Acadia Logistics anticipates that it will need more distribution center space to accommodate what it believes will be a significant increase in demand for its final-mile services. Acadia could either lease public warehouse space to cover all levels of demand or construct its own distribution center to meet a specified level of demand, and then use public warehousing to cover the rest. The yearly cost of building and operating its own facility, including the amortized cost of construction, is $15.00 per square foot. The yearly cost of leasing public warehouse space is $24.50 per square foot. Click the icon to view the expected demand requirements. a. The expected value of leasing public warehouse space as required by demand is S (Enter your response as a whole number.) - X More Info 830,000 Requirements (in sq. ft) Probability 230,000 430,000 630,000 0.35 0.4 0.2 0.05
Q: Clean Up Project in Karbabad, what will be its completion time? Your answer should show the network…
A: The project completion time is depicted by the critical path of the project. It is taken as the path…
Q: Fenton and Farrah Friendly, husband-and-wife car dealers, are soon going to open a new dealership.…
A: In probability analysis, the expected value can be calculated by multiplying each possible…
Q: Managing Your Boss’s Moods and Emotions Ted is a forensic accountant at the law firm of…
A: Managing up makes your manager's (and your) work easier when done correctly. It won't go unnoticed…
Q: 21. Which one of the strategic leaders tries to protect the organization from the impact of outside…
A: Note- Hi! Thank you for the question As per the honour code, We’ll answer the first question since…
Q: For every ERP system, what is the ideal testing strategy
A: Enterprise Resource Planning : Enterprise Resource Planning also known as ERP is a comprehensive…
Q: Identify and explian how you will manage : One specific project management risk on a bookstore…
A: There are number of risks which might be faced by a bookstore website. A website must be designed in…
Q: Compute the hourly capacity of this system. Enter your answer with ONE decimal point.
A:
Q: Explain your understanding about Performance Dashboard, what they should do, and why they're…
A: Key performance indicators are described as the important indicators that highlight the progress…
Q: The operating budget of the Black Monster company is given below. Sales $425000 Fixed costs $122000…
A: Breakeven point (BEP) identifying the unit level of an item or revenue level which facilitate the…
Q: Reflect on how a research process, and topic of study, have influenced your interest and involvement…
A: The capstone project has now become an integral part of the curriculum in university degrees. It…
Q: What are the five key findings of the report by Duke University and Booz & Hamilton on global…
A: The 2006 Duke CIBER/Booz Allen offshoring study led by Professor Arie Y Lewin at Duke's Fuqua…
Q: must give information about six drivers Explain how the design of the distribution network affects…
A: In simple sense, distribution can be defined as the combination of all the activities that are…
Q: a) What challenges have been faced by various bodies when implementing e-procurement in…
A: A. Procurement directors wear several hats and are in charge of a wide variety of responsibilities,…
Q: Question 31 The European Community treaties do not address discrimination on religious or ethnic…
A: The Treaties of the European Union (EU Treaties) are a set of international treaties between EU…
Q: Hanson’s first task at Horizon involves determining if the existing information system should be…
A: Expected monetary value is computed by doing the sumproduct of the expected value with the…
Q: a) What is Product Breakdown Structure (PBS)?
A: Product breakdown structure:- A product breakdown structure, sometimes called an RFP, is an outline…
Q: 3. How much more does Dayton Pharmacy have to sell if it lowers its prices just to remain the same…
A: The formal records of financial activities and position of a business, person, or other entity are…
Q: Eight Flags operates several amusement parks in the Midwest. The company stocks machine oil to…
A: Total cost is the total of all expenditures incurred by a corporation in order to produce a given…
Q: efficiency and efficacy. Write a page describing how this technology will benefit an SCM. Identify…
A: Basically 3D printing call it as AM(Additive Manufacturing). And these two topics additive…
Q: Which among the following scenario shows higher productivity when the demand is 100 units? a, A…
A: Productivity is the measurement of performance. It is rate of output to the input. How much value…
Q: Operations Management Question
A: Command and control can be stated as the type of environmental rules and regulations that permits…
Q: Mr. A, an employee, timed in 4 minutes and 27 seconds late for work this morning. While he won't get…
A: The given circumstances can be explained via the principal of GVV. Understated are the seven…
Q: Refer to the Factory-to-Six-Customers problem and start with the original information. Each customer…
A: initial case
Q: I need guidance on how to finish this task. You can give me brief details of each question and i…
A: The given case study is about the use of technology in different operations of small as well as gain…
Q: A mission-critical system is a system that is crucial to the success of a company
A: Mission Critical system:- A mission-critical system is an important part of the infrastructure of a…
Q: 5-6 5-7 6-8 7-8 8-10 9-10 1-2 1-3 2-4 3-4 3-5 4-9 6. Construct the network and find critical path.…
A: A network diagram is a visual representation of a project which helps to calculate the project…
Q: What are ways in which a company could collaborate with customers for new-product design?
