Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Problem: Supply Chain Coordination
A supplier manufactures a product at cost m = $50 and sells it to a retailer at wholesale price c = $150. The retailer sells this product to consumers at retail price p = $250. The replenishment lead time for this product is long relative to the selling season, so the retailer only has one opportunity to stock the product. Demand for the product is normally distributed with a mean of 1200 units and a standard deviation of 500 units. Units unsold at the end of the season are salvaged at price v = $20.
a. How many units of the product should the retailer order to maximize its expected profit? What is the associated retailer's expected profit and the supplier's expected profit?
b. How many units of the product should the retailer order to maximize total supply chain expected profit? What is the associated retailer's expected profit and the supplier's expected profit?
c. To motivate the retailer to buy more product, the supplier offers the following deal: the wholesale price is reduced to c = $70, but the retailer must pay the supplier an additional $100 for every unit that it sells. The supplier is also willing to buy back units that the retailer is unable to sell at buyback price b. These units are then salvaged by the supplier. What value of b should the supplier offer to maximize total supply chain expected profit? What is the associated retailer's expected profit and the supplier's expected profit?
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 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..
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..
An analysis of the holding costs, including the appropriate annual holding cost rate.
Briefly explain Evolution and contributor of Operations management.
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 of DVD players. Determine the appropriate reorder point.
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.
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 showing the change of your unit from medical/surgical staffing to oncology staffing.
Ccompare the effectiveness of different leadership styles in different organizations
Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd