The A&M Hobby Shop carries a line of radio-controlled model racing cars. Demand for the cars is assumed to be constant at a rate of 60 cars per month. The cars cost $70 each, and ordering costs are approximately $15 per order, regardless of the order size. The annual holding cost rate is 20%.

Required:
a. Determine the economic order quantity and total annual cost under the assumption that no backorders are permitted.
b. Using a $45 per-unit per-year backorder cost, determine the minimum cost inventory policy and total annual cost for the model racing cars.
c. What is the maximum number of days a customer would have to wait for a backorder under the policy in part (b)? Assume that the Hobby Shop is open for business 300 days per year.
d. Would you recommend a no-backorder or a backorder inventory policy for this product? Explain.

Answers

Answer 1

Answer:

Step-by-step explanation:

A) Demand per month= 40 cars

Annual Demand (D)= 12*40 = 480

Fixed Cost per order (K)= 15

Holding Cost= 20% of cost= 60 *0.2 = 12

a. Economic Order Quantity=

Q^{*}={\sqrt {{\frac {2DK}{h}}}}

= √(2*480*15)/12

=34.64 ~ 35

Total Cost =P*D+K(D/EOQ)+h(EOQ/2) P= Cost per unit

= 60*480+ 15(480/35) + 12(35/2)

= 28800+ 205.71+ 210

=$29215.71

B). Backorder Cost (b)= $45

Qbo= Q* × √( b+h/ h)

= 35*√(12+45/ 45)

= 35* 1.12

=39.28 ~ 39

Shortage (S)= Qbo * (K/K+b)

= 39* (15/15+45)

= 39* 0.25

= 9.75

Total Cost Minimum=( bS2/ 2Qbo) + P (Qbo- S)2/2Qbo + K(D/Qbo)

=45* 9.752 / 2* 392 + 60 (39-9.75)2/ 2* 392 + 15 ( 480/39)

= 1.40+ 21.9.+ 184.61

=$207.91

C)Length of backorder days (d) = Demand ÷ amount of working days

d = 480 ÷ 300

d = 1.6

Calculate the backorders as the maximum number of backorders divided by the demand per day

s/d = 9.75/1.6 = 6.09 days (answer)

D) Calculate the difference in total between not using backorder:

$207.85 + $207.85 - 207.91 = $207.79

The saving in using backorder is $207.79.

Therefore I would recommend using a backorder


Related Questions

Which sequence is arithmetic?
O 2, 6, 18, 54, ...
O 3, 6, 12, 24, ...
O 11, 14, 17, 20, ...
O 7, 11, 13, 18, ...

Answers

Answer:

11, 14, 17, 20, ...

Step-by-step explanation:

An arithmetic sequence is one where each term increases by the same number every time. This is called the common difference and is always added to the previous term to get the current term. The only sequence that follows this is the third once. Every term increases by 3; therefore, it is an arithmetic sequence.

3 lawns in 9 hours.what was the rate of mowing in hours per lawn

Answers

Answer:

3

Step-by-step explanation:

3 = 9 \:th \\ 1 = 3 \\ 3 \times 3 = 9 \\ 9 \div 3 = 3 \\ so \: that \: answer \: is \: 3

3 because 3x3 = 9 and that just makes more sense then to put anything other unless I’m missing something it’s 3

The recursive formula for a geometric sequence is given below.
f(1) = 5
(n) = 3 . f(n − 1), for n > 2
What is the 7th term in the sequence?

Answers

Answer:

3645

Step-by-step explanation:

f(1)=5

f(2)=3*5=15.

f(3)=45, basically it's a geometric sequence with formula an=5*(3)^(n-1). The 7th term is 5*(3)^6=3645

The ratio of boys to girls in a high school is found to be three to five. If a class has 12boys, how many girls would you expect to be in the class?

Answers

Answer:

20 girls

Step-by-step explanation:

boys: girls

3          5

There are 12 boys

12/3 = 4

Multiply each side by 4

boys: girls

3*4      5*4

12         20

Answer:

20 girls

Step-by-step explanation:

Divide 12 by 3 : 12/3 = 4

Multiply 4 by 5 : 4*5 = 20

Determine the quadrant in which the terminal side of the given angle lies. -750°

Answers

Answer:

Quadrant 4

Step-by-step explanation:

If the given angle was positive, then we go clockwise.

But it's negative so we go counterclockwise.