A: New product development brings something new to the product or services for the customers. Each…
Q: What is meant by a dysfunctional effect of change? Give appropriate example.
A: Change refers to the innovation in the startegy,technology,process or anything which could bring a…
Q: Firm XYZ makes custom outfits in three tailoring shops in Albany, Boston, and Hartford. These…
A: Given data is
Q: Recognize and categorize the data on your computer or personal digital assistant. What information…
A: Data is a collection information. Recognize and categorize data is a suffocating task. Because of…
Q: center of gravity destination coordinates and shipment load: monthly quantity 200 destination x…
A: The center of gravity is used to locate single facilities considering existing facilities, the…
Q: Normal Normal Crash Cost, $ Time 150 200 200 350 250 Crash Cost, $ 200 350 250 650 slope Time 25 150…
A: Project crashing is a process which helps to reduce the total duration of a project using additional…
Q: The Swedish Bakery gets an average of 8 customers per hour. Tim Gonzales, the server, can serve a…
A: Given, in the swedish bakery, Arrival rate of customers, λ =8 per hour = 8÷60 =0.13 customers per…
Q: A manufacturer produces both widgets and gadgets. Widgets generate a profit of $50 each and gadgets…
A: to solve this, we need to find the net profit by subtracting the setup cost incurred from the gross…
Q: Cafe Celo uses 250 kg of sirloin steak for its meals, every month with an ordering cost of BD 15 and…
A: Optimal ordering method indicating EOQ model which helps to determine the lowest cost for annual…
Q: Blis Stadium has the physical ability to handle 71,870 Bills fans, yet the Executive Director of…
A: Find the Given details below: Given details Average attendance 68839 Fans Design Capacity…
Q: In the event that a competence rating is assigned to each ability that an employee has, where would…
A: Competence rating- A short or simple rating scheme provides a definition of competency and invites…
Q: To attract, satisfy, and retain the better customers during the upcoming year, a business would…
A: Customer satisfaction can be stated as the measurement that evaluates how happy the clients are with…
Q: erm plan and data required for the exercise.
A: Successful long-term planning has four key components. The Board of Directors has an important role…
Q: A manufacturing company makes two products (denoted as X and Y) through two ma- chines (denoted as A…
A: (1) maximize X + Y subject to 50 X + 24 Y <= 40 hours x 60 minutes per hour 30X +…
Q: Question one What challenges have been faced by various bodies when implementing e- procurement in…
A: E-procurement is the business-to-business, business-to-consumer purchase and sales of supplies and…
Q: What, according to the organizers of the Putting Lot, is the theme that carries throughout their…
A: Note- Hi! Thank you for the question As per the honour code, We’ll answer the first question since…
Q: The Alpine Sports Company makes a line of winter sports equipment, including skis, snowboards, and…
A: Sensitivty report helps to analyse the optimal ranges for a given set of constraints.
