Reference no: EM13993762
Mr. Dan Brown, owner of the New England Seafood Store, has the only seafood store in town that carries Maine lobsters. The demand for lobsters has been sufficiently high to warrant continued air transportation of lobsters from Boston. However, Mr. Brown cannot order too many lobsters because of the ever-increasing holding costs and limited salt water space. Mr. Brown asked his son-in-law, Stuart Little, a recent graduate of a business college, to give him some help in determining the best inventory policy for lobsters.
After looking over the past records, Stuart identified the following: D = 4000 lobsters per year Ch = $0.50 per lobster per year Co = $40 per order (including air freight) LT = 3 days The store operates 300 days per year. Quantitatively analyze the situation and answer the following multiple choice questions. First, Determine the optimal order quantity , Q*, for lobsters.
Determine the optimal order quantity Q* for Lobsters:
Determine the Demand Rate Per Day:
Determine the optimal reorder point:
Compute the total variable inventory cost with the optimal Q* and R*:
|
Strategic alliance-identify three recently formed alliances
: Using an Internet search engine, search for “strategic alliance,” and identify three recently formed alliances. For each alliance, identify whether the companies’ other products are generally competitors or complementary products. What are the goals ..
|
|
What is the direction of the torque when coil is oriented
: What is the direction of the torque when the coil is oriented as shown in part (a) of the figure? Calculate the value of the potential energy U, when the coil is oriented as shown in part (a) of the figure.
|
|
The average value of a loyal customer
: A manufacturer of business copier workstations has a 75 percent customer retention rate. Their accounting department estimates the incremental contribution to profit and overhead as 40 percent. Customers purchase the workstations every three years at..
|
|
Determine the average defection rate
: A guest at Raphael's Four-Star Italian Restaurant generally spends $150 on a meal. Most of Raphael's customers are from nearby localities and eat at the restaurant twice a month. If the restaurant's margin is 60 percent, and a loyal customer is estim..
|
|
Determine the demand rate per day
: Mr. Dan Brown, owner of the New England Seafood Store, has the only seafood store in town that carries Maine lobsters. The demand for lobsters has been sufficiently high to warrant continued air transportation of lobsters from Boston. Determine the o..
|
|
Find a description of a training program
: Using the Internet, find a description of a training program. Consider the learning process and the implications for the learning process for instruction discussed in the chapter. Evaluate the degree to which the program facilitates learning. Briefly..
|
|
What are the responsibilities of cpcos management
: What are the responsibilities of CPCo's (a) management and (b) audit committee in response to the allegations of improper accounting (potential fraud)? In other words, what actions, if any should be taken upon becoming aware of the initial general..
|
|
What is an electron diffusion current
: What is an electron diffusion current? And what does it have to do with semiconductors?
|
|
How is the lcd placed into the 4-bit data mode
: 1. How is the LCD placed into the 4-bit data mode? 2. How is the cursor in an LCD positioned to a specific, user-selected location on the display? 3. Given the state of RS, E and R/W~, and the data (in hex) needed to send an 'H' to the LCD for disp..
|