Final Uncertainty 2009-2010 w answers

Final Uncertainty 2009-2010 w answers - University of...

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University of Pittsburgh BUSQOM 0050 Quantitative Methods Final EXAM 2 - Uncertainty Fall 2009 PLEASE READ CAREFULLY THE INSTRUCTIONS BELOW: Be sure to put your name on both the Answer Book as well as on the top of this page of the Exam Questions. This is a closed-book exam for which you have 50 minutes. All of your answers should be written in the Answer Book. The use of calculators, computers and cell phones in not permitted during the exam. Because of the limited space between students in the classroom, please cover your answers as much as possible (a proctor may occasionally remind you to do this). Both the Answer Book and the Exam Questions must be handed in at the end of the exam. We will carefully monitor the exam to ensure the highest possible level of fairness. Any cheating will result in a score of zero on the exam and will be brought to the attention of the Dean’s Office. I hope you find that the exam is a fair reflection of the lectures, the assigned readings, the end-of-chapter exercises, and the homework projects.
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Demand Demand Day Region 1 Region 2 1 35 11 2 21 23 3 33 25 4 39 15 5 27 21 6 17 26 7 13 36 8 34 33 9 24 19 10 29 13 1. Inventory Simulation A company has warehouses in 2 regions, each of which supplies the daily demand to customers in its region. The following simulated demand for each region has been generated for 10 days. Each night the company flies in enough units into each region to start the next day off with 28 units in Region 1 and 22 units in Region 2. Note that based on the 10 days above, Region 1 will exceed its daily starting amount of 28 units on 5 of the 10 days. Region 2 will also exceed its daily starting amount of 22 units on 5 of the 10 days. The company is considering a consolidation of its 2 warehouses into one central location that would supply both regions. Each night the company would fly in enough units into the consolidated region to start the next day off with 50 units. The company wants to determine how effective the consolidated warehouse would be in meeting the demand in
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Final Uncertainty 2009-2010 w answers - University of...

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