Questions from Management Science

Q: In Problem 42, Infoworks believes its printer sales are also related

In Problem 42, Infoworks believes its printer sales are also related to the average price of its printers. It has collected historical data on average printer prices for the past 10 years, as follows:...

Q: The manager of the Bayville police department motor pool wants to develop

The manager of the Bayville police department motor pool wants to develop a forecast model for annual maintenance on police cars, based on mileage in the past year and age of the cars. The following d...

Q: The dean of the college of business at Tech has initiated a

The dean of the college of business at Tech has initiated a fund-raising campaign. One of the selling points he plans to use with potential donors is that increasing the college’s pr...

Q: The Victory Plus Mutual Fund of growth stocks has had the following

The Victory Plus Mutual Fund of growth stocks has had the following average monthly price for the past 10 months: Compute the exponentially smoothed forecast with a = .40, the adjusted exponential smo...

Q: The Bayside Fountain Hotel is adjacent to County Coliseum, a 24

The Bayside Fountain Hotel is adjacent to County Coliseum, a 24,000-seat arena that is home to the city’s professional basketball and ice hockey teams and that hosts a variety of con...

Q: Emily Andrews has invested in a science and technology mutual fund.

Emily Andrews has invested in a science and technology mutual fund. Now she is considering liquidating and investing in another fund. She would like to forecast the price of the science and technology...

Q: Eurotronics manufactures components for use in small electronic products such as computers

Eurotronics manufactures components for use in small electronic products such as computers, CD players, and radios at plants in Belgium, Germany, and France. The parts are transported by truck to Hamb...

Q: Hayes Electronics stocks and sells a particular brand of personal computer.

Hayes Electronics stocks and sells a particular brand of personal computer. It costs the firm $450 each time it places an order with the manufacturer for the personal computers. The cost of carrying o...

Q: The Wood Valley Dairy makes cheese to supply to stores in its

The Wood Valley Dairy makes cheese to supply to stores in its area. The dairy can make 250 pounds of cheese per day (365 days per year), and the demand at area stores is 180 pounds per day. Each time...

Q: A furniture store produces tables and doors and sells them through its

A furniture store produces tables and doors and sells them through its outlets across the country. The wood working machines are first set for producing tables and the produced tables are stocked for...