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In January a sales manager estimates that there is only a ‘30% chance’ that the sales of a new product will exceed one million units in the coming year. However, he is then handed the results of a sales forecast. This suggests that the sales will exceed one million units. The probability that this indication will be given when sales will exceed a million units is 0.8. However, the probability that the forecast will give this indication when sales will not exceed a million units is 0.4. Revise the sales manager’s estimate in the light of the sales forecast.
Demand for the Desk Pro computer at Best Buy is fairly constant day-to-day at a rate of 1,000 units per month. Best Buy incurs a fixed order placement, transportation, and receiving cost of $4,000 each time an order is placed.
What is the purpose of risk capital? Why is economic capital important to financial institutions? How are risk capital and economic capital related
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Demand for a surgical procedure at St. Use the trend projection method to forecast demand in year 6. Please type only the forecast amount as a whole number by rounding.
Imagining yourself to be the customer, construct a House of Quality to provide the organization with your perspectives on what the important dimensions of quality are and how well the organization is currently meeting your needs. Determine what eleme..
Study two other air cargo carriers (do not use the same carriers you've listed in response to the item above) and compare them using any three of the following categories of criteria (or other categories of criteria of your choosing): countries servi..
This writing assignments calls for you to research the life of Lee Iacocca and discern what you think are Lee's three strongest leadership traits or characteristics, along with identifying at least one leadership trait that his critics disliked ab..
Identify three of the product types that are primary moved using the five modes of transportation
How does air cargo differ from the passenger business in terms of revenue management? Which areas are more complex, and which can be managed more easily? What is the purpose of selling long-tem capacity contracts? Does Lufthansa Cargo effectively rea..
A company has started a phone service that uses overseas doctors to provide emergency medical consultations. The responding doctors are based in a country with low wages but with a highly skilled pool of physicians.
Briefly describe the project initiation process, and what you see as the project initiation process’ strengths and weaknesses.
In the Cekada article, it is intuitively obvious that all training strategies have to be balanced with organizational constraints. List a couple that are evident in the article. Are any of these organizational constraints a valid reason for limiting ..
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