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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.
What changes in the environment or the company might lead Lincoln Electric's employees to become more interested in unionization? How likely do you think such changes are to occur?
Think about a healthcare organization you know and conduct a quick TOWS (Threats, Opportunities, Weaknesses, and Strengths) assessment, focusing primarily on the external environment. Post the results of your assessment and discuss one external envir..
Taking the initiative to write to companies even though they? haven't announced a job opening that is right for you is called? __________. Staging mock interviews can help you identify? self-defeating nonverbal behaviors and speech mannerisms. Is thi..
Cloud computing has come into the marketplace over the past few years. What are some advantages of using a cloud-based solution? Would this be something your past or current organization could utilize? Why or why not?
Mattress Wholesalers, Inc., is constantly trying to reduce inventory in its supply chain. Last year, cost of goods sold was $7.5 million and inventory was $1.5 million. This year, cost of goods sold is $8.6 million and inventory investment is $1.6 mi..
Why are vision and mission statements important to strategic development? How might leaders and managers view and use vision and mission statements differently?
Discuss the various elements of strategic leadership. Do you believe that one’s propensity to become a leader is an acquired skill or that the ability to be a leader is something that individuals are born with? How well do you know yourself?
Consider the following two-person zero-sum game. Assume the two players have the same two strategy options. The payoff table shows the gains for Player A.
Decided to institute a policy of over-booking like larger hotel chains
Determine the advantages of creating an EVP for a company or a division within a company. Support your position with evidence or examples.
How do you explain Kenny's acceptance by so many other people and the respect they have for him. Can all supervisors operate the way Kenny does- and be effective? Explain your answers.
Suppose that a recently-healthy firm has just defaulted, has been liquidated, and where the firm's assets were worth $100 million before the liquidation. Finally, suppose that the firm was able to recover 100% of the firm's value in liquidation (i.e...
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