41. What is revenue management? A. The use of pricing to increase profits generated from a limited supply of supply chain assets B. Reinvesting earned profits in the supply chain C. Aggregate planning D. Effective management of a supply chain resources
Q: A chain restaurant wants to open a new location. It is considering three (3) potential sites for the…
A: Total Profit = Total Revenue - Total CostTotal Cost = Fixed cost + Variable costVariable cost =Labor…
Q: Disadvantages of using airfreight to ship goods
A: The business environment is becoming more competitive, and the business needs to compete with each…
Q: search topic
A: An annotated bibliography offers a summary or a succinct description of the study that has been done…
Q: please write a strong letter of recommendation as a university proffesor for a student who is…
A: The purpose of the Letter of Recommendation for University is to assist a student in applying to a…
Q: Quality Air Conditioning manufactures three home air conditioners: an economy model, a standard…
A: Given- Max 67E + 95S + 133Ds.t.1E + 1S + 1D ≤ 300 Fan motors1E + 2S + 4D ≤ 340 Cooling coils8E + 12S…
Q: A company in the financial sector will initiate actions to comply with its general internal control…
A: EXPLANATION : Internal controls are the systems utilized by an organization to manage risk and…
Q: A farmer needs to determine how many acres of her property to plant with soybeans and how emany…
A: Linear programming is a technique used to maximize or minimize the set of given variables. These…
Q: 5. A companys customers are either old or new. A customer may be able or not able to provide an…
A: A decision table is a logic-based data entry system used to handle business operations. The…
Q: An activity on a PERT network has an optimistic time of 2 hours, a most likely time of 4 hours, and…
A: Standard deviation is measurement the amount of variation from average or mean. It is calculated the…
Q: Using the correlation coefficient for regression, what is the relationship between BTS's TV…
A: Given, Appearances and demand table to perform regression analysis BTS TV appearances Demand 3…
Q: mportant elements of diversity, equity, and inclusion in a discussion, especially a sense of…
A: Important elements of Diversity, Equity, and Inclusion Creating a robust mentorship program.…
Q: In the lead alloy soldering process, discuss its method for industrial hygiene assessment and…
A: Industrial hygiene is the performing a worksite assessment in which they evaluate a workplace and…
Q: The project's final products may be affected by how well scope modifications are managed and…
A: The final products for a project could be affected by how scope modifications are managed and…
Q: are about using any proje we have managers with de ny of these models depen ent philosophy?
A: A company's method for selecting the project with the highest priority to complete includes project…
Q: Table: Factors causing the decline in sales Factors % Contribution Delayed deliveries 15% Lack…
A: Pareto charts are used to plot the data, which is recorded in descending order using bars. This is a…
Q: Fashionables is a franchisee of The UnLimited, the well-known retailer of fashionable clothing.…
A: Given- Mean Demand = 600 unitsStandard Deviation = 175 unitsPurchase price = $44 per unitSelling…
Q: Calculate the On Hand balance for Week 6 in the MRP work sheet below given the following…
A: Ans) On hand in period 0 = 225 Week 1 demand = 75 On hand in period 1 = 225-75 = 150 Week 2…
Q: Please explain the calculation to get get the answers in the column provided?!
A: Forecasting is a technique used to predict future outcomes on the basis of past data. In businesses…
Q: is presented as following. Draw a project network for this project. Compute the early and late…
A: The critical path method is a project management tool used to identify the sequence of tasks that…
Q: Your regular trucking company that you use to move LTL freight from Winnipeg to Duluth, Minnesota,…
A: Transportation is one of the biggest concern for nearly every goods producing company. The…
Q: 1. Gursoy Manufacturing Company originally estimated its annual demand for item XYZ as 8000 units…
A: EOQ or economic order quantity is a business production model that lets an organization know how…
Q: The following table contains the parameter estimates of the linear probability regression model and…
A: Given- Regression model linear probability = -0.52Logistic probability regression model -x1= 3 x2 =…
Q: Catamount Inc. employs one worker to load packages on an outgoing truck. The work shift is an 8 hour…
A: Find the Given details below: Given details: Shift 8 Hours per day Trucks 40 per day…
Q: What is the expected profit if 1,600 chairs are made?
A: Given data: Sales price = 15000/1000 = $15 per unitVC = 6000/1000 = $6 per unitFixed Costs = $4000
Q: ou didn't answer the full the question
A: Formulae used: Utilization=Actual outputDesign capacity×100 Efficiency=Actual outputEffective…
Q: A women's clothing store operating expenses represent 27% of cost. This provides an operating profit…
A: Selling price is the value of product which buyer pay for product or service.
