User Account

All Pages

What is the probability of stock

Assignment Help Operation Management
Reference no: EM13221386

Suppose that Joe, and APICS certified analyst, informs that he has heard about a new form that in the event of a stock? out, guarantees to provide overnight as many additional units as needed for a premium of $10/unit. Joe also believes that providing a $10 discount on the purchase (in case of a need for overnight delivery) will assure that no customers are lost.

(c) Under this scenario, how many units should be ordered?
(d) What is the probability of stock?out under this scenario?
(e) Should Flextora Inc implement the policy proposed by Joe?

 

Reference no: EM13221386

Questions Cloud

Monitor accountability through performance management : Create and monitoraccountability through Performance management/ measurement at HOD level for effectiveness and efficiency of all internal and external services delivered.
Revenue and cost : Phil Keogan is considering a bid for the hotdog and softdrink concession at the 14 basketball games for the Cagayan Unigames. There will be seven college games and seven professional games.
Compute how many moles and grams of aluminum chloride : Calculate how many moles and grams of aluminum chloride can be made from 2.70 g of aluminum and 4.05 of chlorine. find the mass of aluminum chloride 2Al(s)+3Cl3(g)---2Alcl3(s).
Coca a corporation of turkey is engaged in the production : How would your answer change if the "U.S. net equity" of the branch was $1,650,000 at the end of 2012? How much tax would be owed?
What is the probability of stock : Suppose that Joe, and APICS certified analyst, informs that he has heard about a new form that in the event of a stock? out, guarantees to provide overnight as many additional units as needed for a premium of $10/unit.
Compute an approximate atomic radius for copper : The coinage metals -- copper, silver, and gold -- crystallize in a cubic closest packed structure. Use the density of copper (8.95 g/cm3) and its molar mass (63.55 g/mol) to calculate an approximate atomic radius for copper.
What is the optimal order quantity : What is the expected fill rate based on your answer in part a?
What will be the wage rate and the level of employment : Assume a firm is a monopsonist that can hire its first worker for $6 but must increase the wage rate by $3 to attract each successive worker (so that the second worker must be paid $9, the third $12, and so on).
What is meant by the term criterion : What is meant by the term criterion as it is used in personnel selection? Give some examples of criteria used jobs with which you are familiar.

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd