× 3120 Q∗ = = = 3869.88 ≈ 3870 h 0.005 The time between orders is given by 3870 Q∗ = = 1.24 yr = 14.88 mo T∗ = D 3120 (b) D 3120 units/yr = $12 = $9.67/yr Q 3870 units Q 3870 units Holding cost is h = × $0.005/yr = $9.675/yr. 2 2 The costs are essentially the same. This is always true in the case of the EOQ model. Set up cost is A (c) The problem could be where to store all the items. If we were to order 1.24 years worth of styrofoam ice chests at a time it could take
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E9-1 | | | | (Lower of Cost or Market) The inventory of Oheto Company on December 31‚ 2011‚ consists of the following items. | Part No. | Quantity | Cost per Unit | Cost to Replace per Unit | | 110 | | 600 | | $95 | | $100 | | | 111 | | 1‚000 | | 60 | | 52 | | | 112 | | 500 | | 80 | | 76 | | | 113 | | 200 | | 170 | | 180 | | | 120 | | 400 | | 205 | | 208 | | | a121 | | 1‚600 | | 16 | | 14 | | | 122 | | 300
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Annual rate 22.0% 2. Ordering Cost 2 hours at $28.00 $56.00 Other expenses (2‚375/125) 19.00 Cost per order $75.00 3. Set-up Cost 8 Hours at $50.00 $400 per set-up 4. & 5. a. Order from Supplier - EOQ model Ch = IC = 0.22 ($18.00) = $3.96 [pic]units Number of orders = D/Q = 9.19/year Cycle time = 250(Q) / D = 250(348.16) / 3200 = 27.2 days Reorder Point: P(Stockout) = 1 / 9.19 = 0.1088 r
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Project report MOM460 Operation and maintenance management Operation and maintenance challenges facing the development of Skrugard and Havis facilities Student Fredrik Haugland Danielsen Veronica Hamarhaug Annikken Larsen Linn Underbakke Student number 204286 206810 207493 207349 Email f.hauglanddanielsen@stud.uis.no v.hamarhaug@stud
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Kyoo il Kim Department of Economics University of Minnesota Introduction to Econometrics‚ Econ4261 Spring 2013 P ROBLEM S ET 1 (D UE F EBRUARY 7‚ T HURSDAY IN CLASS ) Answer the Followings 1. Calculate: a) E[X]‚ E[Y ] b) V ar[X]‚ V ar[Y ] c) Cov[X‚ Y ] d) ρ(X‚ Y ) from the distribution below Y =1 X = 5000 X = 10‚ 000 X = 15‚ 000 0 1/8 1/3 Y =0 1/4 1/8 1/6 (1) 2. Suppose E[X] = 1 and E[Y ] = 2 and suppose X and Y are independent. Evaluate: a) E[2X + 1] b) E[X + Y ] c) E[X − 2Y ] d) E[XY
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ASSIGNMENT ECON304 ANSWER THE FOLLOWING QUESTIONS. SHOW YOUR SOLUTIONS AND ENCIRCLE YOUR FINAL ANSWERS. SUBMIT THIS ON WEDNESDAY. 1. Suppose that the likelihood that someone who logs into a particular site in a shopping mall on the web will purchase an item is .20. If the site has 10 people accessing it in the next minute‚ what is the probability that a) Exactly 2 individuals will purchase an item? b) At least 2 individuals will purchase an item? c) At most 2 individuals
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Figuring “fixed costs‚ variable costs‚ and” (Oppapers.com‚ 2012) BEP Week 4 Tina Whittington HSM/260 May 11‚ 2014 Laura Huffaker Figuring fixed costs‚ variable costs‚ and BEP Week 4 10.1 The highest number of meals served was 4‚900 in December‚ with the lowest of meals being 3‚500 in July making a difference of 1‚400 of meals served‚ between the two months. The cost per meal variable is 1400÷$5500.00 for a total of $3.93 (WHDM’s) fixed cost is computed as follows $20‚500.00-(3‚500*$3.93)
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Construction Economics Assignment 01 B. Anushka Priyamal CSCT2014498 1 Acknowledgement Firstly‚ I would like to offer my special thanks to our Construction Economics lecture Dr. Nirodha Fernando who gave the knowledge about Construction Economics subject and given advice and guide to finish this assignment. I would also like to offer thank for the staff of the CSCT campus and CSCT librarians who gave books and lab facilities in this attempt. Finally‚ my heartfelt thanks are also offered my parents
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wheat S1 S1 S S Quantity Quantity As the sketch shown above the supply curve is shift to the left‚ the price of the bread rises the quantity of sold will fall. Wheat is use in a flour to make a bread‚ therefore if the wheat price goes up the cost of producing will also increase. Hence the shift of the supply curve is to the left. Price Price (b) a rise in the price of butter and margarine; Price Price D D D D D D D D Quantity Quantity Margarine
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T opic 2 Introduction to Approximate Quantities Topic No. 2 ___________________________________________________________________________ INTRODUCTION TO APPROXIMATE QUANTITIES CONTENTS INTRODUCTION.............................................................................................................2 LEARNING OUTCOMES FROM THIS TOPIC..............................................................2 APPROXIMATE QUANTITIES....................................................
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