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You are the manager of Tex Electronics and are planning a promotion on a discontinued model of 27 color TVs. The promotion will last 10 days, at the end of which any sets that you ordered but have not sold will be sold to another retailer for $250 each. You must order the sets from the manufacturer before you know what the demand during the promotion will be. Your cost is $350 per set and you will sell them for $600. You estimate that on 20% of the days you will sell 2 sets, 30%of the days you will sell 1 set, and 50% of the days you will sell no sets. (b) Estimate the optimal number of TVs to order. Simulate order quantities of 7,8,9,10, and 11. In the 10 cells containing the daily demands, use a discrete, general probability distribution. Have one cell that contains the total net profit for the promotion. Based on 1,000 trials, what order quantity maximizes the average net profit? What is the simulated average net profit?
change is everywhere yet very few people seem to embrace the concept. we are for the most part creatures of habit and
In a Matrix Org you have to have natural leaders. They could lead a cross functional team or a project. I found this list of what it takes to be a natural leader. Do you agree with these? Are they too "vague"? A natural leader doesn’t necessarily int..
Can Tiffany avoid the contract and what are the consequences to either side?
For an additional fee, a customer purchasing a Sears Roebuck appliance, such as a washing machine, can purchase a three-year service contract. The contract provides free repair service and parts for the specified appliance using an authorized Sears s..
What is the doctrine of strict product liability?
An interesting discussion of factors contributing to business success but equally important are internal elements discussed in text which should be examined.
One model of the impact of a delay in product introduction is that sales are simply shifted later in time. Another model is that some of the sales are pushed beyond the “window of opportunity” and are lost forever. Can you suggest other models for th..
Monetary awards may be a big incentive for whistleblowing. In cases involving more than one million dollars, the Dodd-Frank-Act authorizes what type of award?
Crash agrees to have Steve represent him in various transactions as an agent to secure him performance contracts and endorsement deals. Fred has no idea whether Steve is representing anyone. Is Crash liable for any of these contracts? Is Steve liable..
Reflect on the social nature of your past learning. What interactions with others did you have that resulted in learning in these outcome activities?
Slighty Used Goods has Cash of $2,150 inventory of $28,470, fixed assets of $9,860, accounts payable of $11,900, and account receivable of $4,660. What is the cash ratio?
Focus people's attention of the underlying issues and solutions to create a common ground and understanding about what needs to be changed and why.
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