User Account

All Pages

How many boxes should you stock for the july 4th festivities

Assignment Help Operation Management
Reference no: EM132728825

You are starting a pop-up fireworks tent for July 4th weekend. You found out that one of the popular fireworks is "Excalibur Fireworks Artillery Shells". You can purchase this popular fireworks from a wholesaler at $25 per box. You are able to sell the fireworks at $75 per box. Any leftover boxes can be sold as a closeout sale at $5 per box after July 4th.

Assume that the demand follows a uniform distribution ∼U(4,22). How many boxes should you stock for the July 4th festivities?

Note: round your answer to the nearest whole number.

Reference no: EM132728825

Questions Cloud

What do you believe about the influences of theory : What do you believe about the influences of theory on nursing practice? What value do you place on using a model for practice as an advanced practice registered
What is the target service level : You are starting a Christmas tree business. You can purchase trees from local farmers at $28 per tree. You are able to sell the trees at $52 per tree.
How many trees should you stock through holiday season : How many trees should you stock through the holiday season? Use the following information to answer the above question:
Review provides support for the importance of the study : Evaluate the following: The systematic review or practice guideline relies primarily on studies conducted in the last five years. The review provides support.
How many boxes should you stock for the july 4th festivities : Assume that the demand follows a uniform distribution ~U(4,22). How many boxes should you stock for the July 4th festivities?
Determine the upper and lower control limits : The Long Life Insurance Company receives applications to buy insurance from its salespeople, who are specially trained in selling insurance
What is the capability score of the eco-friendly : A farmer focusing on the production of eco-friendly chicken eggs collects the following data about his output. In a sample of 50 eggs, the farmer finds
How many units have to flow through the third step : Consider the following four step assembly operation with quality problems.
What reorder point should be used at this service level : The policy is to have stock-outs only 20 percent of the time. What reorder point should be used at this service level?

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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