Q: A) What challenges have been faced by various bodies when implementing e-procurement in…
A: A. Challenges while implementing e-procurement Procurement directors wear several hats and are…
Q: Dear students, for this assignment I want you to think (critically!) about what the advantages and…
A: The Modes of Transportation is defined as various ways of Transportation or transporting goods or…
Q: Suppose it is decided that the number of hours used in the assembly process must be at least 90% of…
A:
Q: Given the building layout for Store A, Store B, Store C, and Store D, what portion of the shared…
A: Apportioned cost is the method of distributing the different cost on the basis of proportion. It is…
Q: Given what we have recently gone through with the COVID crisis, what are the pitfalls of having a…
A: The COVID-19 pandemic has changed the business environment in many organizations and now these…
Q: In the Fulfillment Process, we are doing which of the following activities: Selling…
A: Order fulfillment refers to the process where goods are received, processed and then delivered to…
Q: Problem 11-6 (Algo) Richard's Sporting Goods needs to fill an online order for 150 hockey sticks.…
A: Given data: Number of orders = 150 stickValue of hockey sticks = $50/stickCarrier charge =…
Step by step
Solved in 3 steps
- Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. Is Ben Gibson acting legally? Is he acting ethically? Why or why not?Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?Located in the picturesque Berkshire Mountains of Western Massachusetts, Ski Butternut has been a family-owned, family-oriented ski destination for more than 50 years. The resort includes 22 trails for downhill skiing and snowboarding, two terrain parks for riding, and a dedicated area for snow tubing. Although Ski Butternut hosts some non-ski events during summer and fall, its business goes into high gear when snowy weather arrives, bringing skiers and riders from across Massachusetts, Connecticut, New York, and New Jersey. Matt Sawyer, Ski Butternuts director of marketing, says the primary target market has always been families with young children who are seeking affordable skiing. Everything from the snack-bar menus to the ski-shop merchandise is presented with families in mind. So that parents can have fun in the snow without worry, the resort has a Childrens Center for children who are too young to ski or have no interest. Fifth-graders are invited to ski for free when accompanied by an adult who buys an adult lift ticket. The resort also created two terrain parks for young snowboarders who were clamoring for a more exciting riding experience. Without the terrain parks, Sawyer says, these boarders would have asked their parents to take them to competing mountains in Vermont. Ski Butternuts research shows that first-timers are a particularly important segment, because they tend to have a strong allegiance to the resort where they learn to ski. First-timers typically visit the resort seven times before seeking out more challenging mountains. As a result, Ski Butternut has made teaching first-timers to ski or snowboard one of its specialties. For this market, the resort bundles ski or board rentals, lift tickets, and also offers a wide range of individual and group lessons for all ages and abilities at a value price. Because Ski Butternut has trails for different skill levels, beginners can challenge themselves by changing trails within the resort once they feel confident. Ski Butternut also targets seniors and college students. Knowing that weekends are the busiest period, the resort offers special midweek prices to attract seniors who have free time to ski on weekdays. College students are particularly value-conscious, and they often travel to ski resorts as a group. As a result, Ski Butternut offers weekend and holiday discounts to bring in large numbers of students who would otherwise ski elsewhere. Thanks to Facebook, Twitter, and other social media, students quickly spread the word about special pricing, which enhances Ski Butternuts ability to reach this key segment. In addition, the resort highlights discount pricing for families when targeting specific segments, such as scout troops, military personnel, emergency services personnel, and members of local ski clubs. Another segment Ski Butternut has selected for marketing attention is ski racers. The resort features professional coaching, lessons, and programs for ski racers in the age group of 8 to 20. Sawyer notes that these ski racers are extremely dedicated to training, which means theyre on the slopes as often as possible, a positive for the resorts attendance and revenue. To stay in touch with racers, Ski Butternut has a special website and a dedicated Facebook page. Sawyer conducts up to 1,200 customer surveys every year to better understand who his customers are and what they need. He also compares the results with skiers who visit mountains of a similar size in other areas. Digging deeper, he analyzes data drawn from the ski shops rental business to build a detailed picture of customers demographics, abilities, and preferences. Based on this research, he knows that the typical family at Ski Butternut consists of two children under age 18 who ski or ride, and at least one parent who skis. Because they can obtain so much information from and about their customers, Sawyer and his team are able to make better decisions about the marketing mix for each segment. By better matching the media with the audience, they get a better response from advertising, e-mail messages, and other marketing communications. As one example, they found that 15 percent of the visitors to Ski Butternuts website were using a smartphone to access the site. Sawyer has now created a special version of the site specifically for mobile use and created a text-message contest to engage skiers who have smartphones.16 Of the four categories of variables, which one seems to be the most central to Ski Butternuts segmentation strategy, and why?
