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A local pharmacy orders 15 copies of a monthly magazine. Depending on the cover story, demand for the magazine varies. Historical records suggest that the probability distribution of demand is Poisson with a mean of 10. The pharmary purchases the magazines for $2.25 and sells them for $5.00. Any magazines leftover at the end of the month are donated to hospitals and other health care facilities. Model this newsvendor problem in Excel. Test your model to show the corresponding profit when demand for the month is 5, 10, 15 or 20 magazines.
please post excel and show formulas too please.
Discrimination based upon religion is unlawful. Does this mean that all religious practices are protected absolutely under the act? What actions, if any, must an employer take in consideration of an employee’s religious beliefs?
Formulate the problem as a linear program (define the decisions variables clearly, write the objective function and constraints in terms of those variables.) Two gasoline types A and B have octane ratings of 80 and 92, respectively. Type A costs $0.8..
Identify problems that you, as an employee, must deal with on a daily basis. Consider possible conflicts of interest you or others in your workplace must face. How does this affect decision making? Are these types of conflicts of interest avoidable? ..
What are the tradeoffs between profitability, risk, and control that should be considered when choosing between debt and equity?
Health care practitioners are ethically bound to respond to the needs of the patient at the end of life, but they are also ethically bound to practice fidelity. When asked in a survey if they would ever withhold the truth about a terminal or pre-term..
Select four tools and describe how they could be used for process improvement.
Describe the behaviors of leaders modeling excellence. How do you assess excellence and how does that inspire you to perform at a higher level?
Social security reform is needed; however, in the past when political leadership had called for such reforms, there was a groundswell of opposition to any efforts at reforming this particular entitlement. Discuss why this might be so in America?
Process Focus experiences extremely high utilization of equipment and facilities. Mass customization is a rapid, high cost producer of gods and services.
Discuss the types of social media used by your employer? If your employer uses none, you can discuss a past employer or suggest a few that should be used by your current employer. Which is the most effective and why? Suppose you created a company vid..
1.Describe the difference between an organization with a functional structure and one with a team structure.
Bill Penny has a repetitive manufacturing plant producing trailer hitches in Arlington, Texas. The plant has an average inventory turnover of only 12 times per year. He has therefore determined that he will reduce his component lot sizes.
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