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A product costs $20 and sells for $50. It has a salvage value of 4$ if it does not sell.
a) What is the stock-in and stock-out probability?
b) Assume the demand is uniformly distributed from 0 to 1,000. What is the optimal number of products to buy?
c) Given that you bought a number of products following b), what are the net profits if you observe a demand of 500?
d) Given that you bought a number of products following b), what are the net profits if you observe a demand of 1,000? What is the stock-out cost?
question 1 which of the following would be an example of an innovation and learning performance measure?question 2 the
This report should be double spaced, in narrative format, 12-point font, and three to four paragraphs in length excluding the title page and reference page.
Elon Musk: Serial Entrepreneur from Zip2 to Tesla and Beyond. In 1995 Elon Musk started a small software firm called Zip2 with his brother and a family friend. The group had very little money and Musk had large student loan debts. Elon Musk's approac..
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Direct Air operates a 300 seat jet from Toledo to Myrtle Beach, SC once a week. Cancellation distribution is normal with mean 30 and s.d. 8. A vacant seat in the jet is considered to cost $600 for the airline. What is the cost of shortage (in the con..
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Given the bill of material for the printer cartridge (A) shown below, a gross requirement to build 170 units of A, on-hand inventory levels for each item as shown in the table below and assuming zero lead times for all items A, B, C, D, and E, com..
A manufacturer makes two products, doors and windows. Each must be processed through two work areas. Work area #1 has 60 hours of available production time. Work area #2 has 45 hours of available production time. Develop an objective function that wi..
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