Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

You are the manager of Tex Electronics and are planning a promotion on a discontinued model of 27 color TVs. The promotion will last 10 days, at the end of which any sets that you ordered but have not sold will be sold to another retailer for $250 each. You must order the sets from the manufacturer before you know what the demand during the promotion will be. Your cost is $350 per set and you will sell them for $600. You estimate that on 20% of the days you will sell 2 sets, 30%of the days you will sell 1 set, and 50% of the days you will sell no sets. (a) What is the expected demand during the promotion? (b) Estimate the optimal number of TVs to order. Simulate order quantities of 7,8,9,10, and 11. In the 10 cells containing the daily demands, use a discrete, general probability distribution. Have one cell that contains the total net profit for the promotion. Based on 1,000 trials, what order quantity maximizes the average net profit? What is the simulated average net profit?

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M92589231

Have any Question?


Related Questions in Operation Management

Team-building and communicationsin this scenario everyone

Team-Building and Communications In this scenario, everyone in class works for CommonGood Health Care, a community-based health care campus comprised of a health care clinic, hospital, skilled nursing facility, assisted ...

1 identify two ways in which organizational structure and

1. Identify two ways in which organizational structure and organizational culture are different from each other. 2. Identify six basic elements of organizational design that today’s managers use to bring about change. In ...

1 name the four stages of the business process management

1. Name the four stages of the business process management cycle and summarize the activities in each. Your response should be at least 200 words in length. 2. Well-developed explanation. Find a local export business and ...

Drafty call center plan ndash homeworkyou are working with

Drafty Call Center Plan – Homework You are working with a large set of temporary workers (collection of interns, retirees, etc.) to create a ‘draft’ aggregate plan to staff a night-time call center for your company. You ...

Introduction to materials management and purchase

Introduction to materials Management and purchase management. Requesting that the company should be a local company in oman. ASSIGNMENT Pick a company with which you are familiar with. Write a paper about following secti ...

Critics of the tobacco industry allege that in developing

Critics of the tobacco industry allege that in developing markets cigarette manufacturers create special tobacco blends that contain additives to give an extra "kick." If true, such practices put the "standardization-ver ...

Write requirements for a game note you are not writing out

Write Requirements For a Game. Note: You are NOT writing out the code. The Requirements should focus on what you want the game to do… think Shall Statements. If you had a developer working for you, how would you describe ...

Read through the tree trimming project case this case

Read through the Tree Trimming Project case. This case refers to the earned value (EV) of the owner, Will Fence’s Tree Trimming business. Will briefly describes his techniques for EV. Based on the description provided in ...

1 analyze a companyrsquos global supply chain management

1. Analyze a company’s global supply chain management through use of inventory management. 2. Using any experiences to explain how distributors add value to a supply chain and improve its performance. 3. Facebook interna ...

Read the minicase in textbook it starts with one you

Read the Minicase in Textbook "It Starts With One", You Can’t Make Stuff Like This Up, on pages 659-661. Navigate to the threaded discussion below and submit a substantive, initial discussion post in response to the foll ...

  • 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