Designing the Distribution network for Michaels hardware.
Ellen Lin . Vice president of supply chain at micheals hardware was looking at the
financial result from the past quarter and thought the company could significantly
improve its distribution cost ,
Excersise 12-3: Best Buy
Assume that the Best Buy store has a policy of ordering cell phones from Motorola in lots of 500.
Weekly demand for Motorola cell phones at the store is normally distributed with a mean of 300 and a
standard deviation of 200. Moto
FIN801: Review for Exam I, Fall 2011
Reminder: Mid-terms are given on dates listed in the course schedule and no make-ups will be
Coverage: Chapter 1, 5, 6, 7
Exam format: 25 multiple-choice questions.
Youre allowed to bring the following (no bo