Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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- 100% sure experts solve it correct complete solutions okk don't use chat gpt okk Only Qno1 solve complete solutions if u know problem 2 solve both thanksarrow_forward13. Value of a Customer. As the manager of credit cardservices at Bank of Hanover (BOH), you’re aware that theaverage profitability of a credit card customer grows with thenumber of years they have used the credit card. Two probabi-listic factors affect actual profitability. The mean profitabilityfunction is given in the table below, which has been gatheredfrom data on BOH customers. The actual profit in a given yearfollows a normal distribution, with a standard deviation equalto 25 percent of the mean profit.In addition, there is a probability less than one that acustomer will continue to use the card during year t. Thisprobability is sometimes called the retention rate. For instance,an 80 percent retention rate means that, during any year, thereis a 20 percent chance the customer will cancel their credit card.Assume that if a customer cancels during year t, then thecancellation occurs at the end of the year, and BOH stillgets profits from year t. The current retention rate has…arrow_forwardt sales 1 324 2 245 3256 4 567 5 346 6 357 7 357 8 257 9 1678 What is the predicted future sales for time period 13?arrow_forward
- A O Standord Max Мaximize Р — 10х + 12y subject to x + 2y 0 Screen clipping taken: 11/23/2019 6:23 AM C Мaximize P 3 3х + 4у + 5z subject to x + y + z 0, z 20 Screen clipping taken: 11/23/2019 6:24 AM D Maximize P = 12x + 10y + 5z subject to 2х + у +zs 10 3x + 5y + z < 45 2x + 5y + z < 40 x 2 0, y 2 0, z 2 0 Screen clipping taken: 11/23/2019 6:25 AMarrow_forwardPls choose right answers no need explanationarrow_forward"The table below is data on telephone usage time by operators to serve customer requests that will be used to explain the use of Xbar and R-chart". Question: a. Create UCL and LCL with Limit Control Factor A2b. Create UCL and LCL with Limit Control Factor D3 and D4arrow_forward
- Quarter 1 2 31 11 14 172 20 23 263 29 32 354 38 41 44Compute seasonal relatives for this quarterly data.a. Use the SA method.arrow_forwardphp?attempt=104149&cmid%330865 aline Services v OS Ticket system My Dispense Academic Calendar N My courses 3) v Q b) Calculate the weighted moving average for periods 7 through 10 using weights of 0.6, 0.3, and 0.1. n Lo S : Cha Weighted moving Period Actual average 1 64 2 84 3 91 4 97 115 6. 135 7. 137 8. 144 6. 153 10 171 beriods 7 through 10. Use 5.arrow_forwardThe consulting agency begins collecting data on actual population demand utilization. The first year s data is: Period March 2020 April 2020 May 2020 June 2020 Demand 31,550 40,125 38,243 35,311 32,207 32,125 35,700 40,620 n Period Demand September 41,482 2020 October 2020 November 2020 December 2020 January 2021 38,450 February 2021 33,330 38,348 34,722 36,190 July 2020 42,810 August 2020 44,230 What is the forecast demand for March 2021 considering trend and seasonality?arrow_forward
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