NEWSVENDOR MODEL Too Much/Too Little Problem Maximize Expected Profit STEP 1: overage/underage costs Co = overage cost per unit Co = Variable Cost – Salvage value Cu = underage cost per unit Cu = Price – Cost (+ Future Cost) STEP 2: Find Critical Ratio F(Q*) = Probability demand < Q. Cu /Cu+ C0 = critical ratio/srvc level STEP 3: Calculate z from table. φ(Ζ) = Critical ratio STEP 4: Calculate Q* = optimal order quantity Ζ= from above (table) μ = mean σ = standard
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TIME VALUE OF MONEY FORMULA SHEET # TVM Formula For: 1 Future Value of a Lump Sum. (FVIFi‚n) Compounded/Payments (m) Times per Year Annual Compounding FVn = PV( 1 + i )n 2 FV 1 i PV = Present Value of a Lump Sum. (PVIFi‚n) -n Future Value of an Annuity. (FVIFAi‚n) FVAn = CF 4 Present Value of an Annuity. (PVIFAi‚n) 1 - ( 1 + i )-n PVAn = CF i 5 Present Value of Perpetuity. (PVA ) 6 Effective Annual Rate given the APR. 7
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There are two useful numbers that you can compute with the EAC. One of them is called Estimate to Complete (ETC)‚ which tells you how much more money you’ll probably spend on your project. And the other one‚ Variance at Completion (VAC)‚ predicts what your variance will be when the project is done. ETC = EAC - AC €11‚ 507 – €5‚ 750 = €5‚ 757 (how much the rest of the project likely to cost) Since EAC predicts how much money you’ll spend‚ if you subtract the AC‚ you’ll find out
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Determining the Chemical Formula of a Hydrate Chemistry 11 3/5/2013 Purpose: To determine the percent by mass of water in a hydrate of copper (II) sulfate hydrate. Hypothesis: I hypothesize that when the solution is heated the hydrate will convert to an anhydrous ionic compound. Then the percentage composition will be determined by weighing the mass of the white crystals. Materials: 400ml beaker‚ hot plate‚ tongs‚ scoopula‚ electronic balance‚ glass rod‚ hot pad‚ and 4g of hydrated
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Opposite Cot = 1/tan Sec= 1/sin Csc = 1cos Special rules | 300 | 450 | 600 | Sin | 12 | 12 | 32 | Cos | 32 | 12 | 12 | tan | 13 | 1 | 2 2 3 300 600 1 1 3 | 2 450 1 1 Area of triangle There is an basic formula for finding the area of a triangle A=12BH but I’m going to look at how to find the area of a triangle WITHOUT the base OR the height. X Y Z As long were are given x‚y AND z we can find the area of this triangle without using the base or height
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COMM3411 Assignment Spring Garden Tools Formula Sheet Decision Variables: This problem contains 20 decision variables‚ representing the number of production of each type of tools produce in different stages. Let i = t (Trowel) = h (Hoe) = r (Rake) = s (Shovel) Then R1i = regular production of product i in stage 1 S1i = subcontracted production of product i in stage 1 O1i = overtime production
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3/4/14 Determining The Formula of a Complex Ion Luqman Khan Contents: Aim………………………………………………………………………………………………………………….……2 Results……………………………………………………………………………………….………………………2-6 - Raw Data………………………….………….……………………………………………………..…..2 - Qualitative Analysis………………………………………………………………………………….2 - Data Processing……………………………..……………………………………………………..3-5 - Graphical Results……………………………..…………………………………………….…….5-6 Conclusion…………………………………………………………………………………………………………6-7 Evaluation……………………………………………………………………………………………………………
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Operating Income Percentage Change in Revenues Definition of Degree of Operating Leverage (DOL): The degree of operating leverage (DOL) is a measure‚ at a given level of sales of how a percentage change in sales volume will effect profits. Formula: The
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QRB Working with Numbers and Formulas Order of Operations McDonnell & Brue (Economics) Question 12 (p 129) in Ch 7 The following table shows nominal GDP and an appropriate price index for a group of selected years. Compute real GDP for each decade jump. Indicate in each calculation whether you are inflating or deflating the nominal GDP data. Year Nominal GDP‚ Billions Price Index 1996 = 100 Real GDP‚ Billions Inflating or Deflating GDP? 1960 $527.4 22.19 $2‚376.75 Inflating
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FEDERAL INCOME TAX FORMULA Gross Income - Above the Line Deductions____ Adjusted Gross Income - Itemized or Standard Deduction - Exemptions_________________ Taxable Income x Applicable Marginal Tax Rates for Each Bracket Tax Liability - Tax Credits_________________ = TAX OWED ABRIDGED INCOME TAX ACCOUNTING I. Gross Income [§ 61] — A. Wages‚ Salaries‚ and Tips B. Interest Income C. Dividend Income D. Other (Net) Income—Reduced by Deductible Expenses 1. State & Local
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