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Handi Inc., a cell phone manufacturer, procures a standard display from LCD Inc. via an options type of supply contract . At the start of q uarter 1 (Q1) Handi pays LCD $20 per option. At that time Handis forecast of demand in Q2 is n ormall y distributed with mean 20,000 and standard deviation 8000. At the start of Q2 Handi learns exact demand for Q2 and then exe rcises options at the fee of $40 per option (for every exercised option LCD delivers one display to Handi). Assume Handi starts Q2 with no display inventory and displays owned at the end of Q2 are worthless. Should Handis demand in Q2 be larger than the number of options held, Handi purchases additional di s plays on the spot market for $75 per unit.a. Suppose Handi purchases 15 ,000 op tions. What is the probability that he will need to do procurement on the spot market?b. Given that Handi purchases 15 ,000 options, what is the expected number of displays Handi will buy on the spot market?c. Given that Hand i purchases 15 ,000 options, what is the expected number of options that Handi will exercise?d. What is Handis expected total procurement cost given that he purchases 15 ,000 options?e. What is the fill - rate Handi implies by purchasing 15 ,000 options?f. How many options shou ld Handi purchase from LCD, Inc. ? (i.e. the optimum options)g. What is Handis expected total procurement cost given the number of purchased options from part f ?h. Suppose Handi were to procure exclusively from the spot market? What would be his expected procurement cost? What would be his fill - rate in this arrangement? Also, what is the mismatch cost he incurs with this arrangement?
What are strategic objectives? What is the purpose of strategic objectives? What makes an effective strategic objective?
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Describe the relationship between technical/traditional problem solving and creative/intuitive problem solving. Explain the importance of innovation to the success of individuals, organizational leaders, organizations, and nations.
Computes critical ratios for subsequent activities also specify which activities are probably on targeting also which need to be investigated. Comment on every activity. Elucidate what is your overall interpretation of this result.
Hottenstein, Giffith, and Hult, attorneys at law, do a great deal of printing. The firm uses a single type of printer with annual demand for print cartridges of 480 per year.
Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..
Gateway is a computer company that uses direct distribution to its customers in the U.S. Go to the Gateway web site (www.gateway.com) and think about how it is organized. Given that Gateway doesn't use different channels of distribution to reach diff..
A jewelry firm buys semiprecious stones to make bracelets and rings. The supplier quotes a price of $8.4 per stone for quantities of 600 stones or more, $9.5 per stone for orders of 400 to 599 stones, and $10 per stone for lesser quantities.
Based on your readings, what do you consider important when considering a make or buy decision?
Why do you think a project needs a champion? Do you believe that being a project champion might be the path to senior management in today's business world?
The widget market is competitive and includes no transaction costs. Five suppliers are willing to sell at the following prices: $30, $29, $20, $16, and $12.
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