3 views

Uploaded by Mohamed Farag Mostafa

assignment 1 sol

assignment 1 sol

© All Rights Reserved

- Estimating Real Estate Price Movements
- ch04.pdf
- Chapter 8
- How to Get Started With Design-expert (2)
- Socioeconomic Determinants of Loan Repayment among the Agric. Loan Schemebeneficiaries in Kaduna State. A Case Study of Unity Bank PLC.
- Epsl 0706 236 Epru Appa
- ARTICULO CO KRIGING
- PurifiedSentimentIndicatorsfortheStockMarket5.04.09
- 7.Applied-disclosure of Corporate Information-Aizhan Baimukhamedova
- 16 Review of Part II
- Regression Analysis
- datamining-ss17 (1)
- Stata Learning Module
- Professional Realty Word
- Quiz Solutions
- xin zhang final project
- Mockmidterm2015_1
- bnad277 ch
- Regression
- daun atas

You are on page 1of 9

Assignment 1

Forecasting:Problem 1:-

year

1

2

3

4

5

6

7

8

9

10

11

12

demand

50.7

55.4

59.6

61

58

60.5

66

70.5

77.8

87.6

94.8

100.7

Demand

120

100

80

60

40

20

0

0

10

12

Page | 1

14

MENG 5245

Assignment 1

120

100

80

60

40

20

0

0

10

12

14

X Variable 1

Y

Intercept

X Variable 1

Coefficients

42.31666667

4.292307692

Predicted Y

Where (a) is Intercept & (b) is the Slope

year

Demand

13

98.11666667

14

102.4089744

15

106.7012821

Page | 2

MENG 5245

Assignment 1

Year

Regr. Data

Graph.

Data

Error

13

98.1166667

108

14

102.408974

15

106.701282

Sq. Error

Abs. %

Error

-9.88333

9.8833333 97.680278

10.07%

111

-8.59103

8.5910256 73.805722

8.39%

120

-13.2987

13.298718

176.8559

12.46%

-10.591

10.591026 116.11397

10.31%

BIAS

Abs.

Error

MAD

MSE

MAPE

C)

Correlation Coefficient:

Can be calculated manually using the equation:

Regression Statistics

Multiple R

0.944574488

R Square

0.892220962

Adjusted R

Square

0.881443059

Standard Error

5.641437805

Observations

12

R=0.94457

As the correlation coefficient is close to 1. We can assume that there is positive strong relation

between both. Which means that every coming year the demand will increase.

Page | 3

MENG 5245

Assignment 1

Page | 4

MENG 5245

Assignment 1

Page | 5

MENG 5245

Assignment 1

Problem 4:-

So the cost of make Decision per year will be = 0.23X

&

So to determine whether to make or buy we need to make Break-Even Analysis to

determine the point which has the same cost for both decisions.

0.23X = 4166.66 + 0.08X

So, X = 27777.78 Miles. Which means that if the number of miles driven per year

exceeded 27777.78 the purchase decision will be the least cost alternative.

Example:

If X = 30000

Make Decision Cost = 0.23*30000 = $ 6900

Buy Decision Cost = 4166.66 + 0.08*30000 = $ 6566.66

If X =25000

Make Decision Cost = 0.23*25000 = $ 5750

Page | 6

MENG 5245

Assignment 1

Problem 5:-

Now we calculate the equivalent uniform annual cost (EUAC) :EUAC = 35000(A/P,n=8,i=20%) + 2000 4000(A/F,n=8,i=20%)

From Tables shown in next page we can find that A/P = 0.26061 & A/F = 0.06061

So, EUAC = 10878.91 LE

5000 * (4.98+5.60) + 10879 = 63779 LE

Cost of one unit = 63779/5000 = 12.76 LE

Lets assume that X is the raw materials cost & Y is the cost of making 5000 units

So, Y = 72500 LE

So, X = 6.724 LE

So the Decision will not be affected as long as the raw materials cost is less than 6.72 LE

