Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Bookstore buys a popular freshman physics book at $30 each and sells it to students at $50 each. The same book is used for Fall and Winter terms. The demand for books is distributed Normally with a mean of 150 and 200 for Fall and Winter terms, respectively. The standard deviation of demand is 50, for Fall as well as Winter terms. The demand for each term can be assumed to be independent. The publisher comes up with a new edition every year, making the old edition of the book worthless. The Bookstore simply throws away any leftover books at the end of the academic year (Winter Term). You have been asked to help the Bookstore in its purchasing decision for Physics books.
(a) Suppose the Bookstore used a newsvendor model to order books for each term. How many books should they order for Fall term and for the Winter term?
(b) Bill Nye, the new purchasing guy, at the Bookstore thinks one can just use the total demand for the year and make one purchasing decision for the whole year. How much should he order using this reasoning? Why this order quantity is different than the sum of order quantities computed separately for Fall and Winter in part (a)? (c) What would YOU recommend to the bookstore? Propose an ordering policy (with numbers, if you can) and explain why this is a better alternative. Is your policy the best one can do? Why (not)?
Assume a fixed cost for a process of $120,000. The variable cost to produce each unit of product is $35, and the selling price for the finished product is $50. Which of the followi
Describe what effective leadership means to you. Who determines a leader's effectiveness? Provide details and examples to support your thoughts.
Describe the advantages and disadvantages of the scientific method and qualitative approaches to research
In a 2-3 page paper answer the following question. Is quality integrated into the Walmart's logistics process?
if the average worker can produce 15 widget an a hour/which goal is likely to lead to the best performance/1.10/2 15/3.
A Work Breakdown Structure (WBS) component is a term that simply refers to an entry in the WBS that can be at any level.
A company is considering a gear assembly that it now purchases from company B. Company B charge $4 per unit with a minimum order of 3000units. Company A estimates that it will cost
Security - Customer Satisfaction and Service Quality Is the freedom from danger, risk or doubt. It involves: 1. Physical safety (will I get mugged at the automatic teller
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.
Are there any risks associated with the globalization of health care? Can these risks be mitigated? How
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd