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BUSINESS ANALYTICS
MM Blended Learning
Binus Business School
Binus University
Jakarta
2023
NMENT
DIPUTRA
Question :
Find the 10th and 90th percentiles and the first and third quartiles for the time difference between the
actual arrival times in the World Airline Data Excel file. Use formula (4.3), the Excel PERCENTILE.INC fun
and Percentile tool, and compare the results.
Flight Scheduled
Actual Arrival Time Difference Taxi-in Time
Origin Airport Arrival Time
Number Time (Minutes) (Minutes)
Scheduled Actual
Time Taxi-in
Flight Origin Arrival Arrival
Point Difference Time
Number Airport Time Time
(Minutes) (Minutes)
The correlation value is positive 0.687, this shows that there is a correlation between sales value (price) and land are
en sales value (price) and land area
Question :
Valencia Products makes automobile radar detectors and assembles two models: LaserStop and Speed
sell all it produces. Both models use the same electronic components. Two of these can be obtained on
supplier. For the next month, the supply of these is limited to 4,000 of component A and 3,500 of com
of each component required for each product and the profit per unit are given in the table.
a. Identify the decision variables, objective function, and constraints in simple verbal statemen
b. Mathematically formulate a linear optimization model.
Components
A B Profit/ Unit
Laser Stop 18 6 124 Component A
Speed Buster 12 8 136 Component B
260
Constraint 4,000 3,500 profit
Needed
For maksimum profit
Laser Stop 18 A + 6 B
Speed Buster12 A + 8 B
Resume
a. Function: Component A 18 A + 12 A <= 4000
Component B 6 B + 8 B <= 3500
LS SB Needed
18 12 3,996 ≤ 4,000
6 8 2,664 ≤ 3,500
1/17/2024
100.00
0.00
0.00 100.00
Annual Unit Costs, PD $37,500.00
Total Annual Cost, Tc $37,875.00
Setup/Order
Order Quantity, Q cost
62.50 750.00
83.33 562.50
104.17 450.00
125.00 375.00
145.83 321.43
166.67 281.25
187.50 250.00
208.33 225.00
229.17 204.55
250.00 187.50
270.83 173.08
291.67 160.71
312.50 150.00
333.33 140.63
354.17 132.35
375.00 125.00
395.83 118.42
416.67 112.50
437.50 107.14
458.33 102.27
479.17 97.83
500.00 93.75
520.83 90.00
541.67 86.54
250.00 0.00
250.00 375.00
r, and this usage is relatively constant throughout the year. These brackets are
is 2 days. The holding cost per bracket per year is $1.50 (or 10% of the unit cost), and
r.
Percentage of price
800.00
700.00
600.00
500.00
400.00
300.00
200.00
100.00
0.00
0.00 100.00 200.00 300.00 400.00 500.00 600.00
100.00
0.00
0.00 100.00 200.00 300.00 400.00 500.00 600.00
Increment by 20.833333
250.00
125.00
$187.50
$187.50
$37,500.00
$37,875.00
20
20
1/17/2024
Ross White
Data
Demand rate, D 2500
Ordering/setup cost, S 25
Holding/carrying cost, H 1.48 10% Percentage of price
Daily production rate, p 50
Days per year or ... 250
... Daily demand rate, d 10 10 Enter the days per year in the data area in the row
Unit price, P 14.8
Production
Results
900.00
Optimal production quantity, Q* 324.92202806877
Maximum Inventory Level 259.93762245502 800.00
Average Inventory 129.96881122751
700.00
Number of Setups 7.6941536246685
600.00
Holding cost IDR 192.35 500.00
Setup cost IDR 192.35
400.00
200.00
100.00
0.00
0.00 100.00 200.00 300
400.00
300.00
200.00
Total cost, Tc IDR 37,384.71
100.00
0.00
0.00 100.00 200.00 300
Setup/
Total c
Production Setup/
Order Quantity, Order Holding
Q cost cost Total cost
81.23 769.42 48.09 817.50
108.31 577.06 64.12 641.18
135.38 461.65 80.15 541.80
162.46 384.71 96.18 480.88
189.54 329.75 112.21 441.96
216.61 288.53 128.24 416.77
243.69 256.47 144.27 400.74
270.77 230.82 160.29 391.12
297.85 209.84 176.32 386.16
324.92 192.35 192.35 384.71
352.00 177.56 208.38 385.94
379.08 164.87 224.41 389.29
406.15 153.88 240.44 394.33
433.23 144.27 256.47 400.74
460.31 135.78 272.50 408.28
487.38 128.24 288.53 416.77
514.46 121.49 304.56 426.05
541.54 115.41 320.59 436.00
568.61 109.92 336.62 446.54
595.69 104.92 352.65 457.57
622.77 100.36 368.68 469.04
649.84 96.18 384.71 480.88
676.92 92.33 400.74 493.07
704.00 88.78 416.77 505.55
324.92 0.00
324.92 384.71
r in the data area in the row above or enter the daily demand rate in this row
ANSWER :
a. Daily demand rate = 10
b. optimal production quantity = 324.922028069
c. optimal quantity time = 6.49844056138 days
Inventory sold during time = 64.9844056138 days
d. Maximum inventory level = 259.937622455
Average inventory level = 129.968811228
Annual Holding cost = IDR 192.35
e. Number of production each year = 7.69415362467
annual setup cost = IDR 192.35
f. Optimal production run size = IDR 37,384.71
Annual inventory cost = IDR 37,000.00
g. ROP = 15
FROM PROPOSED PLANT
TO
Blue Earth
Ciro
Des Moines
Capacity
CALCULATION
TO
Blue Earth
Ciro
Des Moines
Capacity
TO
Blue Earth
Ciro
Des Moines
Capacity
Value
FROM PROPOSED PLANTS
EAST ST. LOUIS ST. LOUIS
$ 29 $ 27
$ 30 $ 28
$ 30 $ 31
150 150
LCULATION
$ 17,250.00 If we have to use both plant sources, so that the minimum value of transportation used to and fro
sportation used to and from the destination is obtained to meet demand