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It normally relies on departmental forecast and preregistration records to determine how many copies of a text are needed. Preregistration show 90 operations management students enrolled, but bookstore manager Curtis Ketterman has second thoughts,based on his intuition and some historical evidence. Curtis believes that the distribution of sales may range from 70 to 90 units, according to the following probability model.
Demand 70 75 80 85 90Probability .15 .30 .30 .20 .05
This textbook costs the bookstore $82 and sells for $112. Any unsole copies can be returned to the publisher, less a restocking fee and shipping for not a net refund of $ 36.
A) Construct the table of conditional profitsB) How many copies should the bookstore stock to achieve highest expected value?
Promotion which I would like to run would be spelling of a 7 letter word. This promotion would be run over a period of 30 days. There will only one card per shoe dealt which will allow a random drawing of a set of pre determined letters.
Illustrate what is probability that demand will be greater than or equal to a given inventory level (P) such that (or where) expected marginal profit will equal expected marginal loss.
Briargrove is taking proposals for a Centralized Learning Network to be rolled out first in the corporate office in Dallas, TX and then across the organizational footprint.
What is the number of containers currently in use? If the number of parts a container holds is increased to 24 parts, how many containers are needed?
Do you think that it would have made sense for the city to consider the particulars of the circumstances here, such as that these were life guards, in a remote location
Description of expected benefits also types of costs involved in performance also career management system.
State your opinion regarding impact of conducting business with this country also ramifications of doing so or not doing so. Illustrate what your recommendations will be to CEO of your company also support your recommendation.
Sunny Park Tailors has been asked to make three different types of wedding suits for separate customers. The table below highlights the time taken in hours for (1) cutting and sewing and (2) delivery of each of the suits
state wether you wold use Raoult's law or Henry's law to perfom vapor-liquid equilbrium calculations for each component in the following liquid mixtures
Pretentious your budget is zero, provide a justification of Explain why your report will work. Within your explanation, Classify expected benefits also types of costs
With the adult and even teen markets for cell phones quickly becoming saturated, the industry looks to other segments. The growth market for the cell phone industry in the near future is children aged 8 to 12- or even younger.
What is the minimum number of workstations needed if the output rate (in part a) is to be sought?
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