Use the Table Below to Answer the Following Question(s) -Given That Q = Order Quantity, D = Annual Demand

question 49

Multiple Choice

Use the table below to answer the following question(s) .
Shirley Templeton is a real estate agent for Paralol Realty.Shirley is given the responsibility to manage potential customers for 5 of the Realty's bungalows.These 5 bungalows are situated in close proximity.In order to make traveling easire, Shirley decides to move to a location closer to the 5 bungalows.The table below gives the location (X and Y coordinates) of the 5 bungalows along with the number of trips she would have to make to each bungalow.Create a nonlinear model based on the data given in the table below noting that the objective is to reduce the weighted distance between Shirley's accommodation and the 5 bungalows.
$\begin{array}{l}\text { Bungalow Location }\\\begin{array}{|l|l|l|l}\hline & & & \\\hline \text { Data } & \text { X-coordinate } & Y \text {-coordinate } & \text { Trips/Month } \\\hline \text { Location } & 0 & 0 & 6 \\\hline \text { Bungalow 1 } & 25 & 100 & 30 \\\hline \text { Bungalow 2 } & 20 & 75 & 15 \\\hline \text { Bungalow 3 } & 90 & 80 & 28 \\\hline \text { Bungalow 4 } & 60 & 100 & 10\end{array}\end{array}$

-Given that Q = order quantity, D = annual demand, C = unit cost of the item, C₀ = cost per order placed, i = inventory carrying charge per unit, which of the following represents the holding cost per unit?

• A)D/Q
• B)iC
• C) (D/Q)C₀
• D)iCQ/2

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Definitions:

Data Mining

The process of discovering patterns and knowledge from large amounts of data. The data sources can include databases, data warehouses, the Internet, and other data repositories.

Pivot Tables

A feature in spreadsheet software that allows users to reorganize and summarize selected columns and rows of data in a spreadsheet.

SPSS Syntax

A programming language used in the SPSS software for performing data analysis, manipulation, and visualization.

Programming Language

A formal language comprised of a set of instructions that produce various kinds of output, used by programmers to write code that is executable by computers.