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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 80 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 of all unused raw material due to government regulations. (Assume one gallon of raw material yields one gallon of polymer with no extra cost.) If demand is more than Goop can make, then Goop sells only what they made and the rest of the demand is lost. Suppose Goop purchases 150 gallons of raw material. What is the probability that they will run out of raw material?
A cell phone service sells 48 subscriptions each month if their monthly fee is $30. Using a survey, they find that, for each decrease of $1, 6 additional subscribers will join. What is the Demand Function (price as a function of quantity)? Determine ..
A small building contractor has recently experienced two successive years in which work opportunities exceeded the firm's capacity. The contractor must now make a decision on capacity for next year.
Having been in a good business for years, a bakery shop is now considering an upgrade. Currently, the shop mainly operates manual processes with only $1,500 fixed cost a year and $40 for each cake it produces. Hilda, the owner is reviewing two altern..
imagine that you are the leader of a team of retail associates at a sports equipment store.identify and describe at
within the discussion board area write 250-300 words that respond to the following questions with your thoughts ideas
What is the most effective forecasting model to use when planning for future demand? What role does forecasting play in the supply chain of any company that deals with "build to order"?
What are some of the possible biases and points of error that may arise in team communication systems? Use relevant research and citations. Please provide relevant work or project examples to support your thinking.
What is the value of the mean absolute deviation (MAD) for the forecasting technique whose forecasts for four past periods and the subsequent actual values are given below?
Draw a process flow diagram of the process described in the case. Be sure to identify the key resources involved and the task times at each step.
Can the decision really be reduced to a set of discrete alternatives? Are there some factors that can't be listed and quantified, such as beauty and morality?
Lockouts are legal as long as: a. there is no evidence of bad intent b. there is evidence of non-violent attempts to break a union c. there is physical force involved d. there is not any physical force involved
Give a brief explanation of why or why not, and be sure to address each of the four questions that comprise this problem.
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