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The owner of a newsstand believes that the demand is uniformly distributed for the newspaper between 10 and 100. The paper costs 70 cents, which sells for $1.25. For each unsold paper, the owner receives 30 cents credit.
Create a simulation model using Excel and run it for 100 days.
a) What is the average profit of the newsstand if the owner decides to buy 75 papers every day?
XYZ, Inc. is making decisions and taking actions with regard to pricing, promotion, and product design of the company's products.
a military project specifies a lighting fixture that is unique and is the centerpiece for a large conference room. the
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The lead time for paper delivery is normally distributed with a mean of 4 days and a standard deviation of 1 day. A 97% service level is expected. Compute First's ROP.
Define the principal criteria that might be used for locating each of the following facilities
ABC Co manufactures a subcomponent at the rate of 400 per day when required. Its annual demand for this item is 50000 unites. Assume 250 working days per year.
A small, undocumented change resulted in the collapse of the VA system, largely due to the high interrelationship between its applications. Illustrate what is the positive side of this high degree of interconnection; also explain how do these benef..
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