Explain demand is approximately normal, Operation Management

Assignment Help:

Korner Hardware manager Emerson Jones is interested in determining how many nativity scenes to order for the 12-day holiday season. Past experience indicates that demand for these nativity scenes averages nine per day during this 12-day period, with a standard deviation of three per day. Demand is approximately normal. Emerson purchases the nativity scenes for $24 per unit and sells them for $48 each during the season. After Christmas, they are marked down as sale items for $16 each. How many units should Emerson order for the coming holiday season?


Related Discussions:- Explain demand is approximately normal

Explain customer relationship management marketing, Describe the four-step ...

Describe the four-step framework for one-to-one marketing that can be adapted to CUSTOMER RELATIONSHIP MANAGEMENT marketing?

Discuss what responsibility businesses towards environment, Environment Ple...

Environment Please respond to the following: •From the video, take a position on the ethical aspects of the logging industry on the local economies and the environment in the North

What is assuming by theory x, What is assuming by Theory X? Ans: The...

What is assuming by Theory X? Ans: Theory X assumes that a typical person dislikes work.

Procurement, 1. Can the Japanese system of Keiretsu be duplicated in other ...

1. Can the Japanese system of Keiretsu be duplicated in other countries?  2. How do you distinguish between procurement, logistics management, materials management and supply ch

Explain hr use of social media it is for a term paper, HR use of social med...

HR use of social media it is for a term paper and i am just collecting some data and ideas.

Explain the service organization worry about world class, Why should a serv...

Why should a service organization worry about being world class if it does not compete outside its own national border? What impact does the Internet have on this?

Explain course wrap-up, "Course Wrap-Up" Please respond to the following: I...

"Course Wrap-Up" Please respond to the following: Identify three concepts from your graduate course work that you found to be of significant value and explain how you plan to apply

How to construct the dual of the problem, Construct the dual of the problem...

Construct the dual of the problem minimize Z=3(x1) - 2(x2) + 4(x3), subject to the constraints 3(x1) + 5(x2) + 4(x3) >= 7, 6(x1) + (x2) + 3(x3) >= 4, 7(x1) - 2(x2) - (x

Explain what are the challenges associated with erp system, Research ERP sy...

Research ERP systems by visiting the ERP company provider website of your choice (i.e., SAP, Ellucian, Oracle, Peoplesoft, Microsoft, Workday, etc.) Write an essay of between 750-1

Explain acronym ltpd, Explain acronym LTPD. Ans: The acronym LTPD is...

Explain acronym LTPD. Ans: The acronym LTPD is Lot Tolerance Percent Defective.

Write Your Message!

Captcha
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!

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