Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

On a Friday night, you are sitting in the office preparing for a meeting with a logistics service provider,Shawn, for next week. Last-mile delivery costs

image text in transcribedimage text in transcribed
image text in transcribedimage text in transcribed
On a Friday night, you are sitting in the office preparing for a meeting with a logistics service provider,Shawn, for next week. Last-mile delivery costs are a concern for KNIT'ting Industries. You are wondering if you can estimate a service providers transportation cost for a dedicated area. A textbook suggests that daily logistics cost (in Euros) for an area (1 (in square-kilometers) can be estimated as follows: 22*d+4*d2+205, Shawn says his daily costs to serve an area are 225 Euros. Calculate the area (in square kilometers) that the logistics provider covers with the cost using the equation above. Round your answer to two decimal places (9.9. if the result is 1.534 put in as an answer 1.53). Smeit You have used 0 of 15 attempts Part 2: Transportation Cost (cont'd) 0.0/2.0 points (graded) Consider the logistics cost equation given in Part 1 to answer the following question. The function is concave for d>0 The function is concave for negative values of d The function is convex The function is concave We can not say if the function is concave or convex None of the above Smeit You have used 0 of 15 attempts Part 3: Special Applications 0.0/4.0 points (graded) Save Save KNIT'ting Industries also has innovative applications for the industry One of their applications include developing color baths for knitting woolsl The color baths are mixed using two different ingredients - the color and an agent that makes the color more UV stable. Other ingredients go into the color baths that are not important to the analysis. The mix of the two ingredients depends on the product type (knitting wool variety). Consider two products SKU V57 (Product A) and T20 (Product B). You are asked to calculate the 'amount of blue color bath' for Product A and Product B. The following table indicates the amount of blue color (in liters) and UV agent (in liters) needed to prepare one litre of Product A and one litre of Product B. Blue Color (in liters) UV agent (in liters) Product A 0.228 0614 Product B 0.478 0365 Suppose you have to prepare the blue color baths for Product A and Product B at the same time, You have 302 liters of blue color and 686 liters of UV agent available. How many liters of Product A and Product B can you prepare using the available inventory of the color blue and the UV agent? Round your result to two decimal digit. Amount of Product A: Amount of Product B: Part 4: Total Production Cost 0.0/2.0 points (graded) Some customers in KNIT'ting Industries' B2B business can order larger quantities of colored wool. For this special order product the company assumes that economies of scale are present. The operations department head, Patrick, tells you that they currently estimate the total production cost TC (q) to produce an order of size q with the formula: TC (q) = a*q where a > 0 and b > 0. The operations department tells you that the total cost of a B2B-order is T'C = 508 if the order volume is q = 16. They assume that the parameter a = 25. Find the value of parameter b. Round your result down to three decimal digits. For example, if your result is 2.3215 put in 2.322 Submit You have used 0 of 15 attempts Save

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Understanding Analysis

Authors: Stephen Abbott

1st Edition

6610189684, 9786610189687

More Books

Students also viewed these Mathematics questions

Question

3. An initial value (anchoring).

Answered: 1 week ago

Question

4. Similarity (representativeness).

Answered: 1 week ago