Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

A local farm produces cases of perishable food products. The products such as vegetables and fruits are packed in wooden cases. Each case costs $10 and sells for $20. If there are any cases not sold by the end of the day, they are sold to a large food processing company for $5 a case. The probability that daily demand will be 100 cases is 0.3, the probability that daily demand will be 200 cases is 0.4, and the probability that daily demand will be 300 cases is 0.3. The farm has a policy of always satisfying customer demands. If its own supply of cases is less than the demand, it buys the necessary vegetable from a competitor. The estimated cost of doing this is $35 per case. a) Draw a decision table for this problem. What do you recommend? b) Now assume that backlogging is possible and if a demand does not get satisfied, can be fulfilled in the following day with 20 percent discount. Redo the decision tree and recommendations.

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M91579426

Have any Question?


Related Questions in Operation Management

Nike is one of the worlds largest and best-known global

Nike is one of the world's largest and best-known global corporations. Visit the company's website. Where is the company headquartered? What are its products? Where are they manufactured? As a global corporation, what is ...

Describe a talk or presentation you have given recently

Describe a talk or presentation you have given recently that was similar to a Lunch and Learn put on by an HR department. a. What was the talk about and how was it like a Lunch & Learn? b. How did you tailor it to suit t ...

When have you had to complain to a company organization or

When have you had to complain to a company, organization, or person about something that went wrong or that offended you? share your experience. what channel did you use for your complaint? how effective was your channel ...

Hotel operations management assignment - individual

Hotel Operations Management Assignment - Individual Property Portfolio Analysis Assessment Description - The purpose of this individual property portfolio analysis is to further your understanding of the role of operatio ...

Researchers have found that linear models produce superior

Researchers have found that linear models produce superior predictions than experts across an impressive array of domains. In addition, research has found that more complex models produce only marginal improvements above ...

Some have suggested one of the primary roles of those in a

Some have suggested one of the primary roles of those in a leadership position is to focus on supporting the self-worth of followers which, in turn, leads to task performance provided to the leader. Consider ways followe ...

Write one pargraph or two if you can and try use a simple

Write one pargraph or two if you can and try use a simple words Question Here is a spot for your comments and reflections on  the Daniel Willingham talk about research in education vs the actual practice of education. Pl ...

This assignment provides you with an opportunity to explain

This assignment provides you with an opportunity to explain the dynamics of teamwork, including motivation, conflict resolution, and leadership. First, read the scenario below. Scenario: The vice president (VP) of market ...

After graduating from business school george clark went to

After graduating from business school, George Clark went to work for a Big Six accounting firm in San Francisco. Since his bobby has always been wine making, when he had the opportunity a few yeas later he purchased 5 ac ...

1 is amazon corporate strategy a multi-domestic global or

1. Is Amazon corporate strategy a multi-domestic, global, or transnational? 2. You go to a job interview with a company that is new in the industry. The CEO tells you that she wants the company to create a very high end ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As