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Explain the concepts of the product life cycle and identify the four phases of the product development cycle. Make sure you define the strategies used in each phase.
How would you characterize Best Buy's competitive strategy? Should it be classified as a low-cost provider strategy? A differentiation strategy?
The cost of baking a cake is $5 and demand is estimated to be normally distributed with a mean of 30 and a standard deviation of 6. What is the optimal stocking level?
What are the two main goals of effective management of working capital? What do you think are your company's two main goals of its working capital?
How good a job is the company doing with their online marketing? If you search for them on Google are they in the number 1 position or hard to locate? What might they do to improve their visibility?
With whom should Maddux place the order for the inserts, and how many should he order each time and what is Maddux's total cost for programs with inserts for the season?
What is the current capacity-number of orders that can be completed in one night? How much time will it take to complete an order? How much available time do you have each day? What is your time utilization based on the above?
What is the economic order quantity? Calculate the annual inventory holding costs based on the average inventory level and annual holding cost per box
Discuss the concept of the ‘long tail' in relationship to Netflix's business model/strategy and how this concept has evolved with the company's transition to streaming video.
What is the average time a customer is in the shop?
Describe explicitly the optimal inventory system for DeskPro. Draw the corresponding inventory-time diagram. Explain how the inventory system works, what is the optimal order amount
illustrate what is largest standard deviation in grams that machine that fills bar molds can have and still be considered capable if average fill is average fill is 340 grams.
Burrito king would like to know the expected average time in the system, the average line length (in cars) and the average number of cars in the system (both in line and at the window).
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