PM*** F5 June 2011 Exam was … Post your comments here and vote in Instant Poll ***

@mukxdon said:
difficult paper indeed...didn't tick the questions i attempted at the front of th booklet possible consequences??

@danny124 said:
for a demand of 350000 bags n in good weather condition. sales will be (9 -4)* 87500 ( less the unsold portion multiplied by 0.50.) did i miss anything

Thinking about it, did you get the 87,500 from multiplying the 350,000 by the probability?

My understanding wa sthat the table in part a) was just to work out possible profits, with the probabilities being used in part b)iii for the expected values.

@mudassirsiddiqui said:
throughput in a hospital case secnario
then maxim maximin and seasonal variation
then flexibudget
also demand and price equation also theory of sales mix contr variance

@platinumkp said:
in the payoff tables:

* if demand = production then its just the contribution times the number of bags
* if demand > production then there is no penalty and its just the contribution x the demanded units.
* if demand < production then its the contribution * demand - (unsold * 0.50).

Thats how you get the payoff table.

Then you can apply the mini max and the maxi max.... after that to get the expected values you just multiply each payoff table cell with the probability of that corresponding demand to get the value of x. Then sum all the productions to get the expected values... you then select the highest expected value out of the production choices.

Thats what I got at least. I can't remember the numbers but I do remember that the contribution from the 200,000 production level was $1m regardless of the level of demand.

@kotesh said:
Just wanted to double check that you flexed the budget to the actual sales of meals of 1650?
1560 - not 1650! I hope;)

@winnaman123 said:
735 = a + b1000
750 = a+ b850
not sure this is right, value of a is the price when 0 demand, which was 750, as price increased by $15 when demand fell by 1000. Price was 735 at 1000 demand, so 750 is 0 demand. a is 750.

solve simultaneously: a= 838; b= -0.1
therefore p= 835 - 0.1x

@samygold said:
Guys i did different when you have unsold if you are using the profit per unit (9-4) multiplied per the demand then you remove the COST OF PRODUCTION OF THE UNSOLD 4*unsold and then 0,5 per unsold (cost of disposal). HOPE I GOT IT RIGHT...

@eimearnid said:

@winnaman123 said:
735 = a + b1000
750 = a + b 850
solve simultaneously: a = 835; b= -0.1

therefore p= 835 - 0.1x

@jude28 said:
Friends:
Demand equation was 50,000-66.66Q.

a negative of 1000demand for each $15 price range gives a gradient of -66.67.
Feeding that into the equation 1000=a-(66.67 x $735) means a is 50,000.

The EV in Q1 - I suspect we only had to get the probability of the 3 numbers given, ie (.45 x 350,000) + (.25 x 280,000) + (.35 x 200,000).
Jude

@kotesh said:
Just wanted to double check that you flexed the budget to the actual sales of meals of 1650?

thats how i did as well so average meals per day is 65 n then i charged rest accordingly

Can anyone else tell me what they did?

@fbawany said:
I think ACCA really needs to get to grips with these papers. I mean every exam should be attempted by 10 randomly selected markers, and they should be given 2 hours rather than the 3 hr 15 mins given to students, and if all of them dont get at least 60%, then the exam should be re-written.

I know you're not meant to complete these exams, but just out of interest, is there anyone here who actually completely every part of this exam today?