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A local pharmacy orders 15 copies of a monthly magazine. Depending on the cover story, demand for the magazine varies. Historical records suggest that the probability distribution of demand is Poisson with a mean of 10. The pharmary purchases the magazines for $2.25 and sells them for $5.00. Any magazines leftover at the end of the month are donated to hospitals and other health care facilities. Model this newsvendor problem in Excel. Test your model to show the corresponding profit when demand for the month is 5, 10, 15 or 20 magazines.
please post excel and show formulas too please.
How can the PM reduce the potential effect of these factors and obtain resource commitment as the project is implemented?
how does good communication enhance that? Or for critical thinking, how does the ability to compare and contrast competing ideas lead to better information literacy?
What is clinical competence? What role does competence play in professional practice? Look up the statutes for your state and share the requirements for licensure as a psychologist or other licensed behavioral health practitioner. (200 words if po..
Determine graphically the feasible region (FR) of the LP. Find the coordinates of all extreme (corner) points of the FR. Solve the LP obtained using graphical method. How many optimal solutions does the LP have?
The Chinese contractor has approached you and suggested that the new Chinese construction standards are unnecessarily high
Due to new duties assigned to Fred (your boss), he is not around much. Communication with Fred has been difficult. Chapter 4 lists eight ideas to break down communication barriers. Explain each idea and how you would apply it to the communication pro..
Consider your own workplace. Do you work for a company, the military, or at a nonprofit institution such as a hospital? Describe your organization's buying center and how it adds value by procuring what your organization needs to conduct its business..
A local nursery greens uses 1560 bags of plant food annually. Green works 52 weeks per year. It costs $10 to place an order for plant food. The annual holding cost rate is $5 per bag. Lead time is one week.
what are the characteristics of standard normal distribution? the hr department of an organization collects data on
A suburban specialty restaurant has developed a single drive-thru window. Customers order, pay, and pick up their food at the same window. Arrivals follow a Poisson distribution while service times follow an exponential distribution. If the average n..
Barrett Industries invests a large sum of money in R&D; as a result, it retains and reinvests all of its earnings. In other words, Barrett does not pay any dividends, and it has no plans to pay dividends in the near future. What is the present value ..
obtaining a competitive advantage is an important aspect of management today because organizations exist in a more
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