Local club is selling christmas trees

Assignment Help Operation Management
Reference no: EM131791300

A local club is selling Christmas trees and deciding how many to stock for the month of December. If demand is normally distributed with a mean of 200 and standard deviation of 50, trees have no salvage value at the end of the month, trees cost $30, and trees sell for $60 what is the service level?

Reference no: EM131791300

Questions Cloud

Aware of audience member chief concern : Explain why presenters must be aware of audience member’s chief concern.
Supplier manufactures compact : If a supplier manufactures compact discs at $1 per unit and sells them to music store at $5 per unit.
Calculate the performance rating for this worker : calculate the performance rating for this worker, in percent.
Graphical solution procedure to determine feasible region : Use the graphical solution procedure to determine the feasible region. What are the coordinates of the extreme points?
Local club is selling christmas trees : A local club is selling Christmas trees and deciding how many to stock for the month of December.
About negotiation conflict : Nissan is suspending car production for the Japanese market after admitting unauthorised workers were certifying vehicles even after discovery of malpractice
Majoring in supply chain and operation management : As a student majoring in Supply Chain and operation management, what are you going to be doing after your degree?
What are potential benefits for mentor and for protegee : Why do companies develop formal mentoring programs? What are the potential benefits for the mentor and for the protegee?
The master production schedule is related to MRP : The master production schedule is related to MRP and the production plan in that. Typical uses of master schedule activity include which of the following?

Reviews

Write a Review

Operation Management Questions & Answers

  Desires to control inventory levels so as to minimize sum

desires to control inventory levels so as to minimize the sum of holding and order costs. It costs the firm $20 to place an order. Nike estimates its yearly inventory carrying costs

  Environmental risks and vulnerabilities for the two counties

Compare and contrast the social and environmental risks and vulnerabilities for the two counties you selected, I have selected Norman, Oklahoma and Charles County, Maryland, and summarize your findings. Describe the community capitals available an..

  Human resource management-unresolved bargaining

When the bargaining process breaks down between union representatives and company management, union members occasionally will vote to stop working until demands are met; if the majority wins, employees will go on strike. There are alternatives to ..

  Critical path method based on deterministic model

A project manager finds that a particular activity has a slack of 1 week when the activity is presented in a network diagram in CPM (Critical Path Method based on a deterministic model).

  Discuss what is meant by the term business model

Discuss what is meant by the term business model, and critically evaluate the role it plays the process of entrepreneurship?

  What common ground can you find between the parties

One party’s work organization, based in Washington, D.C., has recently begun a project in Wichita, Kansas. The project will require 15 to 20 employees to travel to Kansas and spend, on average, three weeks in residence there. How would you identify a..

  Differences between sampling frame and population

What is sampling frame? What are the differences between sampling frame and population?

  Determine company contribution to the pension fund

Each year, the Schriber Corporation must determine how much to contribute to the company's pension plan. The company uses a ten-year planning horizon to determine the contribution which, if made annually in each of the next ten years, would allow for..

  Despite fact that union membership is relatively low

Despite the fact that union membership is relatively low, many people believe that the fear of unionization ensures.

  Important part of this entrepreneur decision making process

Customer feedback is an important part of this entrepreneur’s decision making process. Referring to the innovative decision making techniques described at the end of the chapter, how would you categorize “getting feedback”? Why is feedback valuable i..

  Basic assumptions and sampling processes required

Many variations of control charts are required due to the basic assumptions and sampling processes required.

  Historical demand for a product is demand

Historical demand for a product is DEMAND January 16 February 14 March 18 April 16 May 19 June 18 a. Using a weighted moving average with weights of 0.50 (June), 0.20 (May), and 0.30 (April), find the July forecast. Using a simple three-month moving ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd