5 - Problems Finance - Operations Management

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Problem 3-2

National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows:

Month	Sales (000)Units
Feb.	18
Mar.	16
Apr.	10
May.	21
Jun.	18
Jul.	21
Aug.	30

b.	Forecast September sales volume using each of the following:

(1)	A linear trend equation.(Round your intermediate calculations and final answer to 2 decimal places.)

Y_t

provides forecasts with less average error and less average squared error.

Problem 3-24

Timely Transport provides local delivery service for a number of downtown and suburban businesses. Delivery charges are based on distance and weight involved for each delivery: 10 cents per pound and 10 cents per mile. Also, there is a $20 handling fee per parcel.

a.	Develop an expression that summarizes delivery charges. (Enter your answers as dollar amounts to 2 decimal places (x1 = weight, x2 = distance). Omit the "$" sign in your response.)

y = $ [removed] x₁ + $ [removed] x₂ + $ [removed]

b.	Determine the delivery charge for transporting a 60-pound parcel 20 miles. (Do not round your intermediate calculation. Round your answer to 2 decimal places. Omit the "$" sign in your response.)

y = $ [removed]

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Problem 3-15

The manager of a fashionable restaurant open Wednesday through Saturday says that the restaurant does about 25 percent of its business on Friday night, 30 percent on Saturday night, and 18 percent on Thursday night. What seasonal relatives would describe this situation?(Round your answers to 2 decimal places.)