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Formula Sheet

This document contains formulas for various statistical and quantitative analysis techniques including break even analysis, regression, queuing theory, inventory management, project management, hypothesis testing, and the p-value method. Key concepts covered are formulas for break even point, regression line, correlation, queuing characteristics like average time in system, and formulas for economic order quantity, project timelines, test statistics, and p-values.

Uploaded by

Jonelle Morris-Dawkins
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© © All Rights Reserved
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Download as DOCX, PDF, TXT or read online on Scribd
96 views

Formula Sheet

This document contains formulas for various statistical and quantitative analysis techniques including break even analysis, regression, queuing theory, inventory management, project management, hypothesis testing, and the p-value method. Key concepts covered are formulas for break even point, regression line, correlation, queuing characteristics like average time in system, and formulas for economic order quantity, project timelines, test statistics, and p-values.

Uploaded by

Jonelle Morris-Dawkins
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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FORMULA SHEET

Break even analysis



=

=

Regression & Correlation


=+

Where
=

=
2 2

Where:

= =


= =

() ( )
=
[ 2 ( )2 ][ 2 ( )2 ]

Queuing Theory
()
() =
!

=
= mean number of arrivals per time period
= mean number of persons or items served per time period
[Type here]

1) Ls = average number of units (customers) in the system (waiting) and being


served.

=

2) = Average time aunit spends in the system (waiting plus service times)
1
=

3) = Average number of units waiting in the queue


2
=
( )

4) = Average time a unit spends waiting in the queue



=
( )

5) =

=

0 = Probability of 0 units in the system (i.e. the service unit is idle)


1
0 =

2
[Type here]

Inventory Management
=
Where:
=
=
=

Total annual cost = annual ordering cost + annual holding costs (without
discount).

= () + ()
2
Where:
=
=
=
=
=

2
=

12
= ( )


= () + () + ( )
2
Where:
=

3
[Type here]

=
=
=
=

Project Management
PERT
+ 4 +
=
6
Where:
=
=
=

Critical Path Analysis


() = max ( )
Latest start time (LS) = latest time activity can start without delaying the project
()
() = min ( )
Slack = LS ES
Slack = LF EF
Critical path: Activities with 0 slack

4
[Type here]

Hypothesis Testing

=



Where:
Z = test statistic
=
=
=
=

P Value Method

=

Where:
Z = Test statistics or the standard deviation of the sample
=
=
=
=

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