Sells calendars featuring a different colonial picture

Assignment Help Operation Management
Reference no: EM13857324

The J&B Card Shop sells calendars featuring a different colonial picture for each month. The once-a-year order for each year’s calendar arrives in September. From past experience, the September-to-July demand for the calendars can be approximated by a normal distribution with μ=300 and standard deviation =20. The calendars cost $4.50 each, and J&B sells them for $10 each.

a) Suppose that J&B throws out all unsold calendars at the end of July. Using marginal economic analysis, how many calendars should be ordered?

b) If J&B sells any surplus calendars for $1 at the end of July and can sell all of them at this price, how many calendars should be ordered?

Reference no: EM13857324

Questions Cloud

Closed shop-the union shop and the agency shop : Define and differentiate between the Closed Shop, the Union Shop, and the Agency Shop. How does each designation affect hiring?
What are the five racial groups defined by the act : Are race and color distinctions mutually exclusive under the Civil Rights Act of 1964? Can two persons be of the same race but of different colors under the act? What are the five racial groups defined by the act?
Discrimination based upon religion is unlawful : Discrimination based upon religion is unlawful. Does this mean that all religious practices are protected absolutely under the act? What actions, if any, must an employer take in consideration of an employee’s religious beliefs?
Who should be involved in identifying risks : Assume you have just been assigned to a project risk team composed of five members. Your task, as project manager, is to develop a process for handling risks to the project. What methods should be used for identifying risks? Who should be involved in..
Sells calendars featuring a different colonial picture : The J&B Card Shop sells calendars featuring a different colonial picture for each month. The once-a-year order for each year’s calendar arrives in September. Suppose that J&B throws out all unsold calendars at the end of July. Using marginal economic..
How do you calculate the forecast error for one period : How do you calculate the forecast error for one period? What does a negative value mean? i.e. was the forecast overestimating or underestimating what really occurred
Simple moving average and weighted moving average : How can you make a forecast more responsive when using: 1) a simple moving average, 2) a weighted moving average, or 3) exponential smoothing? Answer for each method separately.
Process of cross-border mergers-acquisitions : Describe the formation process of cross-border mergers, acquisitions, and international joint ventures. What are the major differences?
Define the term operations management : Define Operations management. Explain the key concepts of Operations management with a schematic diagram. Define the term operations management. Briefly explain the strategic role of operations

Reviews

Write a Review

 

Operation Management Questions & Answers

  Member of the priority team in charge of evaluating

Your Discussion Board group has just become a member of the priority team in charge of evaluating and selecting film proposals. Use the provided evaluation form

  Linking managerial compensation to firm performance

What are the difficulties in adopting contingent pay (linking managerial compensation to firm performance) plans?

  Give your opinion after reviewing the scope planning and

give your opinion after reviewing the scope planning and wbs documents prepared by the just-in-time training project

  Research mothods on corporate issues

Do you agree that the success of corporations rests in their capability to communicate effectively, to convince stakeholders of their point of view, and persuade them to respond in a desired manner?'

  How is services marketing different from goods marketing

How is services marketing different from goods marketing? Please be specific, use relevant concepts and theories

  Develop a legally defensible decision-making approach

Evaluate the legal and ethical issues that must be considered to avoid disparate treatment or impact. Develop a legally defensible decision-making approach to selecting the final candidate.

  Describe the common grounds for discharge and the procedural

Describe the common grounds for discharge and the procedural requirements that are outlined in many collective bargaining agreements. State why the following are important when these cases go to arbitration.

  Selecting the best software packages for the firm

As part of the management team for PPQ Parts manufacturing company, you are tasked with selecting the best software packages for the firm's materials requirements planning (MRP), capacity requirement planning (CRP), and enterprise resource plannin..

  Describe the elements of lewin''s force field analysis model

Discuss the reasons people resist organizational change and how change agents should view this resistance. Describe the elements of Lewin's force field analysis model.

  Risks associated with research and development activities

Discuss the risks associated with research and development activities. How can a company minimize this risk?

  Market for performance-based yoga and fitness apparel

How strong are the competitive forces confronting lululemon in the market for performance-based yoga and fitness apparel? Use a five-forces analysis to support your answer? What does your strategic group map of the performance sports apparel industry..

  The text lists ten accident investigation mistakes

The text lists ten accident investigation mistakes to avoid. Pick five of the ten accident investigation mistakes that your course text lists as "mistakes to avoid," and discuss the reasons why those particular mistakes are critical to avoid during a..

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