Pricing with dependent demands covington

Assignment Help Operation Management
Reference no: EM13835773

Pricing with Dependent Demands Covington Motors is a car dealership that specializes in the sales of sport utility vehicles and station wagons. Due to its reputation for quality and service, Covington has a strong position in the regional market, but demand is somewhat sensitive to price. After examining the new models, Covington's marketing consultant has come up with the following demand curves.

The dealership's unit costs are $17,000 for SUVs and $14,000 for wagons. Each SUV requires 2 hours of prep labor, and each wagon requires 3 hours of prep labor. The current staff can supply 320 hours of labor.

  • Determine the profit-maximizing prices for SUVs and Wagons. (Round off any fractional demands.)
  • What demand levels will result from the prices in (a)?
  • What is the marginal value of dealer prep labor?

Attachment:- Module7nHomework8.xlsx

Reference no: EM13835773

Vf brands-global supply chain strategy

It was August 2009. Chris Fraser, president, Supply Chain International for VF Brands, was driving to his office just outside Milan near Lake Como. On this sunny morning, th

Lean came to prominence in the academic literature

Lean came to prominence in the academic literature during the mid-1980s as a result of the increased curiosity surrounding the ‘secret’ of practical Japanese manufacturing tec

Netshell is a video streaming company based on amazon

Netshell is a video streaming company based on Amazon's cloud computing platform. At the beginning of every year, Netshell has to decide how much daily streaming capacity (in

Somerset furniture company global supply chain

Somerset Furniture Company's Global Supply Chain The Somerset Furniture Company was founded in 1957 in Randolph County, Virginia. It traditionally has manufactured large, medi

How many workers will douglas need to add in able

How many workers will Douglas need to add in able to meet the 25% increase in demand - This new process will require that the ovens be loaded by hand, requiring additional man

Develop key performance indicators for financial targets

Develop key performance indicators (K.P.I.) for operational and financial targets and amend existing operational plans to include KPIs and financial targets rela

Analyze an operations process in a local organisation

To briefly describe and analyse an operations process in a local organisation in your country or region, and to explore this process by applying at least one of the core con

What is the source of power that ryan holds

Ryan is clearly in a difficult situation. She just started at a new company and is already contending with conflict. As she prepares for her difficult conversation with Gretch

Reviews

Write a Review

 
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