An alternative way of graphing

Quadrant 1 is 0-90°

Quadrant 2 is 90-180°

Quadrant 3 is 180-270°

Quadrant 4 is 270-360°

Subtract the given angle by 360 until no longer possible

750 - 360 = 390     390 - 360 = 30

Remember that this was originally a negative angle

Instead of going clockwise to quadrant 1, we go counterclockwise to quadrant 4, ending up at 330°

Problem
Amir can run 151515 kilometers in one hour. How many kilometers can Amir run per minute?
There are 606060 minutes in 111 hour.

Answers

Answer:

60

Step-by-step explanation:

15kilometers into 1 hour

60 minutes in 1 hour

so Amir ran 15 kilometers in 60 minutes

Answer:

0.25 km

step explanation:

that was the anwser on khan

What is the surface area of a cylinder that has a radius of 7 m and a height of 18 m?
879.65 m2
1099.56 m2
615.75 m2
395.84 m2

Answers

1099.56m² is the surface area of a cylinder that has a radius of 7 m and a height of 18 m.

the question is in the photo. it is asking for 2 answers

Answers

9514 1404 393

Answer:

2nd force: 99.91 lbresultant: 213.97 lb

Step-by-step explanation:

In the parallelogram shown, angle B is the supplement of angle DAB:

  ∠B = 180° -77°37' = 102°23'

Angle ACB is the difference of angles 77°37' and 27°8', so is 50°29'.

Now, we know the angles and one side of triangle ABC. We can use the law of sines to solve for the other two sides.

  BC/sin(A) = AB/sin(C)

  AD = BC = AB·sin(A)/sin(C) = (169 lb)sin(27°8')/sin(50°29') ≈ 99.91 lb

 AC = AB·sin(B)/sin(C) = (169 lb)sin(102°23')/sin(50°29') ≈ 213.97 lb

What is the shortest distance Jill can travel is she leaves her house, goes to City Hall, to the Post Office, and then returns home?

A. 9 miles
B. 16 miles
C. 38 miles
D. 48 miles

Answers

Can you post an image of the map?

Answer:

i believe that the answer is 38 please trust me

Find the length of the arc round your answer to the nearest 10th

Answers

Answer:

12.6

Step-by-step explanation:

Length of arc=(2*pi*r)*(theta/360)

Length of arc=(2*12*pi)*(1/6)=12.6

Help with This question please

Answers

Answer:

A

Step-by-step explanation:

the ratio of sadia's age to her father's age is 3:6. The sum of their age is 96 .What is sadia's age​

Answers

We have,

[tex]a:b=3:6,a+b=96[/tex]

Introduce variable [tex]x[/tex] such that [tex]a=3x,b=6x[/tex]

The sum [tex]a+b=96[/tex] is therefore [tex]9x=96\implies x=10.\overline{6}[/tex]

So,

[tex]a=3\cdot10.\overline{6}=\boxed{32}[/tex] (sadia's age)

[tex]b=6\cdot10.\overline{6}=\boxed{64}[/tex] (father's age)

Hope this helps :)

40+30+10 in commutative property

Answers

Answer:

10 + 40 + 30

Step-by-step explanation:

Commutative property states that the order in which we add numbers does not affect the answer, so we just need to change the order of numbers

Answered by Gauthmath

PLZ ANSWER ASAP
(look at images below, from khan)

Answers

Answer:

D Replace on equation with sum /difference of both equations

The systems are still the same

Step-by-step explanation:

5x + y = 3

4x - 7y = 8

Subtract the second equation from the first

5x + y = 3

-(4x - 7y = 8)

-----------------

x    +8y = -5

The second equation in system B is the first equation in system a minus the second equation in system A

We added the same thing to each side of the equation so the the system is still the same

the best answer would be d

how do i establish this identity?

Answers

RHS

[tex]\\ \sf\longmapsto \frac{2 \tan( \theta) }{ \sin(2 \theta) } \\ \\ \sf\longmapsto \frac{ \frac{2 \sin( \theta) }{2 \cos( \theta) } }{ \sin(2 \theta) } \\ \\ \sf\longmapsto \frac{1}{ \cos {}^{2} ( \theta) } \\ \\ \sf\longmapsto {sec}^{2} \theta[/tex]

I really need help!!!​

Answers

Answer:

the third option (a=1, h=0, k=6)

Step-by-step explanation:

if I understand correctly what your teacher wants from you, then you need find a (the factor of x² in the equation) and the vertex (turnaround point) of the parabola represented by such a quadratic equation.

the vertex point coordinates are called (h, k).

