Homework Help is Here – Start Your Trial Now!
Business
Operations Management
a) calculate the weekly revenue level that each product generates b) calculate the average revenue level that the firm loses from each product c) suppose you replenish these products every week (52 weeks in a year). based on the table below, determkne tbe optimal instock rate the firm should have for each product

a) calculate the weekly revenue level that each product generates b) calculate the average revenue level that the firm loses from each product c) suppose you replenish these products every week (52 weeks in a year). based on the table below, determkne tbe optimal instock rate the firm should have for each product

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
See similar textbooks
icon
Related questions
Question
a) calculate the weekly revenue level that each product generates
b) calculate the average revenue level that the firm loses from each product
c) suppose you replenish these products every week (52 weeks in a year). based on the table below, determkne tbe optimal instock rate the firm should have for each product
FAS As a manager of a chain of local supermarkets in the Tuzla district, you carefully observe the stock performance of products A, B, C, D, and E that earn you an edge over your competitors. You do not want to run out of these items, as this would cause lost revenue. You are extending these products to the market at five stores, denoted by S1, S2, S3, S4, and S5. Average In-stock rates belonging to each product are given by: Average In-stock Rate Price ($ per unit) Weekly Demand A (units) 99% Table 1- Average In-stock Rates C B 95% 1000 Besides, the list price levels and the weekly demand values for each product are presented in Table 2. 85% 10 Table 2 Regular Price and Weekly Demand Levels - A B C D 900 D 20 97% 1200 5 E 100 75% E 40 300 e level that each product generates. ge ng
Transcribed Image Text:FAS As a manager of a chain of local supermarkets in the Tuzla district, you carefully observe the stock performance of products A, B, C, D, and E that earn you an edge over your competitors. You do not want to run out of these items, as this would cause lost revenue. You are extending these products to the market at five stores, denoted by S1, S2, S3, S4, and S5. Average In-stock rates belonging to each product are given by: Average In-stock Rate Price ($ per unit) Weekly Demand A (units) 99% Table 1- Average In-stock Rates C B 95% 1000 Besides, the list price levels and the weekly demand values for each product are presented in Table 2. 85% 10 Table 2 Regular Price and Weekly Demand Levels - A B C D 900 D 20 97% 1200 5 E 100 75% E 40 300 e level that each product generates. ge ng
unit holding cost ($ per year) A 1 Table 3 Unit holding cost values per year - B 2 C 5 D 3 E 1
Transcribed Image Text:unit holding cost ($ per year) A 1 Table 3 Unit holding cost values per year - B 2 C 5 D 3 E 1
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.
SEE MORE TEXTBOOKS