Define the order quantity and expected profits, Operation Management

Assignment Help:

suppose the manufacturer has an inflated demand forecast as follows: Quantity Probability 2,200 5% 2,300 6% 2,400 10% 2,500 17% 2,600 30% 2,700 17% 2,800 12% 2,900 3% (a) Suppose the manufacturer is make-to-order (timing of events as in (b). Using you contract in (b)(ii), find the order quantity, and expected profits of the distributor and of the manufacturer. Compare your answer with (b)(ii). (b) Suppose the manufacturer is make-to-stock (timing of events as in ( c ).using your contract in ( c)(ii), find the production quantity, expected profits of the manufacturer and of the distributor. Compare your answer with (c )(ii (c) If you are the distributor and you have the choice of revealing the true demand forecast or inflated demand forecast to the manufacturer, what will you do in each case? Explain.


Related Discussions:- Define the order quantity and expected profits

Explain fairly complex for job shops, Why is scheduling fairly simple for r...

Why is scheduling fairly simple for repetitive systems but fairly complex for job shops?

Explain what makes the ipad a disruptive technology, 1. Evaluate the impact...

1. Evaluate the impact of the iPad using Porter's competitive forces model. 2. What makes the iPad a disruptive technology? Who are likely to be the winners and losers if the iP

List of operation., List the operation involved in any buying and selling b...

List the operation involved in any buying and selling business?

Explain what factors might inhibit hrd managers, What factors might inhibit...

What factors might inhibit HRD managers from developing a strategic planning approach to training? How might these factors be overcome?

Explain the six steps in a marketing research process, Discuss the six step...

Discuss the six steps in a marketing research process

Explain what types of strategy should including in the plan, Imagine you ar...

Imagine you are creating a marketing plan for a company that will sell kites. As you consider the marketing program, what types of strategy should you consider including in the pla

Explain what are average weekly total costs, Given the following data for a...

Given the following data for a particular inventory item: Usage 500 units/week Ordering $40 per order Carrying Cost $.01 per unit per week Lead Time 3 weeks Price $.50 per unit a.

Explain evidence you have seen if the imperatives for change, Discuss evide...

Discuss evidence you have seen if the imperatives for change, flexibility, and responsiveness faced by today's firms.

Explain what are best practices of college, What are Best Practices of coll...

What are Best Practices of college/university communications to students

Explain which if any of the resources are over allocated, 1. Which if any o...

1. Which if any of the resources are over allocated? 2. Assume that the project is time constrained and try to resolve any over allocation problems by levelling slack. What happ

Write Your Message!

Captcha
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