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 decision making under uncertainty, Even though independent gasoline...

Even though independent gasoline stations have been having a difficult time, Susan Helms has been thinking about starting her own independent gasoline station. Susan's problem is t

Describe departments being located close together, A (n) ____ gives the rel...

A (n) ____ gives the relative importance of each pair of operations or departments being located close together.

When the lrac curve slopes downward over the relevant range, In which of th...

In which of the following situations would consideration of the minimum efficient scale of operation suggest that the market should be served by a large number of small firms to mi

Explain when is it said to have a normal distribution, When a value of a va...

When a value of a variable(like the possible number of people who might be interested in your product) is said to have a normal distribution, how do the highest and lowest possible

Find the loss for a quality characteristic, A quality characteristic has a ...

A quality characteristic has a manufacturing specification (in cm) of 0.200 ± 0.05. Historical data indicate that if the quality characteristic takes on values larger than 0.25 cm

Explain focuses on the customer relationship, Choosing which processes are ...

Choosing which processes are core to a firm's competitive postition is a key strategic decision. For example, Nike, a popular sports shoe company, focuses on the customer relations

What is eoq and optimum time between orders, An industrial machine tools ma...

An industrial machine tools manufacturer supplies replacement parts from its inventory. For a particular part, the annual demand is expected to be 750 units. Machine setup costs ar

Explain web based training, What are some of the various opportunities that...

What are some of the various opportunities that automation has afforded, such as: telecommuting; remote work arrangements; teleconferencing; web based training etc.? What you see a

Describe the role that organizational learning, Explain the role that organ...

Explain the role that organizational learning and creativity play in helping managers to improve their decisions.

Compute the npv, Expando, Inc., is considering the possibility of building ...

Expando, Inc., is considering the possibility of building an additional factory that would produce a new addition to their product line. The company is currently considering two op

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