Exam 6: A Quantitative Module

In the economic order quantity (EOQ) model, one of the costs that gets considered for analysis is the carrying costs of tying up money with inventory.

A company has a current ratio of 2.75 to 1. What should a manager in the company conclude?

Jeff, a manager at the Flux Soap Store, notices that the store regularly runs out of Jasmine-Berry soap. Currently, the reorder point is fixed when inventory reaches 40 percent of maximum. Which adjustment should Jeff make in a fixed-point reordering system?

A company has a current ratio of 0.85 to 1. What should a manager in the company worry about?

Which of the following would a manager choose who wants to minimize her maximum regret?

Production data for Streaks is shown. Using linear programming, the maximum number of soccer shoes that the plant can make is 250. Monthly Product

This payoff matrix gives values for strategies S1, S2, and S3 for the Bigg Company and competitive strategies CA1, CA2, and CA3 for the Large Company. From Bigg's point of view, the S3 maximum regret is 1. S1 8 5 12 S2 9 14 3 S3 16 13 20

Which psychological orientation would be typical of a manager who is optimistic about her business environment?

Production data for the number of hours required per unit for making the Droid and iPhone versions of cell phone components by Bizzer, a high-tech manufacturing firm, is given below. What is the maximum number of Droid units that the factory can make? Monthly Product

The decision tree shows the profit outcomes for a toy store in a strong and a weak economy for next year. If the economy turns out to be weak, how much profit is the store likely to lose out?

The goal of the economic order quantity (EOQ) model is to maximize the total costs that are categorized as carrying costs and ordering costs.

Another term for queuing theory is "waiting line" theory.

This payoff matrix gives potential dollar gain values in thousands for strategies S1, S2, S3, and S4 for Sam's Pizza and competitive strategies CA1, CA2, and CA3 for Pam's Pizza. What is the maximum regret value for S2?

In the economic order quantity (EOQ) model, decreasing the order size will increase carrying costs.

The decision tree shows the profit outcomes for a sandwich shop in a strong and a weak economy. If the economy is strong, the shop is likely to make an $80,000 profit.

The decision tree shows the profit outcomes for a coffee shop in a strong and a weak economy for next year. What is the probability that the economy will be weak in the coming year?

Using a fixed-point reordering system, a business might order new inventory when it is down to about one-third of its maximum stock.

Decision trees show the profit outcomes for the plans for two doughnut stores in a strong and a weak economy for the future. Which store is expected to have the greater expected profit?

This payoff matrix gives values for strategies S1, S2, and S3 for the Bigg Company and competitive strategies CA1, CA2, and CA3 for the Large Company. From Bigg's point of view, the S1 maximum regret for CA2 is 8.

The decision tree shows the profit outcomes for a coffee shop in a strong and a weak economy for next year. Suppose a third outcome is considered in which a moderate economy is 33 percent likely to occur. With this added outcome, how does the probability of a weak economy change?