Questions from General Business Management

Q: Trowbridge Manufacturing produces cases for personal computers and other electronic equipment.

Trowbridge Manufacturing produces cases for personal computers and other electronic equipment. The quality control inspector for this company believes that a particular process is out of control. Norm...

Q: Annual rainfall plays an important role in corn agriculture. The drought

Annual rainfall plays an important role in corn agriculture. The drought of 2011 literally affected corn prices for years. Given the following data, build a model and predict the harvest for 2016 give...

Q: Jim Overstreet, inventory control manager for Itex, receives wheel bearings

Jim Overstreet, inventory control manager for Itex, receives wheel bearings from Wheel-Rite, a small producer of metal parts. Unfortunately, Wheel-Rite can produce only 500 wheel bearings per day. Ite...

Q: John Smith has developed the following forecasting model: Ŷ =

John Smith has developed the following forecasting model: Ŷ = 36 + 4.3X1 where Ŷ = demand for K10 air conditioners X1 = the outside temperature (℉) (a) Forecast the demand for K10 when the temperature...

Q: Barbara Bright is the purchasing agent for West Valve Company. West

Barbara Bright is the purchasing agent for West Valve Company. West Valve sells industrial valves and fluid control devices. One of the most popular valves is the Western, which has an annual demand o...

Q: Linda Lechner is in charge of maintaining hospital supplies at General Hospital

Linda Lechner is in charge of maintaining hospital supplies at General Hospital. During the past year, the mean lead time demand for bandage BX-5 was 60. Furthermore, the standard deviation for BX-5 w...

Q: Ken Ramsing has been in the lumber business for most of his

Ken Ramsing has been in the lumber business for most of his life. Ken’s biggest competitor is Pacific Woods. Through many years of experience, Ken knows that the ordering cost for an order of plywood...

Q: Shoe Shine is a local retail shoe store located on the north

Shoe Shine is a local retail shoe store located on the north side of Centerville. Annual demand for a popular sandal is 500 pairs, and John Dirk, the owner of Shoe Shine, has been in the habit of orde...

Q: Annual demand for the Dobbs model airplane kit is 80,000

Annual demand for the Dobbs model airplane kit is 80,000 units. Albert Dobbs, president of Dobbs’ Terrific Toys, controls one of the largest toy companies in Nevada. He estimates that the ordering cos...

Q: Jan Gentry is the owner of a small company that produces electric

Jan Gentry is the owner of a small company that produces electric scissors used to cut fabric. The annual demand is 8,000 scissors, and Jan produces the scissors in batches. On average, Jan can produc...