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Goop Inc needs to order a raw material to make a special polymer. The demand for the polymer is forecasted to be Normally distributed with a mean of 250 gallons and a standard deviation of 125 gallons. Goop sells the polymer for $25 per gallon. Goop's purchases raw material for $10 per gallon and Goop must spend $5 per gallon to dispose off all unused raw material due to government regulations. (One gallon of raw material yields one gallon of polymer.) If demand is more than Goop can make, then Goop sells only what they made and the rest of demand is lost.
Suppose Goop purchases 150 gallons of raw material. What is the probability that they will run out of raw material?
Suppose Goop purchases 300 gallons of raw material. How many gallons of demand on average would remain unfulfilled?
Suppose Goop purchases 400 gallons of raw material. How much should they expect to spend on disposal costs (in $s)?
Now, Suppose Goop purchases 425 gallons of raw material. How many gallons of demand on average would remain unfulfilled?
Can you explain why the probability of stockout and (un)Fill Rate in 2.5 and 2.6 might be different?
model for budgeting staff to provide the best servicea service itself cannot be inventoried since you cant have a
The 20th and 21st centuries have produced many business leaders, such as corporate giants like Jack Welch of GE, Daymond John of FUBU, Steve Jobs of Apple, and Herb Kelleher of Southwest
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View the Non Verbal Listening YouTube video and respond to the following questions. Please include complete sentences.
Postmodernist literature is stimulating to read because it can have all of the subsequent characteristics EXCEPT-A) Nonlinear constructions and storylines B) Metanarrative
Defined by the business dictionary, recruitment is, "The process of finding and hiring the best-qualified candidate (from within or outside of an organization) for a job opening, in a timely and cost-effective manner (Unknown, 2014)."
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Jim was promised a payment of $20,000 in 3 years in exchange for helping to take care of his grandfather now. What is the present value of that payment at 6% interest?
the mission at tires pluss headquarters and its 500 stores in 22 states is to encourage employees to be the same at
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