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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?
A student team in a business statistics course wanted to determine if there was a difference in average download times for the three different types of computers
Given the projected demands for the next six months, prepare an aggregate plan that uses inventory, regular time, overtime, subcontract and backorders. Regular time is limited to 170 units per month (Cost per Unit = $30 ).
Education is often used as an indicator of a person's socioeconomic status. Historically, the number of years of schooling completed has been recorded in the census of population as a measure of education. Comment and support your reasoning
decide the average time in system, number of passengers completing check-in and the average length of the check-in queue.
what types of strategic plans must wild west make? Is the "doing-nothing" viable? If Wild west's mission appears too broad, which business would you trim first?
For this discussion, research and find one corporate university (that is not Hamburger U) and identify how that program is used and why it is important to the corporate development process.
The cost of placing an order to replenish stock is $10 also the annual cost of holding is $4 per book's Stock is received five working days after an order has been placed. No backordering is allowed. Assume 300 working days a year. Illustrate what..
a sample of 150 individuals (males and females) was surveyed, and the individuals were asked to indicate their yearly incomes. The results of the survey are shown below.
ABC Airlines has calculated the total costs (fixed and variable) for the passenger service flights between Los Angeles, California and Orlando, Florida. The two methods used were the high-low method and the least squared method.
Average business manager is not likely to know about or use Federal Registry. Discuss whether or not it is important for average manager in today's business climate to use Federal Registry on a regular basis.
You are an OD consultant for the Working Better Group. The President of a firm, BARTH Inc., requested a meeting with you to explore how you can help him
Can you separate workplace stress and personal non-work related stress? What would you say is the difference between anxiety, burnout, stress, and tension?
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