- Located in the picturesque Berkshire Mountains of Western Massachusetts, Ski Butternut has been a family-owned, family-oriented ski destination for more than 50 years. The resort includes 22 trails for downhill skiing and snowboarding, two terrain parks for riding, and a dedicated area for snow tubing. Although Ski Butternut hosts some non-ski events during summer and fall, its business goes into high gear when snowy weather arrives, bringing skiers and riders from across Massachusetts, Connecticut, New York, and New Jersey. Matt Sawyer, Ski Butternuts director of marketing, says the primary target market has always been families with young children who are seeking affordable skiing. Everything from the snack-bar menus to the ski-shop merchandise is presented with families in mind. So that parents can have fun in the snow without worry, the resort has a Childrens Center for children who are too young to ski or have no interest. Fifth-graders are invited to ski for free when accompanied by an adult who buys an adult lift ticket. The resort also created two terrain parks for young snowboarders who were clamoring for a more exciting riding experience. Without the terrain parks, Sawyer says, these boarders would have asked their parents to take them to competing mountains in Vermont. Ski Butternuts research shows that first-timers are a particularly important segment, because they tend to have a strong allegiance to the resort where they learn to ski. First-timers typically visit the resort seven times before seeking out more challenging mountains. As a result, Ski Butternut has made teaching first-timers to ski or snowboard one of its specialties. For this market, the resort bundles ski or board rentals, lift tickets, and also offers a wide range of individual and group lessons for all ages and abilities at a value price. Because Ski Butternut has trails for different skill levels, beginners can challenge themselves by changing trails within the resort once they feel confident. Ski Butternut also targets seniors and college students. Knowing that weekends are the busiest period, the resort offers special midweek prices to attract seniors who have free time to ski on weekdays. College students are particularly value-conscious, and they often travel to ski resorts as a group. As a result, Ski Butternut offers weekend and holiday discounts to bring in large numbers of students who would otherwise ski elsewhere. Thanks to Facebook, Twitter, and other social media, students quickly spread the word about special pricing, which enhances Ski Butternuts ability to reach this key segment. In addition, the resort highlights discount pricing for families when targeting specific segments, such as scout troops, military personnel, emergency services personnel, and members of local ski clubs. Another segment Ski Butternut has selected for marketing attention is ski racers. The resort features professional coaching, lessons, and programs for ski racers in the age group of 8 to 20. Sawyer notes that these ski racers are extremely dedicated to training, which means theyre on the slopes as often as possible, a positive for the resorts attendance and revenue. To stay in touch with racers, Ski Butternut has a special website and a dedicated Facebook page. Sawyer conducts up to 1,200 customer surveys every year to better understand who his customers are and what they need. He also compares the results with skiers who visit mountains of a similar size in other areas. Digging deeper, he analyzes data drawn from the ski shops rental business to build a detailed picture of customers demographics, abilities, and preferences. Based on this research, he knows that the typical family at Ski Butternut consists of two children under age 18 who ski or ride, and at least one parent who skis. Because they can obtain so much information from and about their customers, Sawyer and his team are able to make better decisions about the marketing mix for each segment. By better matching the media with the audience, they get a better response from advertising, e-mail messages, and other marketing communications. As one example, they found that 15 percent of the visitors to Ski Butternuts website were using a smartphone to access the site. Sawyer has now created a special version of the site specifically for mobile use and created a text-message contest to engage skiers who have smartphones.16 What role do geographic variables play in Ski Butternuts segmentation and targeting?Located in the picturesque Berkshire Mountains of Western Massachusetts, Ski Butternut has been a family-owned, family-oriented ski destination for more than 50 years. The resort includes 22 trails for downhill skiing and snowboarding, two terrain parks for riding, and a dedicated area for snow tubing. Although Ski Butternut hosts some non-ski events during summer and fall, its business goes into high gear when snowy weather arrives, bringing skiers and riders from across Massachusetts, Connecticut, New York, and New Jersey. Matt Sawyer, Ski Butternuts director of marketing, says the primary target market has always been families with young children who are seeking affordable skiing. Everything from the snack-bar menus to the ski-shop merchandise is presented with families in mind. So that parents can have fun in the snow without worry, the resort has a Childrens Center for children who are too young to ski or have no interest. Fifth-graders