Page | 7

MENG 5245

Assignment 1

Problem 6:-

A) For the Semi-automatic machine :

Make Cost

Buy Cost

7000 + 0.05 X

0.1 X

So, X = 140000 Doughnuts (must be sold annually so that both costs are equal)

For the Automatic machine:

Make Cost

13000 + 0.035 X

Buy Cost

=

0.1 X

So, X = 200000 Doughnuts (must be sold annually so that both costs are equal)

B) If X = 500000 Doughnuts the most profitable alternative is :

1- Semi-automatic Cost = 7000+(0.05*500000)=32000 LE

2- Automatic Cost = 13000+(0.035*500000)=305000 LE

3- Purchase Cost = 0.1*500000=50000 LE

Obviously the most profitable alternative is to make with the automatic machine.

C) To know the number of doughnuts required to produce the same net income for

both of the machines :7000 + 0.05 X = 13000 + 0.035 X

So, X= 400000 Doughnuts

For Semi-automatic the net income = 7000 + 0.05 (400000) = 27000 LE

For the automatic the net income = 13000 + 0.035(400000) = 27000 LE

Page | 8

MENG 5245

Assignment 1

Page | 9

- Estimating Real Estate Price MovementsUploaded byAnonymous 8ooQmMoNs1
- ch04.pdfUploaded byDhanushka Rajapaksha
- Chapter 8Uploaded byFanny Sylvia C.
- How to Get Started With Design-expert (2)Uploaded byMore
- Socioeconomic Determinants of Loan Repayment among the Agric. Loan Schemebeneficiaries in Kaduna State. A Case Study of Unity Bank PLC.Uploaded byIOSRjournal
- Epsl 0706 236 Epru AppaUploaded byNational Education Policy Center
- ARTICULO CO KRIGINGUploaded byJuan Antonio Vera Moraga
- PurifiedSentimentIndicatorsfortheStockMarket5.04.09Uploaded byJonathan Lewis
- 7.Applied-disclosure of Corporate Information-Aizhan BaimukhamedovaUploaded byImpact Journals
- 16 Review of Part IIUploaded byRama Dulce
- Regression AnalysisUploaded byShivani Pandey
- datamining-ss17 (1)Uploaded bySun Java
- Stata Learning ModuleUploaded byMichael Ray
- Professional Realty WordUploaded byKamal Ahmmad Munna
- Quiz SolutionsUploaded byVikas Singh
- xin zhang final projectUploaded byapi-386201662
- Mockmidterm2015_1Uploaded byPETER
- bnad277 chUploaded byapi-453892811
- RegressionUploaded byWaqas Mehmood
- daun atasUploaded byDanar Fahmi Sudarsono
- Zulfahmi_REGRESUploaded byIkram Az
- 15103903 Multiple Regression (1)Uploaded byMuhammad Haris
- OutputUploaded bysiti khodijah
- Optimization of ultrasound-assisted extraction ofglycyrrhizic acid from licorice using responsesurface methodologyUploaded byErica Resende
- RegressionUploaded byPaula Davis Cancio
- ANEXOSUploaded bySamantha Isabel
- SAS ats1Uploaded byAmitmse
- Regressi OnUploaded byfansuri80
- analisis bivariatUploaded bykahar
- Hasil OlahUploaded byAlifiana Chaterine

