The following prompts are based on the Operations Management P-Systems topic:3) Despite being a horrible candy, you order candy corn each year. Somehow consumers are willing to purchase this for $3.57 and you pay $1.06 for each bag. At the end of the season you are able to discount each bag and sell it for $0.58. What is your desired services level? Express as 0.999 not 99.9%. 4) At your grocery store you review inventory of onions every 4 weeks. You sell this for $1.11 per pound. After you place an order they arrive 6 weeks later. You desire to have a service level of 75 percent. You average sales of 44 pounds per week with a standard deviation of 7 pounds per week. You have 23 on hand. How many pounds do you order?5) You sell Christmas Trees each year. You have averaged 660 trees sold each year with a standard deviation of 143. You desire a 95% service level. How many trees do you order this year? 345Despite being a horrible candy, you order candy corn each year. Somehow consumers are willing to purchase this for $3.57 and you pay $1.06 for each bag. At the end of theseason you are able to discount each bag and sell it for $0.58.What is your desired services level? Express as 0.999 not 99.9%.Type your answer...At your grocery store you review inventory of onions every 4 weeks. You sell this for $1.11 per pound. After you place an order they arrive 6 weeks later. You desire to have aservice level of 75 percent. You average sales of 44 pounds per week with a standard deviation of 7 pounds per week. You have 23 on hand.How many pounds do you order?Type your answer...You sell Christmas Trees each year. You have averaged 660 trees sold each year with a standard deviation of 143.You desire a 95% service level. How many trees do you order this year?Type your answer...--D-100

Selling Price = $3.57Cost Price = $1.06Salvage value = $0.58

Answered: The following prompts are based on the…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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The following prompts are based on the Operations Management P-Systems topic:

3) Despite being a horrible candy, you order candy corn each year. Somehow consumers are willing to purchase this for $3.57 and you pay $1.06 for each bag. At the end of the season you are able to discount each bag and sell it for $0.58.

What is your desired services level? Express as 0.999 not 99.9%.

4) At your grocery store you review inventory of onions every 4 weeks. You sell this for $1.11 per pound. After you place an order they arrive 6 weeks later. You desire to have a service level of 75 percent. You average sales of 44 pounds per week with a standard deviation of 7 pounds per week. You have 23 on hand.

How many pounds do you order?

5) You sell Christmas Trees each year. You have averaged 660 trees sold each year with a standard deviation of 143.

You desire a 95% service level. How many trees do you order this year?