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.....
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- Suppose a retailer turns its inventory of soda 52 times per year. On average, it has 398 bottles of soda on its shelves. (Round your answer to 1 decimal place.) What is the retailer's average daily sales rate? (Assume 365 days per year.) bottlesA purchaser of a $100,000 single-family home for her family refuses to close escrow after making a $10,000 deposit. She is entitled to Group of answer choices $3,000. $7,000. $10,000. nothingWhich cereal is the better buy: Brand A, on sale at $10 for five 12.8-ounce boxes or Brand B, which costs $10 for four 16.9-ounce boxes?
- The total stockout cost = $ enter your response here. (Enter your response as a whole number.)That One Book sells its books through The Witch and the Wardrobe bookstores. It costs That One Book $0.80 to print each book; it sells the book to The Witch and the Wardrobe for $2.50. The Witch and the Wardrobe then sells the books at retail for $6.00. Whatever doesn’t sell gets thrown away. Demand for the book each issue is normal with a mean of 5219 and a standard deviation of 1610. To give The Witch and the Wardrobe incentive to order more books, it proposes a revenue-sharing contract. Instead of selling the book to The Witch and the Wardrobe for $2.50, That One Book will sell its books to The Witch and the Wardrobe for only $1.00. However, for each book that The Witch and the Wardrobe sells at retail, The Witch and the Wardrobe must give $2.00 back to That One Book. With this revenue sharing agreement in place, what is the optimal order amount that will maximize The Witch and the Wardrobe expected profit? Please do fast ASAPSuppose a retailer turns its inventory of soda 50 times per year. On average, it has 400bottles of soda on its shelves. What is the retailer’s average daily sales rate? (Assume365 days per year.)
- Calculate how many of each packet should the store order to maximize the revenue associated with information packets, and what is the store’s expected revenue. WITHOUT EXCELYou have been asked to help a manufacturing firm that produces a variety of specialty components for local auto speed shops. The firm orders a number of components from suppliers, but the one they have asked you to analyze is special welding rod. Historical data suggests daily consumption of these rods can be modeled by a normal distribution with a mean and standard deviation of 42.3 and 5.1 bolts per day, respectively. The rods come in boxes of 5 rods/box, and the supplier will only ship in box quantities. It takes 2 days to receive an order from the supplier. You may assume that the daily demands are independent and identically distributed, and that inventory position is always known (i.e., continuous review). 1. The current policy is the order thirty boxes from the supplier when inventory position reaches ten boxes. What is the long run fraction of stock outs associated with the current strategy? 2. Assume the cost to place an order is $5 and holding is estimated to be…You run a food bar in UCLA Ackerman, and you sell chocolate croissants for breakfast. Your daily demand for chocolate croissants is on average 50, with a standard deviation of 8. The unit cost of a croissant is $0.70, and you sell at a unit price of $3.00. The refrigerated chocolate croissant must be consumed within 7days (one week) after purchased from your supplier, so you dispose leftover inventory and purchase fresh croissants once every week. Assume the demand in each of the seven days is independently distributed. (The z-table for normal distribution is attached.) (a) What is the optimal weekly purchase quantity for the chocolate croissant? What is average inventory? A student leader, Mark, came to you one day and told you that Anderson School would hold a special event next Thursday morning, and there would be additional demand for the chocolate croissant on that day. Mark wants to reserve a certain amount of croissant from you and sell in the special event at the regular price.…
- At a recent manufacturing workshop, XYZ, Incorporated explained that demand for disposable masks increase rapidly in March 2020 when quarantine mandates first took effect. At the time, retailers could only place a single order to cover demands through the end of the summer. A certain retailer purchased disposal masks from a supplier at a cost of $20 per unit and sold them for $30 per unit. By the end of summer, demand for masks subsided considerably and all masks that weren't sold during the summer could be sold at a discounted price of $18 per unit. The retailer estimated that demand between March and August would be Normally distributed with mu = 10,000 and sigma = 1525 units With, supply chains becoming more stable since March 2020, the retailer is currently in the process of establishing a contract with a disposable mask supplier. The supplier has agreed to sell masks to the retailer for $18 per unit and will make deliveries any time the supplier places an order for a cost of $100…Your boss would like your help on a marketing research project he is conducting on the relationship between the price of juice and the quantity of juice supplied. He hands you the following document: Price of Juice Quantity of Juice Supplied (Dollars per can) (Billions of cans) 0.50 750 0.75 1,000 1.00 1,500 1.25 2,000 Your task is to take this and construct a graphical representation of the data. In doing so, you determine that as the price of juice rises, the quantity of juice supplied increases. This confirms theA restaurant uses 100 per week or 5,000 quart bottles of ketchup each year. The ketchup costs $3.00 per bottle and is served only in whole bottles because its taste quickly deteriorates. The restaurant figures that it costs $10.00 each time an order is placed, and holding costs are 20 percent of the purchase price. It takes 3 weeks for an order to arrive. The restaurant operates 50 weeks per year. The restaurant would like to use an inventory system that minimizes inventory cost. The restaurant has figured that the most economical order size or EOQ is approx. 409 (rounding up the decimals). Approximately, what is the time between two orders (in terms of weeks) 08 06 04 02 None of the above