the general form of such an equation equation is

y = ax² + bx + c

so, we have a right away : a=1

now we can make this quickly by using common sense, or a bit more complex by going through mathematical formulas.

the fast, practical way is to know that y=x² is the very basic parabola with its vertex at (0, 0).

y = x² + 6 is simply the same parabola just lifted up (y direction) by 6 units, that makes the vertex (0, 6).

in pure theory, though, we need to find the transformation from the general y = ax² + bx + c form to

y = a(x - h)² + k

we see right away that k = f(h) = h² + 6

y = a(x² - 2xh + h²) + k

a=1

y = x² - 2xh + h² + k = x² - 2xh + h² + h² + 6 =

= x² - 2xh + 2h² + 6

comparing with y = x² + 6

we know that

-2×h = 0

as we have no term with just x.

=> h = 0

2h² + 6 = k

2×0² + 6 = 6 = k

Length of a line segment with endpoints (3,-2) and (-3,4).

Answers

Answer:

6squareroot2

Step-by-step explanation:

that's the answer I think

Among various ethnic groups, the standard deviation of heights is known to be approximately three inches. We wish to construct a 95% confidence interval for the mean height of male Swedes. Forty-eight mile Swedes are surveyed. The sample mean is 71 inches. The sample standard deviation is 2.8 inches.

Required:
a. Calculate the error bound.
b. What will happen to the level of confidence obtained if 1,000 male Swedes are surveyed instead of 48? Why?

Answers

Answer:

a) The error bound of the confidence interval is of 0.66.

b) The confidence interval will be narrower.

Step-by-step explanation:

Question a:

We have to find the margin of error. Considering that we have the standard deviation for the sample, the t-distribution is used.

The first step to solve this problem is finding how many degrees of freedom,which is the sample size subtracted by 1. So

df = 71 - 1 = 70

95% confidence interval

Now, we have to find a value of T, which is found looking at the t table, with 70 degrees of freedom(y-axis) and a confidence level of [tex]1 - \frac{1 - 0.95}{2} = 0.975[/tex]. So we have T = 1.9944

The margin of error is:

[tex]M = T\frac{s}{\sqrt{n}}[/tex]

In which s is the standard deviation of the sample and n is the size of the sample.

For this problem, [tex]s = 2.8, n = 71[/tex]. So

[tex]M = T\frac{s}{\sqrt{n}} = 1.9944\frac{2.8}{\sqrt{71}} = 0.66[/tex]

The error bound of the confidence interval is of 0.66.

b. What will happen to the level of confidence obtained if 1,000 male Swedes are surveyed instead of 48? Why?

The margin of error is inversely proportional to the square root of the sample size, so increasing the sample size leads to a smaller margin  of error and a narrower confidence interval.

Onetta goes to the food court to get a salad and sandwich for lunch. The Daily Deli has 8 varieties of sandwiches and 3 salads. Better Bites has 2 varieties of sandwiches and 7 salads. The Lunch Spot has 5 varieties of sandwiches and 8 salads. Determine the number of ways Onetta can select a sandwich and a salad.

Answers

Answer:

Onetta can salect a sandwich and a salad in 78 different ways.

Step-by-step explanation:

Since Onetta goes to the food court to get a salad and sandwich for lunch, and the Daily Deli has 8 varieties of sandwiches and 3 salads, while Better Bites has 2 varieties of sandwiches and 7 salads, and the Lunch Spot has 5 varieties of sandwiches and 8 salads, to determine the number of ways Onetta can select a sandwich and a salad, the following calculation must be performed:

8 x 3 + 2 x 7 + 5 x 8 = X

24 + 14 + 40 = X

78 = X

Therefore, Onetta can salect a sandwich and a salad in 78 different ways.

How to find the inverse of this matrix
[tex]\left[\begin{array}{ccc}1&0\\0&3\\\end{array}\right][/tex]

Answers

Answer:

Here we have the matrix:

[tex]M = \left[\begin{array}{ccc}1&0\\0&3\end{array}\right][/tex]

And we want to find its inverse.

The inverse of a 2x2 matrix A is:

(1/det(A))*adj(A)

where det(A) is the determinant of the matrix.

Such that for a matrix:

[tex]A = \left[\begin{array}{ccc}a_{11}&a_{12}\\a_{21}&a_{22}\end{array}\right][/tex]

The determinant is:

det(A) = a₁₁*a₂₂ - a₁₂*a₂₁

in the case of our matrix M, the determinant is:

det(M) = 1*3 - 0*0 = 3

and adj(A) is a transposition along the diagonal, and for the other elements, we just change its sign.