- VISUAL INSPECTION OF WELDS.pdfUploaded byr0m14r
- 0420 PV 201 Globe Valve Data SheetUploaded byMohamed Farag Mostafa
- BP West Nile DeltaUploaded byMohamed Farag Mostafa
- Institutional Strengthening 7 Supply Chain ManagementUploaded byMohamed Farag Mostafa
- Transition to LeanUploaded byMohamed Farag Mostafa
- 2. 1-2015 Guide for KGSP at KNU(Brochure)Uploaded bysamer iqbal
- US Manufacturers Should Seize the MomentUploaded byMohamed Farag Mostafa
- 46329746.pdfUploaded byMohamed Farag Mostafa
- DefectUploaded byDinesh Radhakrishnan
- WIT-TPV.pdfUploaded byMohamed Farag Mostafa
- Nondestructive Inspection by Phased Array Ultrasonic Method for Steel StructureUploaded byadleronur
- 1_DucharmeUploaded byRonny
- LEAN ppt (1)Uploaded bykmsteam
- Lean Manufacturing Case StudyUploaded byMohamed Farag Mostafa
- Handout_TPS & LeanUploaded byMohamed Farag Mostafa
- 2-Lecture 2 SlidesUploaded byMohamed Farag Mostafa
- lean101_train_the_trainer_slides.pptUploaded byTuan Newlin
- AMC LEAN in Minnesota PresentationUploaded byMohamed Farag Mostafa
- 05 - Internal AuditUploaded byMohamed Farag Mostafa
- Syllabus 317Uploaded byMohamed Farag Mostafa
- Bus Polices and Procedures v 1.7Uploaded byMohamed Farag Mostafa
- 2015 Market Research Report on Global Industrial Grade Silicon IndustryUploaded byMohamed Farag Mostafa
- 2015 Guide for KGSP at KNU (en)Uploaded byMohamed Farag Mostafa
- Lean in Six StepsUploaded byMohamed Farag Mostafa
- Rallying Behind LeanUploaded byMohamed Farag Mostafa
- Solution Assignment 1Uploaded byMohamed Farag Mostafa
- The BullWhip EffectUploaded byMohamed Farag Mostafa
- DistributionUploaded byMohamed Farag Mostafa
- Market AnalysisUploaded byMohamed Farag Mostafa

- EN_WHS2018_Part1.pdfUploaded byIwan Suryadi Mahmud
- EST-Principles of CommunicationUploaded byBryx William Garcia
- United States v. Norman Hayes, A/K/A Norman James Hayes, A/K/A Shadreck Travond Khayatuthelezi, 104 F.3d 360, 4th Cir. (1996)Uploaded byScribd Government Docs
- End Time: Manifestation of the sons of GodUploaded byNyxstory
- sainath College Of Nursing, KatniUploaded byFabin Jose
- 4390fall2006 (1).docUploaded byAbdullah Al Masum
- Butterflies W JavaUploaded byMauLidia Achmad Rukun Marmy
- Audit Checklist (ISO) Internal Audit.xlsUploaded bynithyachatsu
- Apostila de Ingles InstrumentalUploaded byrpwobeto1
- Cos to Vertebral Joint Dysfunction- Another MisdiagnosedUploaded bymmmakii
- 105224417 Benihana Case Study DiscussionUploaded byAnkit Sutariya
- 1.Procedural LawUploaded byKristina Samsa
- L Multimedia Messaging Center Eng Silat[1]Uploaded byKamalendra Jangam
- Clermont FinalUploaded bylbaker2009
- Cann_Joe & Floyd_P. a. - Oceanic Basalts (1991)Uploaded byGalaxad García
- English Grammar - Unbiased LanguageUploaded byChiby Mirikitufu
- Civil_Law_Case_Digests.docUploaded byGil Ray Vergara Ontal
- Teachability of CSUploaded byAjša Hadžić
- The SeductionUploaded byEsmeralda Arredondo
- Don't Drop the CoffinUploaded byNostromo21
- Lesson 08Uploaded bySheikh Muhammad Abdullah Arshad Altaf Malik
- Orientation, Training & DevelopmentUploaded byShahroz Khan
- optimizationUploaded byNattapat Bunyuenyongsakul
- Visualization of Natural History Dioramas - Dr Edward MifsudUploaded byEdward Mifsud
- Npk FertilizerUploaded byAnonymous XYzsI6YeX
- ASPPB Code of Conduct 2005Uploaded bygfish6
- AbmUploaded bychmscem
- autoethnographyUploaded byapi-308816848
- CantileverUploaded byNasir Roslan
- lesson plan pdhpe 1 1Uploaded byapi-265542260