A.1.a. Average materials cost per unit Probability distribution of material cost per unit Material Cost Probability Cumulative Probability Material cost per probability 33 0.04 0.00-0.04 1.32 35 0.05 0.04-0.09 1.75 38 0.12 0.09-0.21 4.56 39 0.79 0.21-1.00 30.81 Total 1.00 38.44 Average material cost per unit = (33*0.04) + (35*0.05) + (38*0.12) + (39*0.79) = $38.44 Simulation results A.1.b. Average labor cost per unit
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(Consolidate existing product‚ reap without investing) E(X) = 0.6(10‚000) + 0.4(1‚000) = 6‚400 EV B.) The decision alternative that has the most favorable total expected value is to develop new product thoroughly with a total expected value of 210‚200. 1.) The Company has determined that it has two alternatives for improving profits: develop new products either rapidly or thoroughly‚ or consolidate existing products by strengthening products or reaping without investing. On the first branch of the decision
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QAT1 Task 3 309.3.1-06‚ 07 A – A1. Economic Order Quantity Model (EOQ) The Economic Order Quantity Model will allow an organization to determine the optimal volume of inventory to order at a given time. The EOQ model provides the most optimized approach to inventory ordering as it considers‚ demand‚ ordering cost‚ and holding costs; to develop the volume of inventory to be ordered to maintain to minimum annual cost (Render‚ 2012). Equation: Variables: Q* = optimal number to order D =
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Task 3 Name: Section: Author’s Purpose Activity Directions: Read the descriptions of each item and determine the author’s purpose in writing it (to entertain‚ persuade‚ or inform). Then‚ in a sentence or two‚ explain your answer. 1. A story about a family trying to stick together and survive through the Great Depression in the Midwest in the 1930s Author’s Purpose: to entertain Explain Your Answer: Write a sentence or two. Because it is a story and wants to entertain. 2. A section
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KA YEUNG LAU GROUP 1 Introduction Marks and Spencer（also know as M&S）is the UK’s largest transnational retail group. It is also one of the British representative enterprise‚ it has highest profitability in UK. Marks and Spencer also ranks first in the number of export goods retailers in UK. Their products include: food‚ clothes‚ furniture‚ electrical and appliances. Marks and Spencer opened 600 stores in the British‚ and across the UK each city and area‚ the 40 countries in the world were opened
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Assessment task 1 – Project Plan “Houzit” Marketing management plan Marketing objectives The market for home-wares in Brisbane is estimated last year at $175 million per annum with an anticipated growth rate of the percent in the coming year. Here I outline the following marketing objectives: 12% market share (up from 11%) Increase in sales by 8.5% over last year’s result No expansion stores are planned during this phase of consolidation and on average the stores achieved $24‚680 per week for the
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Gemma Mildenhall Student Number: 20977113 NCFE Number: 102475887 Task 1 1:1 * Explain why effective communication is important in developing positive relationships with children‚ young people and adults. Effective communication is essential for developing effective working relationships with colleagues‚ parents and pupils. The first step towards effective communication with adults and children is being able to listen attentively to what they have to say. Nearly all breakdowns in communication
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Assignment 1 – Construction in Civil Engineering Alex Dale Task 1 + 3 – Describe and compare fundamental techniques‚ processes‚ plant and materials used in groundworks‚ foundations and substructures. Millau Viaduct Millau Viaduct is the tallest bridge in the world‚ located in Southern France. The bridge reaches the height of 343 meters and weighs in a 36‚000 tonnes. The bridge was designed by the French structural engineer Michel Virlogeux and British architect Norman Foster. The bridge opened
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JHT2 Task 3 The Healthcare Industry A1. Economic Features One dominant economic feature of the healthcare industry is the growing need for both basic and specialized healthcare due to the continued aging of the “Baby Boomer” generation. This generation consists of over 79‚000‚000 individuals born in the US between 1946 and 1964. As this generation has aged‚ the need for healthcare has increased dramatically. Let us take a look at some statistics: As of 2012‚ there were 65.2 million Baby Boomers
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EGT1 TASK 1 309.1.1-05‚ 06 A. Marginal revenue indicates how much extra revenue a company receives for selling an extra unit of output. 1. Marginal Revenue is the change in total revenue resulting from a change in the quantity of output sold. Expressed as: Marginal Revenue = change in total revenue/change quantity. B. Marginal cost is the overall change in a firms total cost of production resulting from a change in production by one unit. 1. Marginal cost and total cost are
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