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The Express was established as the town newspaper after the first year of operations. The daily demand remained at 500, the standard deviation of daily demand at 10.0 Armentrout retailed at $1 newspapers purchased from Sheen at $080 per copy Armentrout is responsible for unsold newspapers. Having virtually no competition from other newsstands and being firmly established in his store at the intersection of Center and Main Streets, Armentrout broadened his product line, offering coffee, soft drinks, and breakfast items such as muffins and bagels He had become t friendly with a number of customers who often shopped to discuss the latest news in the express. Inspired by the success of the Express and his newsstand, Armentrout decided to launch his own private-label newspaper A short, two-page newspaper. Ralph's Private Eye, news from around town with little analysis and no special section Consistent with its low-cost image, the Private was photocopied at the Kinkos store adjacent to Armentrout's newsstand. Hence, he carried no inventory, instead making copies as customers demanded them. The marginal Cost iv produce the Private which retailed .50 (well below the $1 that was charged by the Express) was $0.10 (i.e. the cost of photcopying two pages at Kinko's). Sheen believed that the Private posed no threat to the Express. "It's a rag" sheen exclaimed; one cannot imagine any consumer choosing the Private instead of the Express.Armentrout agreed that his newspaper was a rag and that no customer would choose the Private over the more expensive Express. but he observed that he regularly stocked out of the latter. He estimated that approximately 4O% of the customers who experienced a stock out of the Express, would switch to the Private. The Other 60% would not buy a newspaper at his stand on that particular day. Suppose that h is fixed at 2.25 hours so that the demand is normal with mean of 575 and standard deviation of 100. Determine: a) Optimal stocking quantity (Q1*, rounded to the nearest integer) of the Express and the expected order fill rate given Q1* b) If daily real estate costs for each additional newspaper were at approximately 3 cents (the scenario of 4.c), determine the corresponding new optimal stocking quantity (Q2*, rounded to the nearest integer) of the Express.
As part of a study for the Department of Labor Statistics, you are assigned the task of evaluating the improvement in productivity of small businesses.
illustrate what extend do you agree with assertion which "in managing people in current working environment, there is no need for Scientific Management concept also theories X also Y.
Riverside oil company in eastern Kentucky produces 3 different grades of gasoline. They are regular, premium, and supreme grades. Each barrel of regular grade sells for $82 while premium grade sells for $88 per barrel and supreme grade sells for $89 ..
Explain how that organization maintains or attempts to maintain competitive pros. Illustrate what do they do well. Illustrate what improvements could they make? Support your answer.
Identify the gender ratio or differences in the managing style of men also women in any sector/organization (Dubai specific) or gender gap in the UAE specific companies also its impact.
What activities would be included in the value added time of fast food hamburger preparation and delivery? Why are these part of the Value Added Time?
Stan Fawcett's company is considering producing a gear assembly that it now purchases from Salt Lake Supply, Inc. Salt Lake Supply charges $4 per unit with a minimum order of 3000 units.
Consider this: Lee Peterson has invented a new product that detects water leaks due to broken pipes and sends out an alarm similar to a smoke alarm
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Describe how the perpetual inventory system works. What are some advantages of using the perpetual inventory system?
The data for the last week follows: Day # of Non-conformities 1 2 3 4 5 5 10 23 20 15 Construct a 3 standard deviation c chart of non-conformities. Elucidate what the control chart tells you about the IRS telephone operators
If re were room to park only 2 boats at top of ramp in preparation for launching, explain how often an arrival would find out insufficient parking space. Explain why would you need to use linear programming to make a decision and not some or financ..
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