Trendy aluminium foil dress us creating a buzz

Assignment Help Operation Management

Reference no: EM13822148

Due to long lead times, fashion goods must usually be purchased by retail stores long before the season begins, and "hot" items quite often cannot be ordered again during the season once their popularity becomes evident. The new, trendy aluminium foil dress us creating a buzz. Getting a consensus of opinion as to potential sales, the predicted average sales over 5,000 dresses per store chain wide but with a high variance. Assume potential sales are normally distributed with a standard deviation of 1,500. The dresses cost $40 and can be sold for $120. Unsold dresses can be sold at the end of the season to discount stores for $10. How many should be ordered?

Reference no: EM13822148

Questions Cloud

Determine the mean driving time and the variance : 1) Tommy's cab company transports riders using 2 routes. Use the following data to determine the mean driving time and the variance in the driving time.

What changes during a chemical reaction : What changes during a chemical reaction. Why is the freezing of water considered a physical change. Why is the rusting of iron considered a chemical change

The advantages and disadvantages of secondary data sources : the advantages and disadvantages of secondary data sources

Explain the scientific concept of butterfly effects : Explain the scientific concept of "butterfly effects" the notion that a butterfly flapping its wings in Tokyo can cause a tornado in New York.

Trendy aluminium foil dress us creating a buzz : Due to long lead times, fashion goods must usually be purchased by retail stores long before the season begins, and "hot" items quite often cannot be ordered again during the season once their popularity becomes evident. The new, trendy aluminium foi..

Other service providers by centralizing manufacturing : Dunkin' Donuts joined many other service providers by centralizing manufacturing. Doughnut making in a geographic area is now done centrally for many stores, and the doughnuts are trucked to stores in the early morning.

Write a paper about children literature in dammam : Write a paper about Children Literature in Dammam.

Define and discuss discrete and continuous data : Define and discuss discrete and continuous data

User Account

All Pages