Probabilistic Inventory Models 1. CONTINUOUS REVIEW MODELS 1.1 "Probabilitized" EOQ Model Some practitioners have sought to adapt the deterministic EOQ model to reflect the probabilistic nature of demand by using an approximation that superimposes a constant buffer stock on the inventory level throughout the entire planning horizon. The size of the buffer is determined such that the probability of running out of stock during lead time (the period between placing and receiving an order) does
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costing. Rather than simply allocating indirect costs among special orders using a company-wide rate‚ ABC acknowledges that not all costs are driven by output volume. • Breeland Ltd. requests a special order needing a cleaning solvent that needs 40 gallons
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and eighty-five mile per hour speed on their electric cars but this was not plausible when running off of a battery. a.ii. When customers compare cars they don’t care much about the environmental risks they only care about the price‚ the miles per gallon‚ and the mileage range. Customers had a difficult time seeing the difference between regular cars and electric cars so there was not enough demand. b. Battery Technology (not guilty) b.i. Batteries were too weak to make the car go as far as consumers
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Lotus Car Rental Alternative Fuel Proposal COMM/215 September 3‚ 2013 Lotus Car Rental Alternative Fuel Proposal Combustion engine vehicles have come a long way‚ especially since conventional vehicles are reaching upwards of 30 miles per gallon. Conventional vehicles have only grown more reliable over the past few decades‚ and continue to improve with each passing year. Due to these advancements‚ many would agree that there is no reason to switch over to new alternative fuel vehicles. However
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Dillon Smith February 15‚ 2011 Exhibit Paper “Home of the Champions” LSU athletics can certainly be defined by its unique tradition‚ triumphant teams‚ dedicated fans‚ and unquestionable support from the entire city of Baton Rouge. Thanks to “Great athletes spanning the decades‚” LSU’s athletic program has flourished into a charismatic powerhouse. Many of the memorable moments within LSU’s sports history can be found in the Jack & Priscilla Andonie Museum located on LSU’s campus. The museum
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politeness device‚ to help maintain discussion rather than as a sign of uncertainty (Lakoff’s theory). • Also suggested that women in same-sex groups used more compliments and hedgers a signs of support and solidarity. (Part of deficit approach) Coates 1989 • All female talk is cooperative‚ speakers help to negotiate and support each other’s rights. These patterns are not found in mixed sex talk. (Part of difference approach) Zimmerman & West 1975 • Found in their set of data that
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Ethanol production in the U.S. has grown tremendously in the last decade. Production was averaging one billion gallons per year in the early 1990s‚ grew to four billion gallons in 2005‚ and in 2007 exceeded six billion gallons (Renewable Fuels Association (RFA)). If current plans for new construction and expansion come to completion‚ production capacity will exceed eleven billion gallons by the end of 2010. Recent growth has been supported by the combination of favorable public policy and high nominal
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current produce level‚ we could see the current capacity level for producing can bodies are not balanced with other departments. Can bodies is not many enough so that to fill all of its juice. As the case mentioned‚ the company could produce 4‚000 gallons on average‚ which could fill 40‚000 cans per month. And one can need two lids‚ which is accurately satisfied by the tin department. The filling department could satisfy the produce department by 10‚000 more filling capacity. The problem turns up being
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cost to produce a gallon of Polynesian was $5.60‚ only 20 cents more than Vanilla comparatively. One would assume that an exotic flavor would have a significantly higher cost proportionally. 2. What is the cost of the two products under activity-based costing? There was much more distinction between the costs under this style of accounting. This is presumably because this strategy will account for the higher costs of producing the exotic flavor and the high volume of gallons in production of
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flow of goods. Let’s use the gasoline industry as an example. Let’s say that a tanker truck delivers 2‚000 gallons of gasoline to Alan’s Service Station on Monday and the price at that time is $2.35/gallon. On Tuesday‚ the price of gasoline has gone up and the tanker truck delivers 2‚000 more gallons at a price of $2.50/gallon. Under LIFO‚ the gasoline station would assign the $2.50 gallon gasoline to Cost of Goods
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