Get in touch with us
Send us an e-mail
Question
1. On consecutive Sundays, Mac, the owner of a local newsstand, purchases a number of The Supply Chain Digest, a popular weekly magazine. He pays 25 cents for each copy and sells it for 75 cents. Copies he has not sold during the week can be salvaged for 10 cents each. Mac's newsstand sees a weekly demand for the magazine to be approximately uniformly distributed with the range [50; 200]. Assume that the publisher of the SC Digest incurs only 13 cents to publish a copy of the magazine.
2. (Bonus - 1 point) Solve the above problem assuming that the weekly demand for the magazine to be approximately normally distributed with mean 125 units and standard deviation 25 units.
3. Solve the above problem assuming that the weekly demand for the magazine to be approximately exponentially distributed with mean 125 units.
4. Blue Skies Airlines has decided to apply the capacity-controlled discount fares model to one of its flights. This flight can accept 500 reservations for seats in the main cabin. The flight attracts a large number of business travelers, who typically make their reservation within a few days of the flight but are willing to pay a relatively high fare of $1120 for this flexibility. However, the substantial majority of the passengers need to be leisure travelers in order to fill up the plane. Therefore, to attract enough of these travelers, a very low discount fare of $330 is ordered to passengers who make their reservations at least 14 days in advance and satisfy certain other restrictions (including no refunds).
5. Transcontinental Airlines has a daily flight (excluding weekends) from San Francisco to Chicago that is mainly used by business travelers. There are 480 seats available in the single cabin. The average fare per seat is $600. This is a non-refundable fare, so no-shows forfeit the entire fare. The enterprises optimization group at Transcontinental has observed that only 90% of the customers who make reservations for this flight actually show up to take the flight. If overbooked, customers will be bumped to another flight. When a customer is bumped, the airlines arranges to put the customer on the next available flight to Chicago on another airline. The company's average cost for doing this is $900. In addition, the company gives the customer a voucher worth of $400 for use on a future flight.
Summary
These questions belong to Supply chain management. These are some of the example supply chain problems which help you to practice various assumptions and combinations. The answer has solutions to all the assumptions in detail.
Total Word Count 1834
This is my third time working with HelpwithAssignment.com and still they amaze me every time. If anyone wants finest quality papers for assignment, then I definitely recommend HelpwithAssignment.com for that.
Writing Algorithm is not an easy job! Especially for a third semester student! I was really lost and was not sure about what exactly to do. I was seriously thinking of quitting the course and returning home when I came across HelpwithAssignment.com. Since then it is a wonderful experience. Not only that I know the difference between a Java code and MSQL one but also I got good grades and things are looking very positive."
Math is one of the most adaptive subjects to the online classroom. With a multitude of tools and ways to communicate, math tutoring online with HelpwithAssignment has proven to help students like me make incredible improvements in overall math performance as well as on specific tests and exams.
I am really happy with the service I have got so far from here! They know our Taxation law syllabus in Singapore and provide solutions which are well appreciated by the teachers at my university.
I was stuck with a strategic human resource management assignment when I first took help from HwA. The corporate strategy assignment expert was wonderful and since then I have taken assistance many more times.
Comments
this is a very good website
I have 50 questions for the same test your page is showing only 28
hi can you please help or guide me to answer my assignments. thanks
hi can anyone help or guide me to my assignments. thanks
This solution is perfect ...thanks
Hello Allison,I love the 2nd image that you did! I also, had never heard of SumoPaint, is something that I will have to exolpre a bit! I understand completely the 52 (or so) youtube videos that you probably watched. Sometimes they have what you want, sometimes they don't! However, it is always satisfying when you are able to produce something that you have taught yourself. Great job!Debra 0 likes
Perfect bank of solution.
great !
thanks for the quick response. the solution looks good. :)
thnx for the answer. it was perfect. just the way i wanted it.
works fine.