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As Christmas is getting closer Bronco store also need to place an order for Christmas decorations. Specifically you are planning to order high quality glass ornaments. These ornaments are hand blown and the process takes a long time so you cannot place another order until Christmas. Each of these ornaments cost $20 but you can sell them at $40. Because of the high interest rates you only keep the Christmas decorations until Christmas and then sell them all to an online outlet website for $5 apiece. Assume the demand for the ornaments has a continuous uniform distribution between 50 and 150.
If you want to stick with the CEO's stock out rule how many ornaments should you order before the season?If you ignore the CEO's stock out rule how many ornaments should you order before the season?After showing the result of your calculations to the CEO, she agrees that for these certain items you can relax the stock out rule. But she also emphasizes that these calculations have been achieved by ignoring the goodwill cost. She believes that since people prefer to do all of their Christmas shopping in one place, for every ornament that you are in shortage you will incur a cost of $15 in revenue of other items. Considering this cost, how many ornaments should you order before the season?
How high should the goodwill cost be so that the CEO's stock out rule holds?
Social responsibility activities and contributions are mandated legally for large multinational global corporations by the World Bank and the United Nations.
A student must select 10 electives from four different departments, with at least one course from every department. Explain how should the student select the courses.
Sharp Discounts Wholesale Club has two service desks, one at each entrance of the store. Customers arrive at each service desk at an average of one every six minutes.
Sturbucks sells coffee in more than 62 countries, with more than 19,000 stores world wide... and it will open up to 50 coffee shops, starting in 2014 in Colombia, country ranked #4 in the world in coffee production and Starbucks being the main buy..
The monthly sales for Telco Batteries, Plot the monthly sales data on a sheet of graph paper and Forecast January sales for the new year.
Illustrate what is service factor for this system. Illustrate what is average number of these machines in service. Illustrate what impact on machines in service would there be if a second technician were available.
Does your company's compensation plans help to attract and retain people with the right skills, knowledge and motivation to help the company succeed
Using what you have researched and studied throughout Modules 1 - 7, write a report addressing a quantitative analysis (QA) project
Elucidate how appropriate might a just in time inventory system be for a product such as roller skates. Illustrate what opportunities are therefore Rollerblade managers to see themselves as selling services, instead of simply roller skates.
What are the motivational implications of organizations having reserved parking for certain members ?
find deployed at Progressive insurance and briefly explain the role of that product in enabling Progressive's business. Use a list to prepare your response and be sure to respond to both parts of the question.
What were the impacts of the fur trade on society in major dimensions of the business environment, that is, economic, culture, technological, natural, government, legal, and internal?
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