OPIM Assignment 4 1. Cu = 24-11 = $13 Co = 11-7 = $4 Critical ratio = 13/(13+4) = 0.7647 μ = 30‚000 σ = 10‚000 Using normal distribution function (=norminv(0.7647‚30000‚10000))‚ the optimum order quantity is 37‚216 jerseys to maximize profit. 2. Quantity = 32‚000 First‚ we normalize the order quantity to find the z-statistic z=Q-μσ=32‚000-25‚00010‚000=0.7 We then look up the standard normal loss function. The expected lost sale is given by. Lz=0.1429 Therefore‚ the expected lost
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A Winning Proposal A winning proposal takes a considerable amount of time and thought. A winning proposal is written to the evaluators‚ addresses all points of the RFP‚ uses clear and effective communications‚ and is formatted according to the specified guidelines of the RFP. Writing to the evaluators requires knowing what the evaluator wants. Determining what the evaluators want involves communicating with the evaluators well before the government need is solicited in a RFP. The point of communicating
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Week 4 Homework Solutions: Problem Set 4 1. Determining Profit or Loss from an Investment. Three years ago‚ you purchased 150 shares of IBM stock for $88 a share. Today‚ you sold your IBM stock for $103 a share. For this problem‚ ignore commissions that would be charged to buy and sell your IBM shares. a. What is the amount of profit you earned on each share of IBM stock? The profit on each share of IBM stock was $15. $103 priced when each share was sold‚ $88 priced when each
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English 1A August 9 2012 The Expansion of the NFL Generations The National Football League (NFL) has changed over time during its existence from 1920. The National Football League’s experience is even more exciting today then in past generations. The players today are bigger‚ faster‚ and stronger then professional players. Although the same general rules still apply in today’s game‚ but new ones are brought up every year to protect players from injuries. Ever since the league started in
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McDonaldization of the NFL and how it has contributed to a physical culture of nothingness and led to the disenchantment
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important but football seems to be vastly more important and more widely known as a specifically American sport. The overwhelming topic on any sports network such as ESPN and the NFL Network are the growing number of lawsuits against the National Football League concerning head injuries and lack of concern that the leaders of the NFL had about the risk players were being put in. Both sides of the lawsuits are passionate about their ideas and making sure that they are not only heard but that action will
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A well-known coach in football once said‚ “Winning isn’t everything‚ it’s the only thing.”‚ and i disagree with his statement. Have you ever played a sport just because you thought it was fun? I have. I know for a fact that some student athletes who know nothing of a certain sport but still play that sport just for the fun‚ experience‚ and learning of it. As a slightly athletic person myself‚ I’m not in it to just to win it when it comes to basketball‚ I’m in it to have fun‚ like any other boy on
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Winning and Losing To win and lose. They are mere words that define so much in this world. Defining the inevitable path one takes through the rules of competition‚ these rules depict the outcome of the choices a man or woman makes through life – to win or to lose. The term to win originally/ morally symbolised triumph in a persistent effort that usually stood for goodness and belief in the term ‘work before play’. In which‚ to win taught a valuable lesson to ‘keep trying’ and
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The NFL draft is one of the most important times of the year for NFL football teams. Sure you think it is the Super Bowl but that would be a mistake. The NFL draft is held every year in the early spring usually around the end of April. It is usually in the worlds most famous arena‚ Madison Square Garden‚ in New York City the home of the NFL headquarters. NFL Football Teams Draft Picks : The NFL draft consist of seven rounds which should be 7 draft picks for each team but it usually doesn’t work
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lottery ticket were the winning numbers. I jumped for joy and started screaming I won at the top of my lungs. The next day I woke up early‚ got in my car and drove to the lottery redemption center to cash in my ticket. When I get there I parked my car and sat there for a second. My heart was beating so fast I couldn’t wait to get the money in my hands and drive home. I got out of the car and walked in. I got in there and showed them my ticket. They verified it was a winning ticket and wrote my check
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