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

Why benefits are strategically important to employers, Why benefits are str...

Why benefits are strategically important to employers, and what are some key strategic considerations?

What has she delivered on that fits what each new leader, So of the things ...

So of the things Ms. Mayer (Yahoo CEO) hoped to accomplish, what has she actually accomplished? What has it done to drive stock prices and the user experience? In short, what has s

Explain assembly of power steering pumps, A small assembly line for the ass...

A small assembly line for the assembly of power steering pumps needs to be balanced. Exhibit 8.11 in the text is the precedence diagram. The cycle time is determined to be 1.5 minu

Explain what makes the ipad a disruptive technology, 1. Evaluate the impact...

1. Evaluate the impact of the iPad using Porter's competitive forces model. 2. What makes the iPad a disruptive technology? Who are likely to be the winners and losers if the iP

Describe imagine that you are the release that might result, Search the new...

Search the news for a current event/ issue/ crises a company is dealing with today. Imagine that you are the release that might result in a favourable article. Follow the format su

Line balancing, What do you understand by “line balancing”? What happens if...

What do you understand by “line balancing”? What happens if balance doesn’t exist

Reflective report, Hi I need quotation for the assignment it needs 2000 wor...

Hi I need quotation for the assignment it needs 2000 words. "You are required to review the literature on any THREE (3) topics covered in this course using various academic journa

Find what will the productivity of the bakery, If charles lackey's utility ...

If charles lackey's utility costs remain constant at $500 per month, labor at $8 per hour, and cost of ingredients at $0.35 per loaf, but Charles does not purchase the blender sugg

Define the coordinate of potential sites for hospital, Suppose a new hospit...

Suppose a new hospital is to be built to provide emergenct medical healthcare service to 5 town w coordinates (5,6), (1,3), 13,7), (11,2), (18,1) on a map. The exisiting transporta

Process capability index - asymmetrical positioning, Process Capability Ind...

Process Capability Index - Asymmetrical Positioning of the Process As stated earlier, the C p index assumes that the process mean is centred within the tolerance band, but, i

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