Tyler is hoping to get a lot of custom cake and cookie orders in his new bakery for various parties and celebrations. He considers keeping a stock of celebratory helium balloons in his bakery so that he can sell them alongside the cakes and cookies to add more value for his customers. However, he knows that the demand for custom goods as well as the balloons is like to be probabilistic in nature instead of deterministic. He is trying to create a model of how many balloons to order to keep in stock to minimize the costs of inventory in his little bakery. He identifies the following characteristics and needs your help in filling out the table given below the information. • Ordering Cost is $20.00 per order Cost of balloons is $5.00 per balloon • The bakery uses the 20% annual holding cost rate for all inventory The lead time for a new order of helium balloons is 21 days. Data from other bakeries indicate that the demand during the 21-day lead time follows a normal probability distribution with a weekly mean of 25 balloons and a standard deviation of 7 balloons per week.

Tyler is hoping to get a lot of custom cake and cookie orders in his new bakery for various parties and celebrations. He considers keeping a stock of celebratory helium balloons in his bakery so that he can sell them alongside the cakes and cookies to add more value for his customers. However, he knows that the demand for custom goods as well as the balloons is like to be probabilistic in nature instead of deterministic. He is trying to create a model of how many balloons to order to keep in stock to minimize the costs of inventory in his little bakery. He identifies the following characteristics and needs your help in filling out the table given below the information. • Ordering Cost is $20.00 per order Cost of balloons is $5.00 per balloon • The bakery uses the 20% annual holding cost rate for all inventory The lead time for a new order of helium balloons is 21 days. Data from other bakeries indicate that the demand during the 21-day lead time follows a normal probability distribution with a weekly mean of 25 balloons and a standard deviation of 7 balloons per week.

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

Similar questions

I need help completing the ADvantages and Disadvantages Table
I just need a response to any of the 4 questions that were answered.
Window Help 3 points) If you sto X D2L Ch. 5 Practice Quiz Answers - X + ng.suny.edu/d21/le/content/222761/viewContent/11027495/View Question 27 (3 points) In flatter organizations, employees ₁ October 27, 20 6,33: have greater autonomy will always choose flexible work hours are confused about who is responsible Question 28 (3 points) One common everyday object, Post-It Notes. 3M, Minnesota Mining and Manufacturing. T spend 15% of their time on their own ideas. I
Please help me answer and understand this. My head hurts already. Please provide the solution. Thank you so much.
I need answer typing clear urjent no chatgpt i will give chatgpt
Pls do fast its urgent.. i will give like for sure Solution must be in typed form. I need explain of this question with correct answer.
Please answer all 4 questions, thanks.
TASKS TO BE COMPLETED 1. BUSINESS NAME 2. LOGO 3. TAGLINE 4. BRAND FASCINATION
At a time when the retail industry was undergoing rapid change and increased competition, Denada Group knew it needed to find more efficient and effective ways to keep its managers focused on performance management and results. Denada Group was using a complex, 100% paper process for performance reviews and check-ins for more than 15,000 global employees. They wanted to move toward a digital performance management strategy, but knew they needed to simplify the process first. Denada Group set up four traditional components that were stretched across three strategic touch points throughout the year. These touch points were supplemented with ongoing performance conversations that could be initiated by any employee, at any time. As Denada Group evolved its company-wide performance approach, they were happy to see immediate progress. 92% of employees were participating in goal-setting reviews, setting an average of six goals per employee. However, when they dug into the data, they found…
Please do as much as you can. Anything will help to help me understand this problem. Thank you so much
Please solve all the questions!! I will rate you good for sure!! Send me answer as soon as possible!!
pls answer me those questions Positive Interview Questions: Can you tell me about a skin care product that you absolutely love? What do you like most about this product? How has this product improved the condition of your skin? Would you recommend this product to others? Why or why not? Negative Interview Questions: Can you tell me about a skin care product that you have tried and did not like? What didn't you like about this product? Did this product cause any negative effects on your skin? Have you stopped using this product completely or continued using it despite the negative effects?