Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The Express was established as the town newspaper after the first year of operations. The daily demand remained at 500, the standard deviation of daily demand at 10.0 Armentrout retailed at $1 newspapers purchased from Sheen at $080 per copy Armentrout is responsible for unsold newspapers. Having virtually no competition from other newsstands and being firmly established in his store at the intersection of Center and Main Streets, Armentrout broadened his product line, offering coffee, soft drinks, and breakfast items such as muffins and bagels He had become t friendly with a number of customers who often shopped to discuss the latest news in the express. Inspired by the success of the Express and his newsstand, Armentrout decided to launch his own private-label newspaper A short, two-page newspaper. Ralph's Private Eye, news from around town with little analysis and no special section Consistent with its low-cost image, the Private was photocopied at the Kinkos store adjacent to Armentrout's newsstand. Hence, he carried no inventory, instead making copies as customers demanded them. The marginal Cost iv produce the Private which retailed .50 (well below the $1 that was charged by the Express) was $0.10 (i.e. the cost of photcopying two pages at Kinko's). Sheen believed that the Private posed no threat to the Express. "It's a rag" sheen exclaimed; one cannot imagine any consumer choosing the Private instead of the Express.Armentrout agreed that his newspaper was a rag and that no customer would choose the Private over the more expensive Express. but he observed that he regularly stocked out of the latter. He estimated that approximately 4O% of the customers who experienced a stock out of the Express, would switch to the Private. The Other 60% would not buy a newspaper at his stand on that particular day. Suppose that h is fixed at 2.25 hours so that the demand is normal with mean of 575 and standard deviation of 100. Determine: a) Optimal stocking quantity (Q1*, rounded to the nearest integer) of the Express and the expected order fill rate given Q1* b) If daily real estate costs for each additional newspaper were at approximately 3 cents (the scenario of 4.c), determine the corresponding new optimal stocking quantity (Q2*, rounded to the nearest integer) of the Express.
How would you measure customer profitability? What approach would you use in maximizing customer lifetime value? Explain.
List several of the major differences between manufacturing and service operations and then articulate the importance of a strong manufacturing base to the overall economy.
Calculate the cost per hire for the following scenario. Show your calculation for partial credit. If you only provide one number, and it is incorrect, I will not know how close you were to getting it right.
Summarize the major advantages and limitations of a conjoint study for new product design.
A multiple regression model, Monthly Salary = 0.75 + 0.015 (Age) + 0.52 Sex, was developed to predict the monthly salary (in $1,000s) of the employees using age.
Elucidate how many customers, on average, are waiting in line in front of each service desk. Elucidate how much time does a customer spend at the service desk (waiting plus service time).
Calculate the takt time for the scenario in a system where the total time per shift is 460 minutes, there is two shift, and workers are given one 15-minute break and 30 minutes for lunch
Beth advertised her 2005 Corvette for sale on the Internet. In her advertisement, she falsely stated that the vehicle had only been driven 60,000 miles when in fact it had been driven 160,000 miles.
The work center makes products in batches ranging from one unit to one hundred units. Assuming capacity is not a limitation on either machine, on which batches should machine B be used.
Once a dentist orders supplies from her supplier, it takes 20 days to receive them (i.e., the lead time is 20 days). A quick check of the stock of anesthetic indicates that 900 bottles are on hand.
Explain the role of ethics and social responsibility in developing a strategic plan,considering stakeholder needs.
The existing method involved assembles taking individual springs from a box containing several hundred also then placing two of them behind an ON button also two more behind an OFF button. Illustrate what was the poka-yoke shin go created.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd