Use the following information for the next 3 questions: A product is to take 30 hours to be delivered to a customer and shipping costs are $2700. If the product is 8 hours or more late, the penalty is $500. Shipping costs decline at a rate of $50 for each additional hour of transit time allowed. 1. What is the optimal delivery time (y) that will minimize costs? - 33.2 hours - 31.2 hours - 32.2 hours - 30.2 hours - 34.2 hours - 35.2 hours 2. If the product is delivered in 34 hours, what is the Taguchi Loss Cost (L)? - $250 - $300 - $80 - $500 - $0 - $125 - $375 3. If the product is delivered in 36 hours, what is the Total Cost (Taguchi Loss Cost plus Process Cost)? - $2,700 - $2,681.25 - $2,400 - $2,396.75 - $2,250.30 - $2,543.50

Use the following information for the next 3 questions: A product is to take 30 hours to be delivered to a customer and shipping costs are $2700. If the product is 8 hours or more late, the penalty is $500. Shipping costs decline at a rate of $50 for each additional hour of transit time allowed. 1. What is the optimal delivery time (y) that will minimize costs? - 33.2 hours - 31.2 hours - 32.2 hours - 30.2 hours - 34.2 hours - 35.2 hours 2. If the product is delivered in 34 hours, what is the Taguchi Loss Cost (L)? - $250 - $300 - $80 - $500 - $0 - $125 - $375 3. If the product is delivered in 36 hours, what is the Total Cost (Taguchi Loss Cost plus Process Cost)? - $2,700 - $2,681.25 - $2,400 - $2,396.75 - $2,250.30 - $2,543.50

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter12: Queueing Models

Section: Chapter Questions

Problem 59P

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Question

Use the following information for the next 3 questions:

A product is to take 30 hours to be delivered to a customer and shipping costs are $2700. If the product is 8 hours or more late, the penalty is $500. Shipping costs decline at a rate of $50 for each additional hour of transit time allowed.

1. What is the optimal delivery time (y) that will minimize costs?

- 33.2 hours

- 31.2 hours

- 32.2 hours

- 30.2 hours

- 34.2 hours

- 35.2 hours

2. If the product is delivered in 34 hours, what is the Taguchi Loss Cost (L)?

- $250

- $300

- $80

- $500

- $0

- $125

- $375

3. If the product is delivered in 36 hours, what is the Total Cost (Taguchi Loss Cost plus Process Cost)?

- $2,700

- $2,681.25

- $2,400

- $2,396.75

- $2,250.30

- $2,543.50

Definition Definition Operation costing method employed to determine the value of a product at each process or stage of the production process, applicable where goods produced from a series of continuous operations or procedure. Process costing is employed by businesses that manufacture goods and where production is in repetitive inflow.

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