Right number of jackets

Assignment Help Operation Management
Reference no: EM133250592

Question: In this problem, we are helping Jim Roberts who runs a winterwear store to decide on the optimal inventory. Jim's flagship product is the Cool Face winter jacket. Jim has contracted with HK Textiles in Thailand to produce the Cool Face jackets. With delivery and the US duty on foreign made textiles, each jacket costs about $100 to purchase. Jim must place his order in mid August for the production, allowing time for the jackets to reach his outlet partners by roughly Halloween. This lead-time restricts Jim to place only one order for the entire season. His small business is a source of income and pride for him. He cannot afford to over order and sit on excess inventory or bear to see his quality jackets liquidated at a deep discount in the late spring. At the same time, he does not like to have his stores run out of jackets and lose customers to the competition. He must resolve this dilemma by ordering just the right number of jackets. The six million dollar question is: how many?

Reference no: EM133250592

Questions Cloud

Most expensive country in which to buy a big mac : Which is the most expensive country in which to buy a Big Mac? Which is the least expensive? What factors other than currency overvaluation or undervaluation mi
Explain how each is improving or impeding communication : Describe current professional and social trends that are impacting the field of communication. Explain how each is improving or impeding communication
Create your business plan or use this information : HED 0600 Nova Southeastern University How you would use this information to create your business plan or use this information to assist with your business needs
Labor practices in international business : Compare the advantages and disadvantages of commonly used labor practices in international business.
Right number of jackets : ECON 1345 Holy Childhood High School He must resolve this dilemma by ordering just the right number of jackets. The six million dollar question is: how many?
Explain why her teacher actions are appropriate : Explain why her teacher's actions are appropriate for a child this age. How do you think that the teacher's actions will help Lela deal with the stress
How were the democratic institutions working : How were the Democratic institutions working? Who could participate? What were the administrative contributions to the continuing evolution of democracy?
Measure changes in factors that impact economics : Healthcare economic indicators can be used to measure changes in factors that impact economics. What is meant by the term 'tool' for measuring economic indicato
Determine the production plan : MGMT621 University Canada West determine the production plan and available-to-promise quantities of TJ3 for each week - two-product cold beverage dispenser

Reviews

Write a Review

Operation Management Questions & Answers

  Devise program to increase level of organizational learning

Devise a program to increase the level of organizational learning. In what specific ways can you promote the level of learning at all levels?

  Various limitations are to a successful fiscal stimulus

Some reject fiscal stimulus measures in all policy forms. Explain what the various limitations are to a successful fiscal stimulus. Be sure to consider the damaging activities and decisions of (a) private corporations, (b) commercial banks, and (c) w..

  Benefits associated with moving a business unit

What are the drawbacks and benefits associated with moving a business unit and corporate HQ to another country

  Research publicly traded company

Select a company you have worked for or research a publicly traded company and share the SWOT that you see impacts this company.

  Nike was successful with the ongoing ERP implementation

What were the three primary reasons Nike was successful with the ongoing ERP implementation?

  Would it be desirable to hire people according to person

Would it be desirable to hire people only according to the person/organization match, ignoring the person/job match? How well does the person need “fits” with the organization versus how well they fit with the job? Of the relationships between these ..

  Explaining the provisions in the legislation

Prepare a memo explaining the provisions in the legislation for determining the eligible and non-eligible amount of a retiring allowance.

  Make employee development a top priority

Companies use various tactics to encourage managers to make employee development a top priority. What do you think of this policy of tying financial rewards to people development? What are some other ways companies can hold managers accountable for d..

  Number of operational factors in schedule planning

Flight operations is concerned with a number of operational factors in schedule planning. Discuss three of them. How do crew time limits and employee agreements

  Could this philosophy work in your organization

Could this philosophy work in your organization? Why or why not? Would you feel comfortable managing in this type of environment?

  The production facility operates strictly eight hours

The production facility operates strictly eight hours per day. Evaluate the change in productivity for Aztec using the new assembly process.

  Strongly influenced by contemporary european avant-garde

American Regionalism was strongly influenced by the contemporary European avant-garde.

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!

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