What is the service level

Assignment Help Operation Management

Reference no: EM13965729

EcoTable is a retailer of specialty organiz and ecologically friendly foods. In one of their Cambridge, Massachusetts, stores, they plan to offer a gift basket of Tanzanian teas for the holidays season. They plan on placing one order and any leftover inventory will be discounted at the end of the season. Expected demand for this store is 3,000 units and standard deviation is 500 units. The gift basket sells for $47, the purchase cost to EcoTable is $24, and leftover basket sells for $14. What is the Service Level? (4 decimals)

Reference no: EM13965729

Questions Cloud

Explain the principles of interpersonal communications : Explain the principles of and barriers to effective interpersonal communications. Why do the principles matter? How can your couple or group of co-workers overcome the barriers you have listed

Secure all the lease agreement : Please form a corporation (four shareholders) to buy an existing lounge/club. This restaurant is located in San Francisco. The restaurant serves finger food, and makes 90% of its profit by selling alcohol. Also, please make sure you secure all the le..

What is the critical path for the project : Construct a network schedule for project and prepare a memo - What is the critical path for the project and which activity has the greatest amount of slack?

Organizational newcomers or new employees : What ways do mentors help organizational newcomers or new employees?

What is the service level : EcoTable is a retailer of specialty organiz and ecologically friendly foods. In one of their Cambridge, Massachusetts, stores, they plan to offer a gift basket of Tanzanian teas for the holidays season. The gift basket sells for $47, the purchase cos..

Language of international or global business : Should English or Mandarin be the language of international business? If not, what language should be the language of international or global business? Also, why is it important to develop a skill in a foreign language? Discuss...

Five stages of tribal development : Please think of an example of a group or organization that you believe exemplifies one of the five stages of tribal development. This could be from your own experience or from your reading. Explain why you believe this organization or sub-organizatio..

What are the benefits of doing the given study : What are the benefits of doing this study? What are the ethical considerations related to this study? Will I be able to recruit participants for this study?

The art and science of leadership : Discuss your purpose in life and then relate it to effective leadership practices that build strong foundations for ethical practices within change organizations.

User Account

All Pages