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A local pharmacy orders 15 copies of a monthly magazine. Depending on the cover story, demand for the magazine varies. Historical records suggest that the probability distribution of demand is Poisson with a mean of 10. The pharmary purchases the magazines for $2.25 and sells them for $5.00. Any magazines leftover at the end of the month are donated to hospitals and other health care facilities. Model this newsvendor problem in Excel. Test your model to show the corresponding profit when demand for the month is 5, 10, 15 or 20 magazines.
please post excel and show formulas too please.
Discuss how seniority and the "glass ceiling" are or are not related. Support your response with evidence or examples.
a. Calculate the expected average flow time. b. What changes would you recommend to meet the goal of processing a returned video within 6 hours?
Suppose a new hospital is to be built to provide emergenct medical healthcare service to 5 town w coordinates (5,6), (1,3), 13,7), (11,2), (18,1) on a map.
We noted that creating a culture for quality and performance excellence is not rocket science. Summarize in your own words, a simple explanation of what senior leaders need to do to accomplish it.
Describe at least 5 ways in which Social Media and digital technologies can give you the opportunity to expand your business opportunities at the global level.
Capstone Project that should consist of the creation of a market entry, a market expansion plan or an M&A
There is a process which must be developed also then followed to help ensure a successful portfolio. Let's start this discussion by examining what decisions must be made before a project is actually looked at or considered. So where do you start i..
Suppose that two of your friends are about to launch a business together with nothing but a handshake. "We've been best friends since grammar school," they say. What advice would you give them?
Your supervisor asks you to calculate the hyperbolic secant of an angle. (Now, you are probably asking yourself, “What the heck is a hyperbolic secant?” Don’t worry. I don’t know either, but that is not the question.) The question is, how can you fin..
Compare and contrast techniques for estimating project time and cost. Discuss this topic in the context of any personal or professional projects that you were involved with, or may manage in future. How did you estimate project time and cost? How wil..
Management in Webster, in Problem 16 is now concerned as to whether caulking tubes are being properly capped. If significant portion of the tubes are not being sealed, Webster is placing its customer in a messy situation. Calculate the p-chart three ..
"Effective strategic risk management is built around a clear understanding of how much risk your business is prepared to take to deliver its objectives, and a timely and reliable evaluation of how much risk it is actually taking."
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