Multiple Questions Answers

1. The annual demand for a product has been projected to be 2,000 units. This demand is assumed to be constant throughout the year. The ordering cost is $20 per order, and the holding cost is 20 percent of the purchase cost. Currently, the purchase cost is $40 per unit. There are 250 working days per year. Whenever an order is placed, it is known that the entire order will arrive on a truck in six days. If the total holding cost for the year is $2,000, how many units does the company order at a time?
300
400
500
600
none of the above

2. A post office has a single line for customers waiting for the next available postal clerk. There are two postal clerks who work at the same rate. The arrival rate of customers follows a Poisson distribution, while the service time follows an exponential distribution. The average arrival rate is three per minute and the average service rate is two per minute for each of the two clerks. What proportion of time are both clerks idle?
0.643
0.250
0.750
0.143

3. Customers enter the waiting line at a cafeteria on a first-come, first-served basis. The arrival rate follows a Poisson distribution, while service times follow an exponential distribution. If the average number of arrivals is four per minute and the average service rate of a single server is seven per minute, what is the average number of customers in the system?
0.43
1.67
0.57
1.33
none of the above

4. When using Excel's Solver to input and solve a linear programming problem, it is essential that one perform an additional task before submitting the formulation. That important additional function is:

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    • 1. The annual demand for a product has been projected to be 2,000 units. This demand is assumed to be constant throughout the year. The ordering cost is $20 per order, and the holding cost is 20 …

    • 1. The annual demand for a product has been projected to be 2,000 units. This demand is assumed to be constant throughout the year. The ordering cost is $20 per order, and the holding cost is 20 …