What factors are encouraging financial institutions to offer overlapping financial services such as banking, investment banking,
1 answer:
You might be interested in
Answer:
a) 32 refrigerators
b) 28.39 approximately 29 refrigerators
Explanation:
Given:
Cost of order, S = $100
H = 20% of 500 = 100
Cost of refrigerator = $500
Annual demand, D = 500
S.d = 10
Lead time, L = 7 days.
a) To find the economic order quantity, Q_opt, let's use the formula:
The economic order quantity is 32 refrigerators.
b) The reorder point, R, is calculated as:
R = (d' * L) + ( z * s.d)
Where d' is daily demand which is calculated by dividing annual demand by 365 days.
d' = 500/365 = 1.37
At 97% service probability.
Using the excel function, NORMSINV(0.97) = 1.88.
Therefore z = 1.88
Solving for R, we have:
R = (1.37 * 7) + (1.88 * 10)
= 28.39
≈ 29
If the distributor wants a 97% service probability, the reorder point, R, should be 29 refrigerators
Answer:
- See the figure attached with the sketch of the shape.
- Volume = 0.75m³
Explanation:
The<em> sketch </em>of the <em>shape</em> is shown on the diagram attached indicating the <em>height </em>(<em>15 cm</em>), the <em>diameter</em> (<em>8cm</em>), and the radius (4cm).
The<em> volume</em> of a <em>cylindrical </em>shape is calculated with the formula:
The radius is half the diameter: 8cm / 2cm = 4 cm.
To express in terms of m (meters) convert the radius and the height from cm to m:
- 15cm × 1m/100cm = 0.15m
- 4cm × 1m/100cm = 0.04m
Substitute in the formula and compute:
