Political campaign, Operation Management

The Lady with the Plan needs to make campaign T-shirt to fund raise.  She is trying to decide how many to make for the coming political campaign.  During the campaign itself, which lasts one month, a T-shirt sells for $20.  Though, when the campaign ends, any unsold T-shirts are sold for $4 apiece.  It costs $8 to make a campaign T-shirt.  The Lady's calculates of the season's demand of T-shirts is as follows:

Demand Probability    
300        0.05
400        0.10
500        0.40
600        0.30
700        0.10
800        0.05

How many T-shirts should the lady stock for the upcoming campaign?

Posted Date: 3/25/2013 4:01:48 AM | Location : United States







Related Discussions:- Political campaign, Assignment Help, Ask Question on Political campaign, Get Answer, Expert's Help, Political campaign Discussions

Write discussion on Political campaign
Your posts are moderated
Related Questions
How would you go about developing a risk matrix? Give an example of the kinds of factors that should be evaluated.

1. What are an operations manager's responsibilities?  Answer: They design the operation; they plan and control activities by:  1. Developing an operations strategy  2. Un

Explain important traits are required for a coach of a cricket team. The three important traits needed for a coach of a cricket team are:- (i) Decisiveness - The coach is c

The scope overview and business case sections of the project charter provide the high-level "what and why" of the project

The linear program MAX 3A+4B St. -1A + 2b ? 8 1A+2B ? 12 2A+1B ? 16 A,B ? 0 1-write this problem in the standard form ? 2-Solve the problem using the graphical solution proced

Summer Tyme, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $3.9 million. The fixed asset will be depreciated straight-l

Lake Charles Seafood makes 500 wooden packing boxes for fresh seafood per day, working in two 10-hour shifts. Due to increased demand, plant managers have decided to operate three

The Bouchard Company's EPS was $6.96 in 2005, up from $3.34 in 2000. The company pays out 50% of its earnings as dividends, and its common stock sells for $40. a. Calculate the

An organisation has decided to outsource its IS function. Explain the main issues it needs to address. Having decided to outsource its IS function, there are a number of issue

1. What are the implications of not allocating material in a shop order after availability checking? 2. Provide some examples of static and dynamic scheduling problems.