Question: You are the buyer for your university bookstore One of
You are the buyer for your university bookstore. One of the textbooks has a cost to you of $100 and you sell it to students for $140. Any copies of the book that you order and do not sell to students can be returned to the publisher for an average $80.credit. (Sometimes you can get full credit but sometimes a new edition is published so you get no credit). In one particular course, demand has averaged 400 books each semester, with a standard deviation of 40. What is your Target Service Level? What is your target order quantity for the course?
Relevant QuestionsIn the same situation as described in problem 26, a text costs $100 and sells for $200. In this case, however, you cannot salvage any value from copies that do not sell because a new edition is published every semester. ...1. Why, in your opinion, is senior management so concerned about the “high” inventory levels at Champion Electric? 2. What would you suggest to Barb as steps to take in addressing the concerns of President ...Using the discussion of Lean Design, consider the design of a iPod competitor. Give examples of each of the following design wastes: • Complexity • Precision • Immaturity • Danger • High Skill Consider some of your recent shopping experiences and discuss instances in which a store was out of stock of items you were planning to purchase. What did you do as a result of the stockout? Suppose a firm, in discussions with customers, learns that customers identify eight factors that they evaluate for every order they receive from suppliers. The firm then finds that its performance is 95 percent on six of ...
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