Question: eps. Failure to do so will result in a score of 0 even final answer is JYC Sports sells all types of sport goods and

eps. Failure to do so will result in a score of

eps. Failure to do so will result in a score of "0" even final answer is JYC Sports sells all types of sport goods and costumes. They sell jerseys for many sports events, currently they need to estimate the jerseys for the World Cup sport event. Due to heavy demand purchasing manager of JYC Sports make longer than normal period to fulfill. Therefore, the knows that he has only one opportunity to order the number of jerseys to order for the event, he end of the event unsold jerseys will be salvager to get the jerseys prior to the event start, and at the a) For the upcoming sport event, assume that the demand of the jerseys can be approximated by a normal distribution with a mean of 3200 jerseys and standard deviation of 318 jerseys. At the end of the event any unsold jersey is salvaged, and the marginal cost of each such jersey is $7.35 to the company. Using the single period inventory model, purchasing manager finds out that the optimal order quantity is 3416 jerseys for the season. Calculate the implied marginal cost of being short? (Round the answer to two decimal places) b) Independent of part (a), assume that the marginal cost of being short is $25.46 and the unsold jerseys at the end of the event are salvaged at a marginal cost of $7.35. What should be the optimal order quantity? (Round the final answer to the nearest integer) c) Independent of part (a) and (b). Assume that each jersey costs $21.5 and is sold at a price of $38. At the end of the event any unsold jersey has an expected salvage value of $7.65. For the upcoming event, how many jerseys should be ordered if the demand for the jerseys is well represented by the following discrete distribution? When you completed a problem, upload the solution immediately before moving to the next problem. If this is your last problem, then submit the exam

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!