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A retail store sells a seasonal product for $10 per unit. The cost of the product is $8 per unit. All units not sold during the regular season for half the retail price in an end-of-season clearance sale. Assume that the demand for the product is normally distributed with a mean of 5oo and a variance of 100. a) What is the recommended order quantity? b) To keep customers happy and returning to the store later, the owner feels that stockouts should be avoided if at all possible. What is your recommended order quantity of the owner is willing to tolerate a 5% probability of a stockout or a 95% probability of always having the product?
The Inter-Pacific Railroad employs Francisco McGregor, a Hispanic man, as a supervisory conductor on its commuter trains. Except for one white woman, all of the other supervisory conductors employed by Inter-Pacific were black men.
The weekly requirement of a part is 950 units. The order cost is $85 per order, the holding cost is $56 per unit per year, and the part cost is $850 per unit. The firm operates twelve months per year. Compute the (a) EOQ, (b) annual holding cost, (c)..
Explain how your use of the email and postal mail differed if you used them for B2C (business to consumer) and compared to your use B2B (business to business). Explain the differences with examples.
Do you throw out a lot of milk because of spoilage). Describe how might the ideas change your way of managing these SKUs.
The general store at state University is an auxiliary bookstore located near the dormitories that sells academic supplies, toiletries, sweatshirts and t shirts, magazines, packaged food items, and canned soft drinks and fruit drinks. determine how ma..
Pick a Corporation and identify which financial ratios are most in need of improvement and explain why you think so.
Identify how changes in the external environment may affect the OM strategy for a company. For example, what impact are the following factors likely to have on OM strategy?
Consider the following stateent: "The slack of a constraint multiplied by the shadow price associated with that constraint must equal zero." Is this true or false? Explain
suppose that the agent expects both daytime and evening calls. at what point (i.e. percentage of call minutes for daytime calls) would she be indifferent between plans A and B?
Explain what strategic planning for project management is according to Kerzner. Include an explanation of how it relates to the five project management processes prescribed by the PMBOK® Guide.
A Fabrication Co. wants to increase capacity by adding a new machine. The fixed costs for machine A are $90,000, and its variable cost is $15 per unit. The revenue is $21 per unit. What is the break-even point for machine A?
Defining supplier requirements
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