What is the optimal production quantity for the card

Assignment Help Operation Management

Reference no: EM1381483

Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on which the card is printed is $0.95 per card, and the cost of printing is $0.40 per card. The company receives $4.10 per card sold. Since the cards have the current year printed on them, unsold cards have no salvage value. Their customers are from the four areas: Los Angeles, Santa Monica, Hollywood, and Pasadena. Based on past data, the number of customers from each of the four regions is normally distributed with mean 5,100 and standard deviation 515. (Assume these four are independent.)

What is the optimal production quantity for the card? (Round your answer to the nearest whole number.)

Reference no: EM1381483

Questions Cloud

Explain the mass and atomic number of the element : 32P is an unstable isotope of phosphorus that has a half-life of 14.29 days. Atoms of this isotope undergo beta decay in which a neutron decays into a proton and an electron.

Race-based interaction patterns : Entire impact of race-based interaction patterns in our society. Massey makes the point that spatial mobility is a barrier to social mobility-what is your interpretation of this concept?

Non-traditional threats to our national security : Why has the Intelligence Community had to adapt with the end of the Cold War and the emergence of more and more non-traditional threats to our national security?

Enzyme that removes hydrogen from fatty acids : Assume you treated butter with a fatty acid desaturase, an enzyme that removes hydrogen from fatty acids and creates double bonds.

What is the optimal production quantity for the card : Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on which the card is printed is $0.95 per card

Feminization of poverty : What is feminization of poverty? What factors are responsible for keeping women uneducated and poor in the USA, and around the world? Is it plain old male tyranny?

Suppose the production manager is asked to reduce : Suppose the production manager is asked to reduce the safety stock of this item by 45 percent. If she does so, what will the new service probability be

Create a diagram for a hydrocarbon with 5 carbons : Create a diagram for a hydrocarbon with 5 carbons with a double bond between carbons 2 and 3 and structural isomer with the same number of carbons and hydrogens.

Determine ones complement of sum eight-bit bytes : UDP and TCP use 1s complement for checksums. Assume you have the following 3 8-bit bytes: 01010101, 01110000, 01001100. Determine the 1s complement of sum of these 8-bit bytes?

User Account

All Pages