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Decision-making under Uncertain Demand - Newsvendor: Montanso is a large bio firm that sells genetically modified seed to farmers. Montanso needs to decide how much seed to put into a warehouse to serve demand for the next growing season. They will make one quantity decision. It costs Montanso $16 to make each kilogram (kg) of seed. They sell each kg for $90. If they have more seed than demanded by the local farmers, the remaining seed is sent overseas. Unfortunately, they only earn $6 per kg from the overseas market (but this is better than destroying the seed because it cannot be stored until next year). If local demand exceeds their quantity, then the sales are lost – the farmers go to another supplier. As a forecast for local demand they will use a normal distribution with a mean of 300,000 kgs and a standard deviation of 100,000 kgs. 1. Newsvendor Quantity: How many kilograms (kgs) of seed should they place in their warehouse before the next growing season to maximize their expected profit?
Credit analysis is necessary to ensure which of the following. Credit terms are extended to customers who can pay according to the terms of the sale
What are three types of Supply Chain Strategies? This is for a compare and contrast research paper so can anyone help me out.
Some specific challenges today's managers and organizations face are globalization, intense competition, rigourous scrutiny of the ethical and green practices,
IDS 404 : Integrate interdisciplinary approaches for determining the impact of popular culture on various institutions.
Would the fairness rule or the business judgment rule be used to evaluate the activities of Fleure? Explain.
A local grocery store expects the mean arrival rate of customers will increase by 50% due to the completion of a local housing development. Currently, the mean arrival rate is 15 people per hour and the mean service rate is 25 customer per hour. What..
Of all the core values (excellence, community, respect, personal development, responsible stewardship, and integrity), which one do you value most in your own life and how do you intend showing that in your schooling and work?
When using objective information to determine the likelihood of different risks occurring on a project, project managers should not
Develop an internal leadership blog for your employees that addresses the implications of leading within a culturally-diverse.
The supply chain extends from needs identification to products delivery and includes several interdependent activities.
What are the various steps in the communication process between formal and informal communication in organizations?
Which of the goals of a transcendent education involves viewing success not merely as personal gain, but as a common victory?
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