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A manufacturer of lawn care equipment has introduced a new product. The anticipated demand is normally distributed with a mean of μ = 100 and a standard deviation of σ = 10. Each unit costs $70 to manufacture and the introductory price is to be $150 to achieve this level of sales. Any unsold units at the end of the season are unlikely to be very valuable and will be disposed of in a fire sale for $45 each. It costs $10 to hold a unit in inventory for the entire season. What is the cost of overstocking? What is the cost of understocking? What is the optimal cycle service level? How many units should be manufactured for sale (You can show the result in the functional form of NORMINV)?
Select any organisation you are familiar with, preferably a service based organisation, and discuss what criteria and factors are important in designing the layout
Discuss how technology and the emerging role of digital and social media are impacting the role of brand managers. What can companies do to train brand managers so they can keep up with the changes occurring in digital and social media?
Create a guide to leveraging expatriates. The guide should include four to six (4-6) sources that address benefits and challenges of sending expatriates to other countries.
In the past, Harley Davidson avoided development production facilities outside the United States. More recently and in accordance with their annual report, they developed a production facility in India. Why in your opinion and preferably supported by..
Which of the following forecasting methods is very dependent on selection of the right individuals who will judgmentally be used to actually generate the forecast
What are the main tasks in system analysis and design projects, and what is expected to be performed in each task? 500 to 1000 words. Can you give reference for study purposes also?
As one of the world’s largest exporters of oil, why isn’t Russia a member of OPEC? Why is the current geo-political situation in the Ukraine with Russia of such importance to the EU? How does the reliance of Russian oil in the EU impact global busine..
Which of the following studies are not appropriate for performing a fast and inexpensive study? (choose all that apply) Select one or more: a. Case Control b. Cohort c. Ecological d. Cross Sectional e. Case Series f. Experimental
Create a diagram of the organizational structure showing the hierarchy and chain of command. Develop a flowchart that analyzes the steps of the organization's business processes.
The serious disease Doccurs with a frequency of 0.1% in a certain population. The disease is diagnosed by a method that gives the correct result with probability 0.99. Mr. Smith goes to test for the disease and the result turns out to be positive. Si..
The Canadian government would like to test the hypothesis that the average hourly wage for men is more than $2.00 higher than the average hourly wage for women. The following data summarizes the sample statistics for hourly wages for men and women. A..
You are the Vice President of Risk Management for the newly formed Lake Cherokee Aircraft Company. The company president asks you to explain the General Aviation Revitalization Act (GARA) to her.
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