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Explain the use of outlet stores such as Saks Fifth Avenue in the context of revenue management. How does the presence of outlet stores help Saks? How does it help its more valuable customer, who is willing to pay full price?
Identify a real-life example or application of either the binomial or Poisson distribution. Specify how the conditions for that distribution are met.
Is it necessary for all team members to have good problem solving skills? Why or why not? What would you do with an employee who was committed to action, but had poor analysis skills?
If the organization comprises both a backup light bulb also a backup battery with each flashlight, illustrate what is the probability which the flashlight will perform reliably for one hour.
No one (or no organization) would make a decision based off of imperfect information. However, for a variety of reasons, many times organizations have had to function and make decisions based on imperfect information.
Alyssas Custom cakes currently sells 4 birthday, 1 wedding and 2 specialty cakes each month for $55, $155, and $105 each, respectively. Alyssas current multifactor productivity ratio is 1.35.
What are the keys to sustaining a focused low-cost strategy? How does a focused differentiation strategy differ from a broad differentiation strategy?
where v is the demand and p is the price. Develop the nonlinear profit function for this company and determine the price that will maximize profit, the optimal volume, and the maximum profit per month.
What dangers are inherent in NOT evaluating training programs?
Illustrate what are some straightforward also less straightforward items organization's needs estimates for; also explain how are these estimated also validated.
Enrollment in a particular class for the last four semesters has been 120, 126, 110, and 130. Suppose a one-semester moving average was used to forecast enrollment.
ABC Company, a manufacturer of roofing supplies, has developed monthly forecasts for roofing tiles. The forecasted demand and the expected production days for months March to August in 2013.
Knight, Inc., has issued a three-year bond that pays a coupon of 5.00 percent. Coupon payments are made semiannually. Given the market rate of interest of 3.70 percent.
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