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 measures that the government could employ, What are some of the mea...

What are some of the measures that governments can take to deter, detect, and prevent terrorists organized in small groups, bunch of guys (BOG) groups, cellular organizations, or a

Explain the advantages of the scientific method, Describe the advantages an...

Describe the advantages and disadvantages of the scientific method and qualitative approaches to research

Explain schematic model of the sequence, Which of the following models uses...

Which of the following models uses a schematic model of the sequence of steps in a problem and the conditions and consequences of each step?

Explain objectives for a crm solution be, Once the organization understands...

Once the organization understands its customer and its market, it can now move on to planning, developing, and implementing a CRM solution. What would some of your objectives for a

Explain security measures for the wireless classes, Imagine you are the Pre...

Imagine you are the President or Dean of a new school. This school is going to be completely mobile and wireless class for the future. Describe and design your school, taking into

Explain the concept of supply chain management, Question 1: What are th...

Question 1: What are the various decisions Operations Managers are called upon to make in the manufacturing and service Industries for the various operational areas under his r

Explain major reasons why companies adopt total quality, Discuss the three ...

Discuss the three major reasons why companies adopt total quality. Also, discuss the initial key steps are involved in the adoption process.

Financial management, how can business cycle be applied in business to day ...

how can business cycle be applied in business to day for example poultry compare broilers

Explain what is activity-based costing, 1. What is activity-based costing? ...

1. What is activity-based costing? 2. What are three of the five purposes of a performance measurement system? 3. What are three of the five benefits listed that the right informat

How does nestle have multiple facilities in a single country, Where in Euro...

Where in Europe, Africa, and Asia does Nestlé have operations? How many factories do they have in Spain and Thailand? Why does Nestlé have multiple facilities in a single country?

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