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The circulation manager of The New York Times in State College, PA is trying to decide how many copies of the upcoming Sunday edition of the paper to order so as to meet the demand of local customers. Each copy of the newspaper costs $2.00 and is sold for $3.00. On Tuesday (following the weekend the newspapers are printed), all unsold copies will be returned to the distributor for a refund of $1.80 per copy. The owner believes that the number of papers she can sell on a typical Sunday is 21,100. She wants to decide how many copies of The New York Times to order so as to maximize expected profit from the sale of this particular newspaper. Develop a spreadsheet model and a corresponding data table to find the best order quantity among the given alternatives
From "Matching Supply with Demand" - Cachon/Terwiesch Consider the baggage check-in of a small airline. Check in data indicate that from 9am to 10am, 255 passengers checked in.
prepare a ppt
1. Porter (1996) attempts to resolve the issue of Skinner's quandary with trade-offs by introducing the concept of a productivity boundary and operating efficiencies. Explain where
explain and give for examples hotels services...how them service ?
Service is the last activity in the Value Chain. Explain how service adds value to a business products and customers.
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A worker machine operation was found to involve 3.5 minutes of machine time per cycle in the course of 40 cycles of stopwatch study. The workers time averaged 2.3 minutes per cycle
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