Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Problem -
Leonard Presby's newsstand uses naive forecasting to order tomorrow's papers. The number of newspapers ordered corresponds to the previous day's demands. Today's demand for papers was 22. Presby buys the newspapers for $.20 and sells them for $.50. Whenever there is unsatisfied demand, Presby estimates the lost goodwill cost at $.10. Complete the accompanying table, and answer the questions that follow.
Demand
Probability
21
.25
22
.15
23
.10
24
.20
25
.30
Day
Papers Ordered
Random Number
Revenue
Cost
Goodwill Cost
Net Profit
1
27
2
19
3
52
4
8
5
6
61
a) What is the demand on day 3?
b) What is the total net profit at the end of the 6 days?
c) What is the lost goodwill on day 6?
d) What is the net profit on day 2?
e) How many papers has Presby ordered for day 5?
Discuss nonprofit organizations roles and responsibilities in a democratic local government environment. Specifically, discuss a nonprofit organizations roles and responsibilities in relation to your local government or a local government you are fam..
What is ethical and unethical when the company design a printers and the ink catridges will work only if made in the same region. i.g. ink catridges from U.S. will not work in Asia.This will prevent consumers from buying the product at a lower price ..
How would you define power in your own words? How does power differ from authority? From influence?
Would you rate them low, medium, or high with respect to profitability? · Would you rate them low, medium, or high with respect to risk? · What is your recommendation to management? Why?
problem 1nbsp as you know utility functions incorporate a decision makers attitude towards risk. lets consider that the
How does consumer demands affect a company's business decision. How does different ethical perspectives guide ethical decision making. How does a company influence their ethical environment.
Discuss and give real life examples of the difference between managing and supervising, the sources of formal and informal power, and behaviors that managers should demonstrate.
Market Products receives kits of parts from a supplier. Each kit contains all of the small parts required for an assembly. The kits are boxed in quantities of 50, and boxes are delivered directly to point of use racks in the assembly area. Each time ..
Describe a scenario in which your company has lost the trust of a customer because of mishandling sensitive customer information. As the CEO of the company, how would you address the problem? (Hint: remember the key elements of an effective apology.
A company using an EOQ policy enjoys rising annual demand for their products for three consecutive years. Their holding cost and ordering cost remain constant during this time. Which one of the following statements is TRUE?
Describe briefly the nature of the organization itself, its Operations and Quality Management systems and how these systems improved and contributed to the organization's current success.
Data was collected from a textile finishing process. Samples were collected daily and the number of nonconformities were recorded.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd