Explain demand is approximately normal, Operation Management

Assignment Help:

Korner Hardware manager Emerson Jones is interested in determining how many nativity scenes to order for the 12-day holiday season. Past experience indicates that demand for these nativity scenes averages nine per day during this 12-day period, with a standard deviation of three per day. Demand is approximately normal. Emerson purchases the nativity scenes for $24 per unit and sells them for $48 each during the season. After Christmas, they are marked down as sale items for $16 each. How many units should Emerson order for the coming holiday season?


Related Discussions:- Explain demand is approximately normal

Dicuss business and conduct a feasibility analysis, Develop an idea for a n...

Develop an idea for a new business and conduct a feasibility analysis. Please be as creative as you like in the development of your idea (but as careful as you can be in your analy

Explain collaboration solutions in the face of economic, Why are unions exp...

Why are unions exploring new collaboration solutions in the face of economic/work adversity?

Find the causes of faces shortages of fresh water, Utah is a popular resort...

Utah is a popular resort and is being developed as a hot new spring break destination. Unfortunately, Utah regularly faces shortages of fresh water. Ann has the entrepreneurial spi

Ghant for Inventory Control, Hello! I need some help creating a ghant shed...

Hello! I need some help creating a ghant shedule for silo bins. I am harvesting, and I have large grain bins which will be filled depending on how fast we harvest. I also need to

Advocacy of a focused factory - operations strategy, 1. Explain the quandar...

1. Explain the quandary experienced by Skinner (1969,1974) and his advocacy of a 'focused factory'. Answer: Skinner argued that the trade-off concept is based on the quandary th

Explain theory of negligence or strict liability, Architect Bob Berryman pu...

Architect Bob Berryman purchased a late model car from Fred's Ford dealership. Three months after he purchased the car, he had to replace two of the tires because he ran over nails

Different types of performance objectives, Question : (a) According to...

Question : (a) According to Slack et al. (2001), in any organisation the factors that define customer requirements are referred to as competitive factors which are influenced

Explain what are steps for effectively manage diversity, Why the succession...

Why the succession of Ursula burns to the top position at Xerox was considered historic? Why are there so few women and minority CEOs of large corporations? What steps have m

Explain what is the tax on salvage value, Mars Inc. is considering the purc...

Mars Inc. is considering the purchase of a new machine that will reduce manufacturing costs by $5,000 annually. Mars will use the MACRS accelerated method to depreciate the machine

Decision making process for ethical solution, Profits have been decreasing ...

Profits have been decreasing and power plant executives are considering whether to use a production process that decreases costs (and therefore increases profits) but adds to the p

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