Essay about Caso Hamptonshire Express

Using the spreadsheet, we found Q* = NORM.INV(.8,500,100) = 584.16. The simulation and newsvendor model give the same optimal stocking quantity.

SQRT(2 * F * T / H) = (2 * 80 * 200,000 / 1.00)0.5

The next task is to provide the optimum number of shoelaces to order, using appropriate cost balancing. The economic order quantity (EOQ) is the order amount that allows for an optimum level of materials at the lowest cost possible. There is a demand ofr 300,000 shoelaces per year. The setup cost is $125 per order. There is a $.10 holding cost per unit. The optimal order quantity recommended is 27,386.13 shoelaces per order, with a maximum inventory of 27,386.13. This means that we will order just the amount of shoelaces needed to fulfill current production orders. The average inventory is 13,693.06 shoelaces. There will be approximately 10.95 orders per year. The annual setup cost is $1,369.31, and the annual holding cost is $1,369.31. This makes the total cost per year $2, 738.61. This decision tool allows us to calculate the correct amount needed per order to ensure that we are lowering operating and holding costs, while keeping production properly stocked.

News reporting in the United States has moved and developed through several successive periods. It begins in the early stages of American history during the colonial period where news was not nearly as important as it is today. We have seen news reporting in the Party Press Era where politics heavily influenced newspaper content. News then reached a greater audience with the establishment of the Penny Press, which also created more relevant newspaper content. In the late 1800s, news reporting in the United States experienced over-dramatization and sensationalism during the Yellow Journalism period.

C. Using a table to compare the difference between problem #1 and problem #2, respectively, we can see the obvious differences between the optimal stocking quantity and daily expected profit figures.

$ 4,000 8 Purchase 800 units @ $10.40 = 8,320 16 Purchase 600 units @ $10.80 = 6,480 24 Purchase 200 units @ $11.60 = 2,320 2,000 $21,120 Required: (a) Calculate the ending inventory using FIFO assuming 400 units remain on hand at May 31. (show calculations) (b) Calculate the ending inventory using average cost assuming 400 units remain on hand at May 31. (show calculations) Part E (10

Mallory decides to spend three hours working overtime rather than watching a video with her friends. She earns $8 an hour. Her opportunity cost of working is

“Los Angeles Times is the largest metropolitan daily newspaper in the country, with a readership of 1.5 million Monday through Saturday and 2.6 million on Sunday, more than 22 million unique latimes.com visitors monthly and a combined print and online local weekly audience of 4 million. The Pulitzer Prize-winning Times has been covering Southern California for more than 132 years” (Tribune Publishing, n.d.). From this published report company, it does not appear that the Los Angeles Tribune is dying anytime soon. Instead of a price ($) for paper, let us see what goes into getting the paper. The consumption of paper alone should make a consumer realize that a newspaper is better off read on the internet. In 2004, 8 million tons of office paper was used, which equals 178 million trees. Growth- global paper products consumption has tripled over the past three decades and was expected to grow another half by 2010. Can you imagine what it was

London Free Press- major local newspaper, published 6 days each week, 245 000 readers and 80 000 new hits

Jerkiewicz, who worked in the newspaper business for 15 years, said the subscriptions have fallen drastically. In 1995 the newspaper has about 24,000 copies in circulation, but in 2010, only has 9,000 copies in circulation. The readers however, had not quit reading the news, but had turned to online sources. He adds that magazines and newspapers should have a strong digital marketing plan. He thinks that traditional printing will continue to decline, but will never die out. There will still be a market, but it will just be smaller than it is now. He says that Kindle had not run print books out of business, and it never will. He adds that printing is so cheap now that printers are going out of business because falling subscription levels are leading to

3. Suppose that if you buy one Big Mac that gives you marginal utility of 500 and a second

20-12.Refer to the following table for a different consumer, and assume that each week this consumer buys only hot dogs and tickets to baseball games. The price of a hot dog is $2, and the price of a baseball game is $60. If the consumer’s income is $128 per week, what quantity of each item will he purchase each week at a consumer optimum?

A manufacturing company sells its products directly to customers and operates 5 days a week, 52 weeks a year. The production department of this company can produce at the rate of 60 units per day. The setup cost for a production run is $ 125.00. The cost of holding is $ 4.00 per unit per year. The demand for the item is continuous and constant and is 3,900 units per year. (Note: The demand occurs only when the company is operating, that is, 5 days a week for 52 weeks). Find the optimum number of units to be produced in one batch (economic production quantity). Round the number to nearest integer.

Milligan’s Backyard Storage Kits, a mail order company, sells a variety of backyard storage unit kits and landscaping decorations to its customers. Although the company makes a profit, David Milligan, the company’s owner, realizes that he can improve his company’s operations if he better manages his inventory. Mr. Milligan requests your help in preparing an Inventory Analysis worksheet. The Inventory Analysis worksheet provides Mr. Milligan with information about his annual sales, cost of goods sold, gross profit, and markup on this products. Preparing the worksheet for Mr. Milligan requires you to insert columns, use several functions, and apply proper formatting to the

Optimal Cash Replenishment Level Rose Axels faces a smooth annual demand for cash of $5,000,000, incurs transaction costs of $275 every time they sell marketable securities, and can earn 4.3 percent on their marketable securities. What will be their optimal cash replenishment level? (LG8)