homework

Satisfactory Essays
ISOM 4770 Supply Chain Management
Individual Homework
Due 6 March, 2014
1. In the EOQ model, when demand doubles, there will be a higher cycle inventory level and therefore each unit of inventory will stay in the system for a longer time before it is sold. Indicate whether the statement is true or false and justify your answers.
(1 point)
2. Yankee Company Ltd. is in the business of making and marketing premium apparel to the United States. One popular item sold each winter is a man’s ski jacket that Yankee sources from an Asian supplier, Red Star. Due to the long production and transportation lead-times, Yankee has to order from Red Star well in advance of the selling season. The unit price Yankee charges its customers (the retailers) is $300. The unit wholesale price charged by Red Star is $140 (including shipment cost). Any jackets leftover at the end of the season can be sold to an outlet chain at $100 per unit. Based on the estimates of the Sales Department, demand for the jacket has a normal distribution with a mean of 3,000 and a standard deviation of 500. Please use Newsboy model with continuous demand to answer the following two independent questions.
(a). In order to determine the optimal order quantity from Red Star, please find the underage cost and the overage cost. What is the CSL (customer service level)?
(1 point)
(b). Suppose Yankee can order from a local US supplier Blue Star at a unit wholesale price of $180 (including shipment cost) during the selling season. In this case, Yankee will place a first order to Red Star before the selling season. During the selling season, if demand is larger than the first order quantity, Yankee will place a second order to Blue Star to make up for the shortfall. (Blue Star can respond quickly without causing any significant delay to the customers of Yankee.) If demand is less than the first order quantity, no second order will be placed and the leftover jackets will be sold to a discount

You May Also Find These Documents Helpful

  • Good Essays

    No Homework

    • 1053 Words
    • 5 Pages

    Demand on No Homework Homework one of life’s struggles for students from the starting of school until the day they graduate. It makes kids hate learning since they know they have to do homework once they get home. Pressure is just one of the things that lead to stress in students because of homework and the need to stay awake all night to finish their homework. In order to get people to help abolish homework one should look to the reasons why homework should not be assigned such as it would be…

    • 1053 Words
    • 5 Pages
    Good Essays
  • Better Essays

    Homework or Not?

    • 1672 Words
    • 7 Pages

    Homework or Not? That is the (Research) Question. By: Alison DeNisco District Administration, March 2013 Woe unto the administrator who ventures forth into the homework wars. Scale it back, and parents will be at your door complaining about a lack of academic rigor. Dial it up, and you’ll get an earful from other parents about interference with after-school activities and family time. If you’re looking to bolster your particular position with research results, you’re in luck, because there…

    • 1672 Words
    • 7 Pages
    Better Essays
  • Satisfactory Essays

    Homework

    • 404 Words
    • 2 Pages

    Homework is bad for you. Researchers say it is excessive and counterproductive(Current Events 10/27/06.) The U.S.A has one of the lowest test scores in the whole world because the teachers give high amounts of homework. Homework in high quantities doesn’t pay off. “First, they say, the government now requires schools to meet higher-than-ever achievement goals for students. If students don't succeed, the school faces penalties. Second, many parents want their children to be able to get into the nation's…

    • 404 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Homework

    • 1011 Words
    • 5 Pages

    tests. Now imagine that you have to lug a heavy book bag home just to sit there and do homework for one to three hours. I know how this feels and I'm sure this is what kids my age have to go through every single day at school. Homework is annoying, boring and just downright hard. Unfortunately, every kid our age has to do it and that's why I think that there should be no homework. There should absolutely be no homework what's so ever because it's too much work, it's completely unfair to kids, and afterschool…

    • 1011 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Homework

    • 708 Words
    • 3 Pages

    Why Kids Should Have Less Homework Homework has been given to students to reinforce what they learn at school, and hopefully to help them learn the material better. Except, too much homework is not helpful, and can be counterproductive. Too much time can be spent on completing homework which could take away a kids social life, family time and takes away time from participating in sports or other activities. The amount of homework a teacher can give to a student should be limited and only assigned…

    • 708 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Homework

    • 758 Words
    • 4 Pages

    I believe, as a student, that homework is just a tool that teachers use to keep us busy. It doesn’t really have a good purpose and there is more of a negative side to it than a positive side. Homework causes kids to get very stressed out, it causes stress in their families, and studies show that it doesn’t improve test scores. It actually shows the opposite: Duke University’s Harris Cooper found out that, “doing more than 60 to 90 min. a night in middle school and more than 2hr. in high school is…

    • 758 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Homework

    • 464 Words
    • 2 Pages

    Essay on Homework by Peter Cameron The theme in Homework by Peter Cameron is about a boy’s struggle to find an answer to the meaning of life. The protagonist, Michael, a senior in high school was faced with a sudden lost of his dog from an unusual accident. He cut a week of school to deal with the situation. Michael discovered that life is uncaring, sad, and meaningless while searching for his answer. The author set the dark mood right away with a gruesome description of his dog’s injury…

    • 464 Words
    • 2 Pages
    Good Essays
  • Better Essays

    Homework! No!

    • 816 Words
    • 4 Pages

    Homework should be reduced Homework are like pills you need it, but it 's are not necessary. Even though homework could give you valuable information it should be reduced because it is not necessary sometimes. In my argument I believe homework should be reduced because it takes much time, cause stress, and reduce our time of sleep. The purpose of this paper is to show readers what less homework causes and how it could be modified. Homework is like a resource you need, it 's necessary, but should…

    • 816 Words
    • 4 Pages
    Better Essays
  • Good Essays

    homework

    • 871 Words
    • 3 Pages

    your work done on time. Homework takes up a lot of time. A reason why homework takes up too much time is you go to bed too late. You are up late if you have a lot of homework you are up late. If you go to bed at an unreasonable hour then the next day will be hard. I think that children go to bed too late because of homework and that makes them not do the best in school. People also get frustrated in school because they are so tired. The last reason I think homework takes up too much time is…

    • 871 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Homework

    • 463 Words
    • 2 Pages

    Week 4 Homework: * 7-2, 7-4, 7-8, and 7-14 AGENCY (7-2.) Residence of a neighborhood financed the installation of sidewalks through a note payable. The note was to be repaid through a special assessment tax on their properties. When is it appropriate to account for special assessment activities in an agency fund? In which fund should the special assessment tax receipts be reported if they do not meet the criteria for an agency fund. GASB standards mandate that a government should account…

    • 463 Words
    • 2 Pages
    Satisfactory Essays