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

Explain mcdonald''s prospects of success against competitor, Choose at leas...

Choose at least one of McDonald's competitors and discuss its position relative to McDonald's. Comment on McDonald's prospects of success against this competitor.

Reliable delivery - customers needs for a product, Reliable Delivery - Cust...

Reliable Delivery - Customers Needs for a Product The degree to which the operations system delivers its products or services on time. DHL can successfully charge premium parc

Explain what must the beta of this stock be, A stock has an expected return...

A stock has an expected return of 10.2 percent, the risk-free rate is 4.5 percent, and the market risk premium is 8.5 percent. What must the beta of this stock be?

Explain methods of ''on - the job training'' for managers, Explain methods ...

Explain methods of 'On - the Job Training' for Managers. Methods of 'On - the Job Training' for Managers : (i) Experience: In this method a person who is to do something a

Estimate the mean and standard deviation, 1. How do variables and attribute...

1. How do variables and attributes differ?  2. Estimate the mean and standard deviation of the following measurements.

Trade off between delivery and flexibility, Trade off Between Delivery and ...

Trade off Between Delivery and Flexibility Pagell et al (2000) argue that the trade-off concept is based on Skinner's quandary that a manufacturing plant could not be configur

Define cross-cultural communication, When referring to Cross-Cultural Commu...

When referring to Cross-Cultural Communication, what would be the best approach to dealing with a multicultural environment.

Explain sow contains words such as nearly or approximately, If the customer...

If the customers SOW contains words such as nearly or approximately, then: Answer The project manager uses his discretion in determining the meaning The sponsor uses his d

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