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disa [49]
3 years ago
14

The manager of a regional warehouse must decide on the number of loading docks to request for a new facility in order to minimiz

e the sum of dock costs and driver-truck costs. the manager has learned that each driver-truck combination represents a cost of $300 per day and that each dock plus loading crew represents a cost of $100 per day. how many docks should be requested if trucks arrive at the rate of three per day on average and each dock can handle five trucks per day on average. arrival of trucks follows a poisson distribution and loading time follows exponential distribution. (hint: in this problem, the average service rate, μ, is directly given to you)
Business
1 answer:
Elden [556K]3 years ago
6 0

Answer:

Only 1 dock is required since its overall cost is lower than having two docks

Explanation:

Solution

Given that:

let us consider the data given for the warehouse:

the cost per day/driver truck = $300

Cost per day/Dock plus loading crew = $100

Arrival rate λ = 3 per day

Service rate μ = 5 per day

Now,

we compute the utilization of the ware house

Utilization =λ/μ

= 3/5

ρ = 0.6

Only 1 dock is required since its overall cost is lower than having two docks

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An investment banking firm has been hired to roll up various partnerships into one master limited partnership. What is the compe
liq [111]

Answer:

2%

Explanation:

Based on the industry standards and regulations, an investment banking firm or a broker-dealer canvassing the agreements from limited partners in relation to a roll-up is outrightly limited to compensation of 2% of the value of the newly created securities.

Therefore, the correct answer, in this case, is that the compensation limit for this activity is pegged at 2 percent

3 0
3 years ago
During the last decade, there was an increase in sales in cds, dvds, pen drives, and portable hard discs, as people sought to re
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4 0
3 years ago
If you were to illegally reproduce for a profit a likeness or exact replica of a copyrighted logo, you would commit
tamaranim1 [39]

Answer:

copyright infringement

Explanation:

Copyright infringement is a broad term that refers to any kind of harm to someone's copyright, which includes copying a company's logo for profit. A logo, like any other visual product, is the legal possession of an individual or company, therefore it is illegal to copy it for your own business goal or profit.

5 0
4 years ago
An insurer sells a very large number of policies to people with the following loss distribution: $100,000 with probability 0.005
kogti [31]

Answer:

a) $2000

b)  $1,886.7925

C) $2,036.7925

Explanation:

First, the question states to determine the expected claim cost per policy

Expected Claim Cost represents the fund required to be paid by an insurer for a particular contract or a group of contracts as the case maybe. This is usually based on the policy taken.

A) Expected Claim Cost per policy

= (Policy Loss Value A x its probability) + (Policy Loss Value B x its probability) + (Policy Loss Value C x its probability)+(Policy Loss Value D x its probability)+ (Policy Loss Value E x its probability)

= ( (100000 x 0.005 )+ (60000 x 0.010) + (20000 x 0.02) + (10000 x 0.05) + 0 = $2000

Part B: discounted expected claim cost per policy

Since, the sum of $2000 is expected to be paid by the insurer by the end of the year, the interest to be earned based on the rate  (discounting used)

=$2,000 ÷ (1  + 0.06)

= $1,886.7925

Part C:: Determine the Fair Premium

Fair Premium is calculated as follows

The discounted policy claim cost + the Processing Cost per application + The fair profit loading

= $1,886.7925+ $100+50 = $2,036.7925

3 0
3 years ago
A company has a beginning retained earnings balance of $100,000. It has net income for the current year of $50,000 and paid $10,
Brut [27]

Answer:

The ending balance of retained earnings for the company $ 140.000

Explanation:

Retained Earnings increase the balance with the Net Income of each year that it's not withdrawalled by the owner or because are not paid dividends, to this case the owner only withdraw $10.000 of $50.000 generated during the year.

4 0
3 years ago
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