Quiz[2]-F10_Key

Quiz[2]-F10_Key - MGMT 361 - Fall 2010 Quiz No. 2:...

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MGMT 361 - Fall 2010 Quiz No. 2: 10/25/2010 Print your name (Last name, First name): ___ ___________________ Last three digits of PUID: _________ Question 1 : Please add up the last three digits of your PUID. Total = _______ Question 2 : (3 points) – A store manager wants to improve his performance by applying the newsvendor model for the next “GAP jeans” promotion. The jeans have a selling price (R) of $40 and purchase price (C) of $30. At the end of a promotion the store will sell “GAP jeans” at 50% discount from the normal price. How much should the manager order, if the expected demand is uniform distributed with a expected minimum demand of 0 (A) and a maximum demand (B), which depends on the last three digits of your PUID. (see Table and Question 1) Sum of the last 3 digits of your PUID. 0 – 10 11 –20 21 – 29 Maximum Demand (B) 1000 1500 2000 F(X) = (R-C)/(R-V) = $10/$20 = 0.5 Qo=0+0.5 B So Qo is equal to half the maximum demand Question 3 : (4 points) – The Carrier Corporation applies the Continuous Review System (s, Q)-
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Quiz[2]-F10_Key - MGMT 361 - Fall 2010 Quiz No. 2:...

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