Then for our matrix A we would have:

[tex]adj(A) = \left[\begin{array}{ccc}a_{22}&-a_{12}\\-a_{21}&a_{11}\end{array}\right][/tex]

Then for our matrix M, we have:

[tex]adj(M) = \left[\begin{array}{ccc}3&-0\\-0&1\end{array}\right][/tex]

Then the inverse of the matrix M is:

[tex]M^{-1} = \frac{1}{det(M)} *adj(M) = \frac{1}{3}\left[\begin{array}{ccc}3&0\\0&1\end{array}\right] = \left[\begin{array}{ccc}1&0\\0&1/3\end{array}\right][/tex]

share the following total in its given ratio. $18 at ratio 1.2​

Answers

The answer should be 21.6

A contractor is purchasing some stone tiles for a new patio. Each cost $3 and he wants to spend less than $1200. The size of each tile is 1 square foot. Write an inequality that represents the number of tiles he can purchase with a $1200 limit, and then figure out how large the stone patio can be.

Answers

Answer:

4 0 0 s q. ft.

Step-by-step explanation:

3x≤1200; 400 sq. ft.

How many minutes in 4 hours

Answers

Answer: 240 minutes

Step-by-step explanation:

Concept:

Here, we need to know the idea of unit conversion.

Unit conversion is the conversion between different units of measurement for the same quantity, typically through multiplicative conversion factors.

1 hour = 60 minutes

Solve:

1 hour = 60 minutes

4 hours = 4 × 60 = 240 minutes

Hope this helps!! :)

Please let me know if you have any questions

A parallelogram is made up of a rectangle with a base of 12 centimeters (cm) and a height of 5 cm, and two triangles, each with a base of 2 cm and height of 5 cm. Jeremy calculates the area of the parallelogram by multiplying the base and height of the rectangle to get 60 cm2.
Is Jeremy's answer correct? Why or why not?

Select the option that correctly answers both questions.

No, he forgot to multiply by 12 when calculating the area of the rectangle.

Yes, he correctly calculated the area of the parallelogram as b⋅h.

No, he forgot to add the area of the triangles to the area of the rectangle.

Yes, he correctly calculated the area of the parallelogram as 12bh.

Answers

No, he forgot to add the area of the triangles to the area of the rectangle.

It is said that Jeremy thought he solved for the area of the whole parallelogram correctly by multiplying the base and height of the rectangle, which is just a part of the whole parallelogram.

Jeremy’s answer is incomplete, he only calculated the area of the triangle as the answer.

This is because one way of finding an area of a parallelogram is dividing the shape into a rectangle with a triangle on each side.

The real area of the parallelogram is 70 cm^2
(with areas of each triangles added)

With that being said, the formula of a parallelogram that is said is:
A = bh
Which means a height perpendicular to the base of the whole paralleogram.

14. What, if any, is a real solution to 5x +1 +9 - 3?
1
C
D. There is no real solution.

Answers

I believe the question is:

What is the solution to 5x + 1 +9 - 3

In this case, we solve for X.

5x + 1 + 9 - 3

5x + 10 - 3

5x + 7

5x = -7

x = -7/5

Unfortunately, It is not one of the answer choices it looks like.

Maybe you should reword your question but hopefully this is correct.

If you meant to say 5x+1 + 9 < 3 --> 5x + 10 < 3 --> 5x < -7 --> x < -7/5

The value of x in a given expression is -7/5.

We have given that,

5x + 1 + 9 - 3

We have to determine the value of x.

What is the variable?

A variable is any factor, trait, or condition that can exist in differing amounts or types. Scientists try to figure out how the natural world works

In this case, we solve for X.

5x + 1 + 9 - 3

5x + 10 - 3

5x + 7

5x = -7

x = -7/5

If you meant to say 5x+1 + 9 < 3 --> 5x + 10 < 3 --> 5x < -7 --> x < -7/5.

Therefore we get the value of x is -7/5.

To learn more about the value of the variable visit:

https://brainly.com/question/5030068

#SPJ2

Which number line shows the solution for n + 3 < 12?

