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Author Archives: Anonymous

Due to supplier restrictions, Aggie Electronics must order 1…

Due to supplier restrictions, Aggie Electronics must order 120 units per order (Minimum Order Quantity MOQ) instead of the EOQ. Compute the Annual Total Cost due to MOQ.   (Upto 2 decimal places)

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Annual purchase cost by EOQ paid by Aggie Electronics:  (Upt…

Annual purchase cost by EOQ paid by Aggie Electronics:  (Upto 2 decimal places)

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Regression-Based Time Series  ColdBrew Analytics tracks quar…

Regression-Based Time Series  ColdBrew Analytics tracks quarterly demand (in barrels) for a specialty coffee concentrate. Management believes demand follows a linear trend over time. The historical data are shown below: Quarter Time  Demand  Q1 1 42 Q2 2 47 Q3 3 49 Q4 4 56 Q5 5 60 Assume a linear regression model:

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A local distributor operates an inventory system where the o…

A local distributor operates an inventory system where the optimal order quantity Q* is strictly maintained at 1,000 units. The supplier’s lead time  is 1.5 years. The inventory manager observes that because the lead time is so long, there are always exactly 2 full orders in transit at any given time, plus a fractional remainder. If the reorder point (R) is set at 400 units, calculate the exact annual demand rate (

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Compute the annual total profit considering the annual total…

Compute the annual total profit considering the annual total cost of raw materials, production setup and storage that BRCR has to pay. Round to two decimal places.

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Determine for how long should BRCR produce cold brew (uptime…

Determine for how long should BRCR produce cold brew (uptime) in number of days, considering 365 day in one year. (Round to the nearest integer)

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Forecasting and EOQ Aggie Electronics has been tracking the…

Forecasting and EOQ Aggie Electronics has been tracking the demand for one of its specialty components. The actual demand for the past three years and the forecasted demand for Year 1 are shown in the Table below: Use the data to answer the following questions. Determine the one-step-ahead forecast for the following Years using exponential smoothing with smoothing constantα=0.4Round each Year’s forecast to the nearest whole number. Year Actual Demand Forecasted Demand 1 150 145 2 180 – 3 210 –    

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Suppose a sixth data point is observed: At time t=6, actual…

Suppose a sixth data point is observed: At time t=6, actual demand is 80 (barrels). Based on this new data point, without recomputing the full regression we can say that the slope will decrease.

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The following table shows the number of textbooks classified…

The following table shows the number of textbooks classified by subject and condition.  Art STEM Business New 75 50 25 Used 125 100 25   What is the probability that a randomly chosen textbook was used GIVEN that it was a STEM book? Report your answer to 3 decimal places. 

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A child selects 2 toys from a box WITHOUT replacement. The b…

A child selects 2 toys from a box WITHOUT replacement. The box contains 6 toy cars and 9 toy animals. Let the random variable X be defined as the number of toy cars selected.  Which probability distribution table below correctly represents the number of toy cars selected?  TABLE A  Number of Toy Cars p(x) 0 0.2625 1 0.2625 2 0.175 3 0.30 4 0.1062   TABLE B  Number of Toy Cars p(x) 0 0.3956 1 0.4945 2 0.1099   TABLE C  Number of Toy Cars p(x) 0 0.30 1 0.525 2 0.175   TABLE D  Number of Toy Cars p(x) 0 0.14286 1 0.51428 2 0.34286

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