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Daily sales of a perishable food product are known to be either 8, 9, 10, or 11 cases with probabilities 0.1, 0.3, 0.4, and 0.2, respectively. The cost of producing one of these is $4 while the selling price is $7. Cases not sold during the day are sold to a food processing plant for $1 each, but cases can only be produced in the morning before the store opens. If you wish to maximize expected profit, how many cases should be produced each day?
Determine the total costs of ordering and holding inventory for the year to see how much could they save by ordering the EOQ amount when they order paper once a week
John's Locomotive Works manufactures a model locomotive. It comes in two versions--a standard (X1), and a deluxe (X2). The standard version generates $250 per locomotive for the standard version, and $350 per locomotive for the deluxe version. One co..
An automobile emissions testing center has six (6) inspectors and tests 50 autos per hour. What does the math look like
Illustrate what management roles would Vincent be playing. had weekly security briefing conference calls with co-employees around the globe, assessed the feasibility of adding a new network security consulting service.
You are an independent consultant, and you have been approached by a company called Gerusa. Gerusa is a company of former Soviet scientists who have developed a method of killing cancer cells with light in a process called Photodynamic Therapy
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.
Discuss two options to prepare for this change using existing employees. Validate your options with substantiating cost/benefits information.
Are there differences between Microsoft's and Apple's organizational Cultures? Why did Apple's organizational culture disrupt the company?
Describe key elements required to provide proper healthcare from financial and operative perspectives, while maintaining focus on disbursements of healthcare services.
The General Store at State University is an auxiliary bookstore located near the dormitories thatsells academic supplies, toiletries, sweatshirts and T-shirts, magazines, packaged food items, and canned soft drinks and fruit drinks.
A total of $10,000 is available for promotion each week in this city. The soda producer seeks to maximize its weekly profit. Formulate also solve an appropriate optimization model to help this soda producer identify the best promotional strategies..
Develop a model that will determine your total cash situation during the next academic year, and define all of the model components.
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