Suppose that you sell puppies. In the last 40 weeks, you have seen an average of 2 customers ask for puppies per week. Suppose that you can only carry 4 puppies in stock. When you run out of puppies, at the beginning of the next week you order 2 plus the number you sold the previous week. Make an appropriate assumption and determine a reasonable range of :
1. Average resupply order size
2. Probabilities that demand exceeds supply.
3. Expected puppies sold
Suppose that you sell puppies. In the last 40 weeks, you have seen an average of 2 customers ask for puppies per week. Suppose that you can only carry 4 puppies in stock. When you run out of puppies,...
1. When it comes to financial matters, the views of Aristotle can be stated as: a. usury is nature’s way of helping each other. b. the fact that money is barren makes it the ideal medium of exchange. c. charging interest is immoral because money is not productive. d. when you lend money, it grows more money. e. interest is too high if it can’t be paid back. 2. Since 2008, when the monetary base was about $800 billion,...
SYNOPSIS The product manager for coffee development at Kraft Canada must decide whether to introduce the company's new line of single-serve coffee pods or to await results from the product's launch in the United States. Key strategic decisions include choosing the target market to focus on and determining the value proposition to emphasize. Important questions are also raised in regard to how the new product should be branded, the flavors to offer, whether Kraft should use traditional distribution channels or...