of stockout will be 0.2177 At 28‚000 the probability of stockout will be 0.0582 3. Compute the projected profit for the order quantities suggested by the management team under three scenarios: worst case in which sales = 10‚000 units‚ most likely case in which sales = 20‚000 units and best case in which sales = 30‚000 units: Order Quantity: 15‚000 were cost price is $16‚ selling price $24 & after holiday selling price $5 |Unit Sales |Profit | |10‚000
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Operations Management Case Study ToysPlus‚ Inc. Murthy‚ vice president of manufacturing for ToysPlus‚ Inc.‚ finished reading the weekly production report for the week ended January 27‚ 2012. Inventories were up once again‚ and service levels were lower than expected. Murthy wondered why these problems could not be solved once and for all. Last year he had installed a new IBM production and inventory control system on the company’s mainframe computer. While the system drastically reduced inventories
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This book by Otis A. Singletary deals with different aspects of the Mexican war. It is a compelling description and concise history of the first successful offensive war in United States military history. The work examines two countries that were unprepared for war. The political intrigues and quarrels in appointing the military commanders‚ as well as the military operations of the war‚ are presented and analyzed in detail. The author also analyzes the role that the Mexican War played in bringing
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Fenech Honors India February 15‚ 2013 Book Review: Train to Pakistan Khushwant Singh opens his novel Train to Pakistan in a seemingly peaceful village on the countryside of Punjabi. Although the small village is fictional‚ it is important to note the historical significance this village‚ its people‚ and the time period represent in the novel. Revered as a one of the finest and best-known renditions of the Indian tragedy of partition‚ Train to Pakistan embodies more than a fictitious community
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Train 664 leaves Thirtieth Street Station bound for New York City at 10:55. Concurrently‚ Train 663 leaves the station‚ headed for Harrisburg. Both trains are‚ confusingly‚ called The Keystone. If Mark and I have tickets for Train 664 because we plan to celebrate his 58th birthday with a day of Manhattan museum-going‚ but somehow end up on Train 663 instead‚ how many miles do we travel in the wrong direction before we realize that we’ve made a terrible mistake? Or‚ to put it another way
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Maglev Trains In this quickly developing world‚ transportation is becoming bigger and bigger an issue. Therefore‚ it is only natural that demands for it are growing rapidly. To meet this demand‚ yet another form of transportation has been introduced: the Maglev train. Maglev‚ derived from the term magnetic levitation‚ is a method of propulsion that uses magnetic levitation to propel vehicles with electromagnets rather than with wheels‚ which causes friction and can wear out the rails. With maglev
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1998 Japanese railway workers check an overpass‚ keeping it safe for the "bullet train" below. (Kyodo) Leaving over 100 people dead‚ the June 3‚ 1998‚ derailing of a German Intercity Express (ICE) high-speed passenger train gave quite a shock to railway authorities in Japan. Particularly shaken were Japan Railway (JR) companies‚ which operate their Shinkansen super-express trains (often called "bullet trains") at speeds of 200 to 300 kilometers (125 to 185 miles) per hour‚ on schedules timed
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Train delays Abstract: We have all at one point experienced a time when the train was delayed. Living next to the train station gave me an opportunity and advantage to collect data in a short period. Over five days I was able to collect the number of times the train was late going eastbound and vice versa. I was able to conclude that average time for trains going westbound was greater than eastbound. In the future I would like to consider the time it was delayed due to the snow because that
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Introduction Green Toy Inc. was founded in 2006‚ created by Robert von Goeben and Laurie Hyman together. Green Toys™ are a line range of environmentally friendly toys made in the USA from 100% recycled milk jugs. Very suitable for ages 0-6 years old‚ Green Toys ™ has been specifically development in order to develop children’s fine motor skills‚ creativity and imagination. A firm favorite among parents‚ their range covers everything from cars and trucks‚ imaginative play toys‚ including games of
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Essay Thesis: Maglev trains will be the future of transportation providing benefits for the environment‚ society‚ and economic benefits. In our world today we have many problems. Problems that we are facing are environmental‚ social‚ and economic issues. This is due to the fact that traveling to work has become a hassle and when your using your car it also causes environmental damage. When people travel in their cars they have to fill it up with gas‚ which we have seen‚ gas prices increasing
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