Manufacturer reserve for the last day

Assignment Help Operation Management
Reference no: EM131330719

A manufacturer of industrial sales has production capacity of 1,000 units per day. Currently, the firm sells production capacity for $10 per unit. At this price, all production capacity gets booked about one week in advance. A group of customers have said that they would be willing to pay $15 per unit if capacity was available on the last day. About ten days in advance, demand for the high-price segment is normally distributed with a mean of 250 and a standard deviation of 100. How much production capacity should the manufacturer reserve for the last day?

Reference no: EM131330719

Previous Q& A

  What are the various types of force majeure

What are the various types of force majeure? Which type might be of greatest concern to an organization in Las Vegas? Oklahoma City? Miami? Los Angeles?

  What are the ethical aspects of mr wrongs action

Mr. Right and Mr. Wrong own an antique store in a partnership. How should Mr. Wrong have recorded the transaction? What are the ethical aspects of Mr. Wrong's action?

  What is the mood of the poem

What is the poem about - What is the mood of the poem? Does the mood of the poem change from the beginning to the end and what impact do mood, imagery and simile/metaphor have on you and the poem?

  Transportation problem by constructing appropriate cost

Formulate this problem as a transportation problem by constructing the appropriate cost and requirement table. Use the northwest rule to find an ibfs. Then use the transportation algorithm to find the optimal solution for this problem. (show your w..

  Discuss the health promotion and disease preventive care

It is important to promote the professional role of the nurse to provide health promotion and disease preventive care. Collaborating with other health care professionals and consumer groups in the community in redesigning health care can help meet..

  Observation of variation of position

Christakis' talk at 11:43 of the video and base your response on Christakis' observation of ‘variation of position' of individuals in a network when you aim to influence the larger population. Which social sub-group point(s) do you want to initial..

  Do you think this attack was the result of a virus or a worm

Other than installing virus and worm control software, what can SLS do to prepare for the next incident?

  What are the risk factors of men abusing their wives

What are the "Risk Factors" of men abusing their wives - What are the Risk Factors associated with Child Abuse? Please list 3 signs of "Child Neglect"?

  Impossible to satisfy realized demand

As the available capacity decreases with respect to the average demand it may be impossible to satisfy realized demand.

  Calculate cash accounts receivable and inventory balances

The current assets and current liabilities sections of the balance sheet of Allessandro Scarlatti Company appear as follows. Calculate the Cash, Accounts Receivable, Inventory, Accounts Payable and Notes Payable balances.


Write a Review


Similar Q& A

  What is your preferred style of conflict resolution

What is your preferred style of conflict resolution? Which style do you use for backup? When do you switch from your preferred style to your backup style and why?

  What if employers discontinued offering these benefits

Many employees today incorrectly believe that all benefits companies offer are required by law. Discuss some optional benefits that companies offer that American workers have come to expect. What if employers discontinued offering these benefits?

  Intentional tort is also available in negligence action

A nightclub failed to install the proper number fire escape ladders. A fire in the men's bathroom kills a man trapped in there. The failure to have the legally required number of fire escapes is legally the cause in fact of the legal injury suffered...

  Marketing demand-business need-customer request

Give an example of a project that is driven by each of the following needs. (Each need should have a different project described.) Marketing Demand. Business Need. Customer Request.  Technological Advance.

  Lean production methods reduce changeover

"As lean production methods reduce changeover and setup times and thus enable smaller economic lot sizes and less work-in-process inventory, is the importance of quality increased or decreased? Why?"

  Statute to ban advertising in bad taste

New Jeresey enacts a statute to ban advertising in “bad taste.” This statute would likely beheld by a court to be:

  Multi-tiered approach for compensation for each position

Construct a multi-tiered approach for compensation for each position. What types of criteria would you consider when determining how to compensate each position? Evaluate the process and the associated outcomes for the approach you constructed. Defen..

  Consider a dilemma

Consider a dilemma: You’re the director of a community-based human services organization that includes sites in several towns. A state budget crisis is threatening to reduce your funding by 30%. The head of the state funding agency suggests to you th..

  Profit-sharing plans

Define and discuss profit-sharing plans and also the advantages. Additionally, critics of profit sharing plans maintain that these plans do not motivate employees to perform at higher levels. Under what conditions are profit sharing plans not likely ..

  Considered managerial decision or semi structured decision

Which of the following is considered a managerial decision or semi structured decision?

  Determine two constraint equations for this lp problem

Determine two constraint equations for this LP problem, but do not solve! Hint: The number of constraint equations must equal the number of decision variables. Only two are required

  The prewriting process

Your organization relies heavily on teams to complete projects. Your boss wants you to develop a well-researched report on Hackman's comment. As you prepare to write this report, please respond to the questions below. Post your responses in the discu..

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd