12Bakery A uses the newsvendor model to manage its inventory of bread loafBakery A sells bread for $4.6 per loat that costs $1.7 per loat to make. At the end of the day, the leftover bread is sold at $1.2 per loaf.The critical ratio of the bread loaf=% (Report your answer without the percentage sign. Keep ONE decimal in your answer. For example, f you answer is 0.9563,report 95.6 in the answer)(Difficuity Level Hard)

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Answered: Bakery A uses the newsvendor model to…

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...

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Dart is a product of the Digby company. Digby's sales forecast for Dart is 2067 units. Digby wants to have an extra 10% of units on hand above and beyond their forecast in case sales are better than expected. (They would risk the possibility of excess inventory carrying charges rather than risk lost profits on a stock out.) Taking current inventory into account, what will Dart's Production After Adjustment have to be in order to have a 10% reserve of units available for sale? a. 2053 units b. 2274 units c. 2260 units d. 2067 units
The Instant Paper Clip Office Supply Company sells and delivers office supplies to companies, schools, and agencies within a 50-mile radius of its warehouse. The office supply business is competitive, and the ability to deliver orders promptly is a big factor in getting new customers and maintaining old ones. (Offices typically order not when they run low on supplies, but when they completely run out. As a result, they need their orders immediately.) The manager of the company wants to be certain that enough drivers and vehicles are available to deliver orders promptly and that they have adequate inventory in stock. Therefore, the manager wants to be able to forecast the demand for deliveries during the next month. From the records of previous orders, management has accumulated the following data for the past 10 months: Month Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Orders 145 70 115 85 120 54 82 141 123 94 Compute the…
If the mean = 20.3834 standard deviation = 101.53 1. What is the probability that daily demand will be less than 90 units? excel formula 2. What is the probability that daily demand will be more than 120 units? 3. What is the probability that daily demand will be between 80 and 110 units? 4. What is the probability that daily demand will be exactly 100 units
You sell Candy Corn each year. You have averaged 3,343 pounds of candy corn sold each year with a standard deviation of 130. You desire a 55% service level. How many pounds of candy corn do you order this year? Type your answer.....
A fish restaurant sells fish for 50$ per kg and buys it from the suppliers for 10$ per kg. Fish that were not sold during the day go bad. A manager has estimated that daily demand for fish is normally distributed with a mean of 20kg and a standard deviation of 5 kg. The manager has to decide how much fish to order per day. Find a profit-maximizing order.
The extra inventory we keep just in case the replenishment is delayed is referred to as Group of answer choices a)customer service inventory b)unanticipated excess inventory c)safety stock d) unexplained inventory
is selling Christmas trees. She purchases trees for $10 and sells for $25 each. The number of trees she can sell is normally distributed with a mean of 100 and standard deviation of 30. How many trees should purchase?
Consider a manufacturing company that has an and inventory turnover ratio is 4; if the number of days of operations is 350, what is the average number of days it takes for a unit inventory to sell? Average number of days it takes to sell = (Round your answer to the nearest integer)
Please help to solve step by step.
Inventory on a company's balance sheet is Group of answer choices The product available for sale in the business's day-to-day operations Supplies available for sale in the business's day-to-day operations Equipment, furniture, and fixtures of the business All of the above
Ethan Manufacturing Incorporated produces floor mats for automobiles. The owner, Joseph Ethan, has asked you to assist in estimating maintenance costs. Together, you and Joseph determine that the single best cost driver for maintenance costs is machine hours. These data are from the previous fiscal year for maintenance costs and machine hours: Month Maintenance Costs Machine Hours $ 2,650 1 2 9 10 11 12 2,810 2,960 3,070 3,150 3,120 3,060 2,900 2,670 2,270 2,280 2,500 1,740 1,820 1,900 1,920 1,950 1,930 1,910 1,890 1,750 1,150 1,350 1,640 Required: 1. What is the cost equation for maintenance costs using the high-low method? 2. Calculate the mean absolute percentage error (MAPE) for the cost equation you developed in requirement 1. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the mean absolute percentage error (MAPE) for the cost equation you developed in requirement 1. (Input your final answer as a percentage rounded to 1 decimal…
A convenience store uses the fixed-period inventory control system (FPS) to manage its inventory of distilled water bottles. This system relies on the following information. (a)Using EOQ (rounded up), what is the time interval between reviews T in operating days? Note that after having the rounded-up EOQ, you should not round up values at intermediate steps; and, you should round T up only after the last calculation. (For example: enter 10 for 10 days.) (b) What is the current inventory position (IP) in bottles? (For example: enter 70 for 70 bottles) (c)Without safety stock, what is the replenishment level without safety stock M(AD) in bottles? Note that the question does not ask for M(ST). (For example: enter 70 for 70 bottles) (d)If today is the review day and without safety stock, what is the order quantity in bottles given M(AD)? (For example: enter 70 for 70 bottles)

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