Question: Please help!! If a customer cannot buy the jersey from NFLShop.com (in the case of a stock-out), they may leave the website disappointed and use
Please help!!
If a customer cannot buy the jersey from NFLShop.com (in the case of a stock-out), they may leave the website disappointed and use other channels (such as nike.com) in the future. The company thinks that the lost customer goodwill cost is $18. What order quantity should the company choose based on this new information? Use three decimals for the critical fractile in your analysis. The error margin allowed is large enough that you should have no problems with the final answer. Hint: Follow the logic in Example 3 of in-class problems. A museum of natural history opened a gift shop which operates 52 weeks per year. Top-selling item is a bird feeder. Sales are 18 units per week, the supplier charges $60 per unit. Ordering cost is $45. Annual holding cost is 25 percent of a feeder's purchasing cost. Use this information to answer Questions 10-15. Note: Use "1 year = 52 weeks" in your conversions. If a customer cannot buy the jersey from NFLShop.com (in the case of a stock-out), they may leave the website disappointed and use other channels (such as nike.com) in the future. The company thinks that the lost customer goodwill cost is $18. What order quantity should the company choose based on this new information? Use three decimals for the critical fractile in your analysis. The error margin allowed is large enough that you should have no problems with the final answer. Hint: Follow the logic in Example 3 of in-class problems. A museum of natural history opened a gift shop which operates 52 weeks per year. Top-selling item is a bird feeder. Sales are 18 units per week, the supplier charges $60 per unit. Ordering cost is $45. Annual holding cost is 25 percent of a feeder's purchasing cost. Use this information to answer Questions 10-15. Note: Use "1 year = 52 weeks" in your conversions
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