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Supplier of chemicals and equipment used by photographic

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Reference no: EM131711553

Foto Color is a Des Moines supplier of chemicals and equipment used by some photographic stores to process 35mm film. One product that Foto Color supplies is? BC-6. Brad? Meyer, president of Foto? Color, normally stocks? 11, 12, or 13 cases of? BC-6 each week. For each case that Brad? sells, he receives a profit of? $35.

Because? BC-6, like many photographic? chemicals, has a very short shelf? life, if a case is not sold by the end of the week Brad must discard it. Because each case costs Brad? $56, he loses? $56 for every case that is not sold by the end of the week. There is a probability of 0.45 of selling 11? cases, a probability of 0.35 of selling 12? cases, and a probability of 0.2 of selling 13 cases.

?a) What is your recommended course of? action?

The appropriate decision is to stock ______? (11, 12, or 13) cases, which has an EMV=?$_____ ?(round your response to two decimal? places).

?b) If Brad is able to develop? BC-6 with an ingredient that stabilizes? BC-6 so it no longer has to be? discarded, how would this change your recommended course of? action?

The appropriate decision is to stock _______ (11,12, or 13) ?cases, which has an EMV=?$ ______ ?(round your response to two decimal? places).

Reference no: EM131711553

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