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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.
Johnson Plastics makes and sells, among many other things, specialty plastic display cases for retail stores. Johnson's expected demand for the display cases is 1,000 units, and av
Give your assessment of the requirements for Cuba to develop a free and independent trade union. Determine if it is essential for a free society. Assess the strategy of Wal-Mart
What key technological features of SAP set it apart from conventional business accounting/planning/control software?
Contrast the advantages and disadvantages of absolute standards and relative standards.
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The information technology department of State University buys paper for its copier machine frequently. The office manager would like to determine the best quantity to order each
1. A company manufactures 1Kg bags of grout (used in tiling). The specification is given in grams and is 1002.0 ± 7.5 g. The following data has arisen in a process investigation.
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You are in charge of a quarry that supplies sand and stone aggregates to your company's construction sites. Empty trucks from construction sites arrive at the quarry's huge piles o
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