supply a rebate toward the next purchase that declines at a rate of 20 percent per year. Maintenance costs for the first year are estimated to be $1,000, and they increase roughly at the rate of 18 percent per year. Estimate the number of years that the army should hold the equipment before making a replacement.(Production and Operation Analysis by Steven Nahmias, 7th edition, pg.774 Problem # 24)
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- You run a food bar in UCLA Ackerman, and you sell chocolate croissants for breakfast. Your daily demand for chocolate croissants is on average 50, with a standard deviation of 8. The unit cost of a croissant is $0.70, and you sell at a unit price of $3.00. The refrigerated chocolate croissant must be consumed within 7days (one week) after purchased from your supplier, so you dispose leftover inventory and purchase fresh croissants once every week. Assume the demand in each of the seven days is independently distributed. (The z-table for normal distribution is attached.) (a) What is the optimal weekly purchase quantity for the chocolate croissant? What is average inventory? A student leader, Mark, came to you one day and told you that Anderson School would hold a special event next Thursday morning, and there would be additional demand for the chocolate croissant on that day. Mark wants to reserve a certain amount of croissant from you and sell in the special event at the regular price.…An airline company offers four fairs as shown in the table below. The demand distribution for each fare is normal with mean and standard deviation as given in the table. Find an estimate of the protection levels for the classes using the heuristic EMSR-a. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.A piece of industrial machinery costs $48,000 to replace and has essentially no salvagevalue. Over the first five years of operation, maintenance costs amounted to $8,000. Ifthe maintenance cost rate is a linear function of time, what is the optimal age at whichto replace the machinery?
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