MIDTERM EXAMINATION

1. Revenue of Super K Beverage Company are listed below

Years (Unit: package)
Month 2017 2018 2019 2020 2021 2022
1 600 620 630 X 600 620
2 850 X 865 865 850 860
3 630 750 X 630 630 750
4 430 850 425 535 430 X
5 200 240 320 250 200 240
6 850 X 895 895 X 870
7 630 680 670 630 630 680
8 X 850 X 445 530 850
9 300 220 230 230 300 220
10 750 860 865 X 750 860
11 630 850 650 630 X 850
12 X 850 725 735 830 X

a. What is the forecasting revenue for year 2023, using a Two-period moving average?
b. What is the forecasting revenue for year 2023, using a Three-period moving average?
c. What is the forecasting revenue for year 2023, using a Exponential Smoothing with
Trend? (α = 0.4, β = 0.6, F1 = 7.400, T1 = 0)
d. Determine the best forecasting revenue based on MSE (Mean squared error).
The results should be integer numbers.
Nếu số thứ tự sinh viên (STT) theo danh sách lớp ≤ 25 thì X = STT + 600. Nếu STT
>25 thì X = STT + 800
e. The manufacturing cost for each package are listed below:
Expenses Cost (vnđ)
Warehouse 30,000,000 vnđ/month
Materials 50,000 vnđ/1 package
Labor expenses 35,500,000 vnđ/month
Tax 20% total revenue
Operating expenses 15% total revenue
Marketing expenses 10% total revenue
Selling expenses 10,000 vnđ/1 package
Managerial expenses 10% total revenue
 Other expenses 6% total revenue
Determine the break-even point. According to the best forecasting revenue in 2022 from
question D, what should this firm do? Why?
The price for each package: (STT*1.000 + 500.000 VND) / package
2. Super K Beverage Company distributes a soft drink that has a constant annual demand rate
of Y1 packages, daily standard deviation is 10 cases. A package of the soft drink costs Super
K $2.5. Ordering costs are $22 per order, and inventory-holding costs are charged at 23
percent of the cost per unit. There are Y2 working days per year, and the lead time is 4
days.
a. Find the economic order quantity and total annual cost, and compute the reorder point
with safety stock to ensure 95% service level (z= 1.64).
b. Assume that the production rate is 100 cases/day. Find out the optimal quantity of
product.
c. Super K Beverage gets a special offer from their supplier with 10% discount for
the order with the number of products being higher than 700 units, and 20%
discount for the ordering number being larger than 1200 units. Should Super K
Beverage consider its EOQ again?

Y1 = The best forecasting revenue in 2023

Y2 = 260 – STT

3. Dan's Auto Detailing business performs two major activities: exterior cleanup and interior
detailing. Based on the size of the car and its condition, time estimates for six cars on
Monday morning are as follows:

Car number
A B C D E F
Exterior 30 37 Z+5 65 48 Z+10
Interior Z 46 20 43 25 52
Sequence the cars so that all Exterior detailing is done first and total completion time is
minimized. Illustrate them with Gantt chart.
Nếu STT < 25 thì Z = STT + 20; Nếu STT từ 25 trở lên thì Z = STT +5
4. A hospital emergency room needs the following numbers of nurses:
Day Mon. Tue. Wed Thur. Fri. Sat. Sun.
 Min. 6 8 9 7 T1 T2 5
number
Each nurse should have two consecutive days off. How many full-time nurses are required
and what is a good nurse schedule?
T1 = 6 (STT <= 10); T1 = 7 (10 < STT <= 20), T1 = 8 (20 < STT <= 30), T1 = 9 (STT>30)
T2 = 5 (STT <= 15); T2 = 6 (15 < STT <= 30), T2 = 7 (30 < STT <= 35), T2 = 8 (STT>35)