are invited to ski for free when accompanied by an adult who buys an adult lift ticket. The resort also created two terrain parks for young snowboarders who were clamoring for a more exciting riding experience. Without the terrain parks, Sawyer says, these boarders would have asked their parents to take them to competing mountains in Vermont. Ski Butternuts research shows that first-timers are a particularly important segment, because they tend to have a strong allegiance to the resort where they learn to ski. First-timers typically visit the resort seven times before seeking out more challenging mountains. As a result, Ski Butternut has made teaching first-timers to ski or snowboard one of its specialties. For this market, the resort bundles ski or board rentals, lift tickets, and also offers a wide range of individual and group lessons for all ages and abilities at a value price. Because Ski Butternut has trails for different skill levels, beginners can challenge themselves by changing trails within the resort once they feel confident. Ski Butternut also targets seniors and college students. Knowing that weekends are the busiest period, the resort offers special midweek prices to attract seniors who have free time to ski on weekdays. College students are particularly value-conscious, and they often travel to ski resorts as a group. As a result, Ski Butternut offers weekend and holiday discounts to bring in large numbers of students who would otherwise ski elsewhere. Thanks to Facebook, Twitter, and other social media, students quickly spread the word about special pricing, which enhances Ski Butternuts ability to reach this key segment. In addition, the resort highlights discount pricing for families when targeting specific segments, such as scout troops, military personnel, emergency services personnel, and members of local ski clubs. Another segment Ski Butternut has selected for marketing attention is ski racers. The resort features professional coaching, lessons, and programs for ski racers in the age group of 8 to 20. Sawyer notes that these ski racers are extremely dedicated to training, which means theyre on the slopes as often as possible, a positive for the resorts attendance and revenue. To stay in touch with racers, Ski Butternut has a special website and a dedicated Facebook page. Sawyer conducts up to 1,200 customer surveys every year to better understand who his customers are and what they need. He also compares the results with skiers who visit mountains of a similar size in other areas. Digging deeper, he analyzes data drawn from the ski shops rental business to build a detailed picture of customers demographics, abilities, and preferences. Based on this research, he knows that the typical family at Ski Butternut consists of two children under age 18 who ski or ride, and at least one parent who skis. Because they can obtain so much information from and about their customers, Sawyer and his team are able to make better decisions about the marketing mix for each segment. By better matching the media with the audience, they get a better response from advertising, e-mail messages, and other marketing communications. As one example, they found that 15 percent of the visitors to Ski Butternuts website were using a smartphone to access the site. Sawyer has now created a special version of the site specifically for mobile use and created a text-message contest to engage skiers who have smartphones.16 How is Ski Butternut applying behavioristic variables in its segmentation strategy? Explain your answer.The Tinkan Company produces one-pound cans for the Canadian salmon industry. Each year the salmon spawn during a 24-hour period and must be canned immediately. Tinkan has the following agreement with the salmon industry. The company can deliver as many cans as it chooses. Then the salmon are caught. For each can by which Tinkan falls short of the salmon industrys needs, the company pays the industry a 2 penalty. Cans cost Tinkan 1 to produce and are sold by Tinkan for 2 per can. If any cans are left over, they are returned to Tinkan and the company reimburses the industry 2 for each extra can. These extra cans are put in storage for next year. Each year a can is held in storage, a carrying cost equal to 20% of the cans production cost is incurred. It is well known that the number of salmon harvested during a year is strongly related to the number of salmon harvested the previous year. In fact, using past data, Tinkan estimates that the harvest size in year t, Ht (measured in the number of cans required), is related to the harvest size in the previous year, Ht1, by the equation Ht = Ht1et where et is normally distributed with mean 1.02 and standard deviation 0.10. Tinkan plans to use the following production strategy. For some value of x, it produces enough cans at the beginning of year t to bring its inventory up to x+Ht, where Ht is the predicted harvest size in year t. Then it delivers these cans to the salmon industry. For example, if it uses x = 100,000, the predicted harvest size is 500,000 cans, and 80,000 cans are already in inventory, then Tinkan produces and delivers 520,000 cans. Given that the harvest size for the previous year was 550,000 cans, use simulation to help Tinkan develop a production strategy that maximizes its expected profit over the next 20 years. Assume that the company begins year 1 with an initial inventory of 300,000 cans.
