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Consider two products A&B that have identical cost, retail price and demand parameters and the same short selling season ( the summer months from May through August). The newsvendor model is used to manage inventory for both products. Product A is to be discontinued at the end of the season this year, and the leftovers will be salvaged at 75% of the cost. Product B will be reoffered next summer, so any leftovers this year can be carried over to the next year while incurring a holding cost on each unit left over equal to 20% of the product's costs. How do the stocking quantities for these products compare?
a. stocking quantity of product A is higher
b. stocking quantity of product B is higher
c. stocking quantities are equal
d. the answer cannot be determined from the data provided
Explain what is meant by the term "what-if analysis". Discuss the four ingredients of an effective training program for process safety.
How important is proofreading? In business how much damage can come from a lack of proofreading? As a manager how you can both become a stronger proofreader and stress the importance to your employees? Explain. Why or Why not? How?
Effects of power on organizational structure: Identifies sources and effects of power on organizational structure, and Recommends how to evaluate organizational design/strategy in a global operations environment.
When ads are placed are a major consideration in marketing. How does the company know when and where to place ads
GX Corporation is developing a new innovative product. To launch the product, fixed costs are set at $140,000. Variable Costs are set at $75. They desire to break even by selling 1,000 units.
The purpose of this simulation project is to provide you with an opportunity to use the POM-QM for Windows software to solve a linear programming problem and perform sensitivity analysis.
Describe two unethical practices of some financial managers in preparing financial statements that could hurt their company. (b) Describe three potential causes of errors in preparing projected (i.e., pro forma) financial statements for a company for..
Successful Emergent Strategy There are times when the best strategies are simply unplanned and happen. When these “emergent” strategies are born (often out of conflict) it is important to be flexible in order to be successful. It is also important to..
Describe and define crowdfunding (sometimes shown as crowd funding). But sure to include the different approaches to crowdfunding, including equity funding. What are the advantages to the movie producer?
Create a decision flowchart to be used in prioritizing IT projects. Evaluate whether to upgrade or replace the existing ERP system, using the decision flowchart.
An example of scope verification is:
Gangnam Corp is a South Korea-based music entertainment company, but is interested in launching a new line of clothes and sunglasses under the brand name PSY in hopes of becoming an international phenomenon. They have surveyed the clothing industry a..
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