Answers

i need ur help to escape the police men because the only reason i stole his pickles was because i was going through this thing where all i wanted to do was eat PICKLES and my mom wouldn’t buy any. IGNORE THAT <<<< THE ANSWER IS (C)

Answer:

None of them

Step-by-step explanation:

n+3<12

(Subtract 3 from both sides)

n<9

(n is less than 9, so n is everything left of 9)

(the inequality symbols: > and < are an open dot)

(none of the choices display n<9 with an open dot, so none of the options are correct)

(if you meant < with a line underneath it, then the dot would be filled, and the answer would be D)

Find the following integral

Answers

There's nothing preventing us from computing one integral at a time:

[tex]\displaystyle \int_0^{2-x} xyz \,\mathrm dz = \frac12xyz^2\bigg|_{z=0}^{z=2-x} \\\\ = \frac12xy(2-x)^2[/tex]

[tex]\displaystyle \int_0^{1-x}\int_0^{2-x}xyz\,\mathrm dz\,\mathrm dy = \frac12\int_0^{1-x}xy(2-x)^2\,\mathrm dy \\\\ = \frac14xy^2(2-x)^2\bigg|_{y=0}^{y=1-x} \\\\= \frac14x(1-x)^2(2-x)^2[/tex]

[tex]\displaystyle\int_0^1\int_0^{1-x}\int_0^{2-x}xyz\,\mathrm dz\,\mathrm dy\,\mathrm dx = \frac14\int_0^1x(1-x)^2(2-x)^2\,\mathrm dx[/tex]

Expand the integrand completely:

[tex]x(1-x)^2(2-x)^2 = x^5-6x^4+13x^3-12x^2+4x[/tex]

Then

[tex]\displaystyle\frac14\int_0^1x(1-x)^2(2-x)^2\,\mathrm dx = \left(\frac16x^6-\frac65x^5+\frac{13}4x^4-4x^3+2x^2\right)\bigg|_{x=0}^{x=1} \\\\ = \boxed{\frac{13}{240}}[/tex]

Which fraction is greater than the fraction represented by the model?

HURRY PLS IM BEING TIMED!!!!

Answers

Answer:

7/16

Step-by-step explanation:

7/16>3/8

It would be 7/16 because 3/8 is what is being shown. If you make them both have a common denominator then it would be 6/16.

find area of shaded region

Answers

Answer:

The answer is 21.98. I just took area of the whole circle and subtracted it with the area of two circles in it

Answer:

21. 99

Step-by-step explanation:

[tex]s = \pi \times {r}^{2} \\ s1 = 3.14 \times 9 = 28.27 \\ s2 = 3.14 \times 1 = 3.14 \\ a = 28.27 - (3.14 \times 2) = 28.27 - 6.28 = 21.99[/tex]

Find the inverse of this matrix.
1 -1 -1
-1 2 3
1 1 4

Answers

Let's use Gaussian elimination. Consider the augmented matrix,

[tex]\left[\begin{array}{ccc|ccc}1 & -1 & -1 & 1 & 0 & 0\\-1 & 2 & 3 & 0 & 1 & 0\\1 & 1 & 4 & 0 & 0 & 1\end{array}\right][/tex]

• Add row 1 to row 2, and add -1 (row 1) to row 3:

[tex]\left[\begin{array}{ccc|ccc}1 & -1 & -1 & 1 & 0 & 0\\0 & 1 & 2 & 1 & 1 & 0\\0 & 2 & 5 & -1 & 0 & 1\end{array}\right][/tex]

• Add -2 (row 2) to row 3:

[tex]\left[\begin{array}{ccc|ccc}1 & -1 & -1 & 1 & 0 & 0\\0 & 1 & 2 & 1 & 1 & 0\\0 & 0 & 1 & -3 & -2 & 1\end{array}\right][/tex]

• Add -2 (row 3) to row 2:

[tex]\left[\begin{array}{ccc|ccc}1 & -1 & -1 & 1 & 0 & 0\\0 & 1 & 0 & 7 & 5 & -2\\0 & 0 & 1 & -3 & -2 & 1\end{array}\right][/tex]

• Add row 2 and row 3 to row 1:

[tex]\left[\begin{array}{ccc|ccc}1 & 0 & 0 & 5 & 3 & -1\\0 & 1 & 0 & 7 & 5 & -2\\0 & 0 & 1 & -3 & -2 & 1\end{array}\right][/tex]

So the inverse is

[tex]\begin{bmatrix}1&-1&-1\\-1&2&3\\1&1&4\end{bmatrix}^{-1} = \boxed{\begin{bmatrix}5&3&-1\\7&5&-2\\-3&-2&1\end{bmatrix}}[/tex]

Answer:

The answer is C

Step-by-step explanation:

PLATO

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