- The Summer Outdoor Furniture Company produces wooden lawn chairs. The annual demandfrom its store customers is 17,400 chairs per year. The transport and handling costs are $2,600each time a shipment of chairs is delivered to stores from its warehouse. The annual carryingcost is $3.75 per chair. The company is thinking about relocating its warehouse closer to its customers, which would reduce transport and handling costs to $1,900 per order but increase carrying costs to $4.50 per chair per year. Should the company relocate based on inventory costs?Dr Pepper bottles soft drinks that it distributes to retail outlets from ten warehouses in USA. A single bottling plant is located in Seattle. The product is shipped from the plant to the warehouses via trucks each of which possibly travels more than one warehouse in a trip. Dr Pepper outsources the transportation of the products to a third-party trucking company, DHL. DHL charges a fix fee of $500 plus a variable free of $0.80 per miles per a trip of a truck. For instance; if the length of a truck’s trip is 600 miles, then DHL charges 500 + 600*0.80 = $980 to Dr Pepper. The capacity of each truck is 36 pallets but transportation fee does not change if the all capacity is used or not. In a particular day the demands of the warehouses are as listed in the following table. Use Savings method to find the number of routes (trucks) needed, warehouses on the routes, and the sequence the truck should serve the warehouses based on the real distance matrix given below (assume the warehouses are…Prince Electronics, a manufacturer of consumer electronic goods, has five distribution centers in different regions of the country. For one of its products, a highspeed modem priced at $380 per unit, the average weekly demand at each distribution center is 65 units. Average shipment size to each distribution center is 400 units, and average lead time for delivery is 3 weeks. Each distribution center carries 3 weeks' supply as safety stock but holds no anticipation inventory. a. On average, how many dollars of pipeline inventory will be in transit to each distribution center? $nothing. (Enter your response as an integer.) b. How much total inventory (cycle, safety, and pipeline) does Prince hold for all five distribution centers? nothing units. (Enter your response as an integer.)
- The Sofaworld Company purchases upholstery materialfrom Barrett Textiles. The company uses 45,000 yards ofmaterial per year to make sofas. The cost of ordering material from the textile company is $1,500 per order. It costsSofaworld $0.70 per yard annually to hold a yard of material in inventory. Determine the optimal number of yards ofmaterial Sofaworld should order, the minimum total inventory cost, the optimal number of orders per year, and theoptimal time between orders.The Texas Gladiators won the Super Bowl last year. As a result, sportswear such as hats, sweatshirts, sweatpants, and jackets with the Gladiator’s logo are popular. The Gladiators operate an apparel store outside the football stadium. It is near a busy highway, so the store has heavy customer traffic throughout the year, not just on game days. In addition, the stadium has high school or college football and soccer games almost every week in the fall, and baseball games in the spring and summer. The most popular single item the stadium store sells is a red and silver baseball style cap with the Gladiators’ logo on it. The cap has an elastic headband inside it, which conforms to different head sizes. However, the store has had a difficult time keeping the cap in stock, especially during the time between the placement and receipt of an order. Often customers come to the store just for the hat; when it is not in stock, customers are upset, and the store management believes they tend to go…HERO Corporation is considering three options for managing its data processing operation: continuing with its own staff, hiring an outside vendor to do the managing (referred to as outsourcing), or using a combination of its own staff and an outside vendor. The cost of the operation depends on future demand. The annual cost of each option (in thousands of pesos) depends on demand as follows: Demand Demand Demand Staffing Options High Medium Low Own staff 352 325 300 Outsider vendor 450 300 150 Combination 400 325 250 If the decision maker knows nothing about the probabilities of the four states of nature, what is the recommended decision using:i. the optimistic approach and the conservative approach iii. the minimax regret approach iv. the Laplace method