The Roadking Tire Store sells a brand of tires called the Roadrunner. The annual demand from the store’s customers for Roadrunner tires is 3,700. The cost to order tires from the tire manufacturer is $420 per order. The annual carrying cost is $1.75 per tire. The store allows shortages, and the annual shortage cost per tire is $4. Determine the optimal order size, maximum shortage level, and minimum total annual inventory cost.
The Easyfit tire store had demand for tires shown below. Split the data into two equal parts of...... ... days to com pare the best exponential smoothing model found in part a with a three-period moving average model. Compare the predictions on the basis of the total absolute deviation for the...
The Newtown store reports that 52 of its customers have tire brand loyalty and 48 have no brand...... ... its customers have tire brand loyalty whereas 53 have no brand preference Store managers randomly sample 100 customers regarding their tire buying behavior What is the probability that analysis...
A tire manufacturer warranties its tires to last at least 20,000 miles or “you get a new set of...... ... (c) If the manufacturer sells 500 sets of tires, what is the probability that it earns a profit after paying for any replacements? Assume that the purchases are made around the country and...
Movie companies need to predict the gross receipts of an individual movie once the movie has debuted. The following results (stored in Potter Movies) are the first weekend gross, the U.S. gross, and the worldwide gross (in $mil-lions) of the eight Harry Potter movies that debuted from 2001 to 2011:...
What is the present equivalent of a uniform series of annual payments of $3,500 each for five years if the interest rate, compounded continuously, is 10%?
On August 1, 2015, Trico Technologies, an aeronautic electronics company, borrows $21 million cash to expand operations. The loan is made by FirstBanc Corp. under a short-term line of credit arrangement. Trico signs a six-month, 9% promissory note. Interest is payable at maturity. FirstBanc...
Present the calculations and evaluate the accuracy and precision for the calibration of a 10 mL pipette, if the volume results (mL) were: 9.89 - 10.03 - 9.56 - 9.36 - 10.48 - 9.72- 9.43 - 10.00 - 9.51 - 9 33.
a. Ash decides to allocate $4 million to fund the exhibit. Given the pieces available and the specific requirements from Ash and Celeste, formulate and solve a binary integer programming problem to maximize the number of pieces displayed in the exhibit without exceeding the budget. How many pieces...
The Pacific Lumber Company and Mill processes 10,000 logs annually, operating 250 days per year. Immediately upon receiving an order, the logging company’s supplier begins delivery to the lumber mill, at a rate of 60 logs per day. The lumber mill has determined that the ordering cost is $1,600...
The Laurel Creek Lawn Shop sells Fastgro Fertilizer. The annual demand for the fertilizer is 270,000 pounds. The cost to order the fertilizer from the Fastgro Company is $105 per order. The annual carrying cost is $0.25 per pound. The store operates with shortages, and the annual shortage cost is...
The dean of your business school has determined that there are four major drivers of success for her business school. Those success drivers are having outstanding (1) faculty, (2) students, (3) curricula, and (4) alumni and recruiter support.Required:Based on these drivers of success, develop a...