Business, 25.04.2020 04:52 cami30031cami3003
A company uses the newsvendor model to manage its inventories and faces normally distributed demand with a coefficient of variation of 0.75. The company decides to order a quantity that exactly equals the mean of its demand forecast.
Which of the following is true regarding this company’s performance measures?
a. There is a 0.50 probability that there is enough inventories to serve all demand.
b. The expected inventory equals 50% of the mean of the demand forecast.
c. The stockout probability is 25%.
Answers: 3
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Why are the four primary service outputs of spatial convenience, lot size, waiting time, and product variety important to logistics management? provide examples of competing firms that differ in the level of each service output provided to customers?
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Cherokee inc. is a merchandiser that provided the following information: amount number of units sold 20,000 selling price per unit $ 30 variable selling expense per unit $ 4 variable administrative expense per unit $ 2 total fixed selling expense $ 40,000 total fixed administrative expense $ 30,000 beginning merchandise inventory $ 24,000 ending merchandise inventory $ 44,000 merchandise purchases $ 180,000 required: 1. prepare a traditional income statement. 2. prepare a contribution format income statement.
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A company uses the newsvendor model to manage its inventories and faces normally distributed demand...
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