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TRUE OR FALSE
1. To manage demand effectively, firms need to understand demand patterns and drivers by market segment. This would enable them to use marketing strategies and reshape those patterns.
2. Not all queuing systems are organized on a 'first-come, first-served basis.
3. Adjusting capacity means that some capacity is elastic and more people can be served with the same capacity through extending operating hours or speeding up customer processing times.
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- 11 The director of an emergency room, Simran Kaur, hasobserved that patient traffic at the emergency roomfollows a seasonal pattern, with higher patient trafficon weekends that on weekdays. She has gathered thefollowing data on daily patient admissions during the past4 weeks.Day Week 1 2 3 4Monday 110 105 109 112Tuesday 95 100 92 88Wednesday 89 85 80 84Thursday 93 96 78…Q. Define the following with example: Transportation Model Assignment Model Replacement Model Inventory Controljust B,C,D don't need to answer the dropdown question.
- A warehouse can store up to 100 units of a particular item. In each of the next N days weneed to determine the number of units to sell and then the number of units to buy. Sellingin each day precedes buying so that the maximum amount that can be sold is the initialinventory at the beginning of the day. The maximum amount that can be bought is limitedby the capacity minus the amount in inventory after selling takes place. Inventory can beheld overnight in the warehouse, provided the total number of units held does not exceed thewarehouse capacity. At the beginning of day 1, before selling takes place, there are 40 unitsof inventory in the warehouse. Suppose that pnand cnare the per unit selling and buyingprices, respectively, for each day n = 1, . . . , N . Formulate an LP in general form to determinethe amount to be sold and bought each day to maximize total profit. Make sure you havedefined your variables clearly. PLEASE provide steps on how you solved so I understand why the answer…1. Customers at Joe’s Office Supply Store demand an average of 8,000 desks per year. Each time an orderis placed, an ordering cost of $500 is incurred. The annual holding cost for a single desk is 20% of the $300cost of a desk. One week elapses between the placement of an order and the arrival of the order.a. Each time an order is placed, how many desks should be ordered?b. How many orders should be placed each year?c. Determine the total annual costs of meeting the customer’s demands for desks.d. What will be the inventory investment?Knott’s Industries manufactures standard and superpremium backyard swing sets. Currently it has four identi-cal swing-set-making machines, which are operated 250days per year and 8 hours each day. A capacity cushionof 20 percent is desired. The following information is alsoknown:Standard ModelSuper PremiumModelAnnual Demand 20,000 10,000Standard Processing Time 7 min 20 minAverage Lot Size 50 30Standard Setup Time per Lot 30 min 45 mina. Does Knott’s have sufficient capacity to meet annualdemand?b. If Knott’s was able to reduce the setup time for the SuperPremium Model from 45 minutes to 30 minutes, wouldthere be enough current capacity to produce 20,000 unitsof each type of swing set?