a) Determine: (I) the optimal number of VCR’s Wiley should order (integer value) (ii) the cycle time (in weeks); and, (iii) his yearly net profit.
b) Wiley is considering allowing backorders. Wiley intends to offer customers a discount of $20 per week for each week the customer must wait for a VCR. Wiley estimates that this policy will result in a drop in demand to 36 VCR’s per week. Order and holding costs will remain the same. Should Wiley adopt this policy? Why or why not?
Recently Asked Questions
- A wheel has in 3.0-kg rim and four spokes, each of mass 1.2 kg. Find the kinetic energy of the wheel when it is rolling at 6.0 m/s on a horizontal surface.
- I need assistance with a case study question from business analytics 3318. It over the case problem: Know Thy Customer. Using k- means clustering on all seven
- How can i write a close analysis essay on lab girl by Hope Jahren?