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Question #1 [Basic Newsboy] A publisher sells books to Borders at $12 each. Borders prices the book to its customers at $24 and expects demand over the next two months to be normally distributed, with a mean of 20,000 and a standard deviation of 5,000. Borders places a single order with the publisher for delivery at the beginning of the two-month period. Currently, Borders discounts any unsold books at the end of two months down to $3, and any books that did not sell at full price sell at this price. a. Borders will consider this book to be a bestseller if it sells 25,000 copies. What is the probability that it is a bestseller? b. What order quantity maximizes Borders' expected profit? c. How much is this expected profit? d. What is the corresponding fill rate? e. How many books does Borders expect to sell at a discount? f. The marginal production cost for the publisher is $1 per book. How much profit does the publisher make given Borders' actions? Question #2 [Refund Contract] A movie studio sells the latest movie on DVD to Blockbuster at $10 per DVD. The marginal production cost for the movie studio is $1 per DVD. Blockbuster prices each DVD at $20 to its customers. DVD s are kept on the regular rack for a one-month period, after which they are discounted down to $5, Blockbuster places a single order for DVDs. Their current forecast is that sales will be normally distributed, with a mean of 10,000 and a standard deviation of 5,000. a. How many DVDs should Blockbuster order? b. What is its expected profit? c. What is the profit that the studio makes given Blockbuster's actions? A plan under discussion is for the studio to refund Blockbuster $4 per DVD that does not sell during the one-month period. As before, Blockbuster will discount them to $5 and sell any that remain. d. Under this plan, how many DVDs should Blockbuster order? e. What is the expected profit for Blockbuster? f. What is the expected profit for the studio? g. What should the studio do?
Your boss has informed you that CDC Software Business knows nothing about PPM and you will need to cover items below in your presentation. Explain why should CDC Software Business implement a PPM.
Suppose I am the operations manager of our company. Illustrate what are the potential benefits I will get from holding joint planning also meetings with the marketing also finance department
The foreman estimates which the value of the work actually finished is about $162, 000. Illustrate what are the spending also schedule variances for the project. Illustrate what are the SPI also CPI.
Suppose that management of Mytrle Air express believes that the probability of weak demand is 0.70. and the probability of weak demand is 0.3. Use the expected value approach to determine an optimal decision.
A Corporation which produces pleasure boats has decided to expand one of its lines. Discuss what other factors might be considered in choosing between expansions
Describe the roles of and relationships among the strategy, architecture, systems and technology processes that should exist in a successful organization's IT function.
This solution offers a brief discussion of how theory is employed in scientific research.
What process management issues in one facility not be a problem in the other? What competitive priorities are important for each?
Elucidate how many engines should Harley load onto each truck. Illustrate what is the cycle inventory of engines at Harley.
Explain how are the mean activity times and activity variances computed in probabilistic CPM/PERT analysis.
Illustrate what general steps should Hank follow in setting up a continuous improvement program for company.
Gives an example of a decision you or your organization has made recently. Express steps taken in making decision and analyze process to determine illustrate what decision-making model was used. Explain your rationale.
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