Q: fish distributor is trying to perfect his business to maximize the money he saves. Daily fish sales…
A: Given data: Mean (μ) = 250 Standard deviation (σ) = 30 Purchase cost = $1.65 Selling price = $4.50…
Q: A group of shareholders reviews with their external consultant the actions carried out so far in…
A: EXPLANATION : Firstly correction of deviations, and by quantitative indicators, for example, Saucy…
Q: Define supply chain management and discuss the four elements of supply chain management
A: Introduction :- A company's performance is dependent on its supply chain management method. From the…
Q: The NRC (National Research Council) of Canada is sending out a request for proposal for a very large…
A: Here, there are two different questions, as per the said guideline, The first question is taken for…
Q: Make the case of how well Baldrige’s 11 Core Values and Concepts embrace or promote Mindful…
A: The business environment is becoming more competitive, and the business needs to compete with each…
Q: Incorrect Question 10 In the EOQ model, what is the total annual purchasing cost if the optimal…
A: Given data is Optimal order quantity (Q) = 100 Number of orders per year = 5 Purchase cost = $2
Q: Consider doctor’s office: Physician’s have 30 min appointment slots starting at 8 AM to 6 PM…
A: Value added refers to the contribution made by each individual in the delivery of a good or service…
Q: Suppose company’s manufacturing facility has a design maximum of 245 clients per week. Its actual…
A: Capacity utilization is the measurement rate which uses to analysis the percentage of company's…
Q: Given the RPN determined by a severity of 4, occurrence of 6, and Detection of 9, should action be…
A: A failure mode or failure cause's risk priority level is expressed numerically in an FMEA analysis…
Q: What would be the average inventory for a company who received $500,000 of stock on January 1 and…
A: Average inventory is the average amount of two accounting period Formula:- Average inventory =…
Q: A corner store sells 100 bags of potato chips each day. The potato chips bags are purchased from a…
A: EOQ or economic order quantity is a business production model that lets an organization know how…
Q: When evaluating costs as to whether your company should build "in house" or contract it externally,…
A: Profit or Loss = Purchase Total Cost - Manufacturing Total Cost.
Q: Typed solution The product design group of Iyengar Electric Supplies, Inc., has determined that it…
A: Total cost = Fixed Cost + Variable costFixed cost for Low tech = $40,000Fixed cost for Subcontract…
Q: 2. How many observations would be necessary for a time studies analyst to be 99% confident that the…
A: Given data: Standard deviation σ=3 minRelative error E=0.3 minAverage time (A) =10.5 min
Q: nologies that are used (IT project management). What characteristics will advanced instruments have?
A: IT project management is the term used to describe the planning, scheduling, execution, monitoring,…
Q: Planning at High Performance Pumps Introduction High Performance Pumps is a small, successful…
A: Q1. Manufacturing Environment: As per the given statement in the case “However,…
Q: A small, independent amusement park collects data on the number of cars with out-of-state license…
A: Formulae used: Average Proportion of defects (P) = Total defectsTotal observations Sp =p¯×(1-p¯)n…
Q: Question 27 Total quality management O a. is the control of quality in all areas of the…
A: The business environment is becoming more competitive, and the business needs to compete with each…
Q: Seastrand Oil Company produces two grades of gasoline: regular and high octane. Both gasolines are…
A: Given data: Crude oil Cost Ingredient A Ingredient B 1 $0.10 0.2 0.6 2 $0.15 0.5 0.3
Q: Palin's Muffler Shop has one standard muffler that fits a large variety of cars. The shop wishes to…
A: The optimal target level is calculate with following formula: optimal target level = Daily demand *…
Q: What are some examples of companies that use lean manufacturing philosophy?
A: Lean Manufacturing Philosophy is the philosophy which focuses on producing…
Q: Based on the following payoff table, answer the following: High Medium Low 20 20 5 25 30 11 30 12 13…
A: Given-
Q: This type of meeting is held on a regularly scheduled basis and usually led by the Project Manager…
A: Some of the basic and universal activities performed by Project managers in any project are:…
Q: A business manager for a grain distributor is asked to decide how many containers of each of two…
A: Decision Variables: Suppose-A is the no. of containers of grain A to purchaseB is the no. of…
41. What is revenue management?
A. The use of pricing to increase profits generated from a limited supply of supply chain
assets
B. Reinvesting earned profits in the supply chain
C. Aggregate planning
D. Effective management of a supply chain resources
Step by step
Solved in 2 steps
- a. Meaning of ABC analysis?Q: How the net profit is calculated for product explain and derive formula for it?Which are some of the things that drive variability in demand management and forecasting? 1. MOQs 2. Promotional sales on products 3. Supplier contracting 4. Order fulfillment 5. Network planning 6. None of the above Please give me answer ASAP with clear explanation.
- 11 A ______ is a customer order that a company accepts in one period but promises to deliver at a later point in time. a delivery order b return order c backorder d buyback order 12 Companies that use ______ strategy employ the options of hiring and laying-off workers, overtime work, subcontracting, and so on to meet demand. a dual strategy b product strategy c chase strategy d mixed strategy 13 The output of the master schedule is a(n) ______. a materials requirement plan b operations plan c master production schedule d production planHelp Save & Exit Submit Saved g Enabled: Chapter 5 What-If Analysis for Linear ... i Based on the following sensitivity report, what would be the impact of changing the objective function coefficient for Product_1 to 17 and changing the objective function coefficient for Product_3 to 10? Variable Cells Final Objective Allowable Allowable Value Reduced Cost Coefficient Increase Decrease Cell Name 12 7. 1E+30 $B$2 Product 1 -2 :58 1E+30 Product 2 175 $B$3 $B$4 1E+30 -1.5 8 Product 3 Constraints Allowable Allowable Final Shadow Constraint R.H.Side Increase Decrease Cell Name Value Price 100 1E+30 100 $H$9 Resource A 800 1E+30 275 Resource B 525 $H$10 $H$11 700 366.6666667 700 Resource_C 700 1.75 100%. because the total change in the objective function coefficients Applying the 100% rule, Prev 1 of 5 Next > CO COCalculate customer life time value for the data below. (Show Work) Purchase Occasion Transition Probability Average Basket Size 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 ΝΑ 55% 75% 78% 83% 81% 81% 86% 82% 85% 90% 93% 85% 89% 85% 91% 97% 97% 96% 85% 83% 89% 82% 79% 82% 89% 88% 86% 67% 75% $46.71 $56.71 $57.93 $56.87 $58.26 $66.90 $63.62 $70.27 $63.03 $62.60 $71.81 $76.76 $78.14 $65.65 $74.84 $81.11 $72.08 $87.30 $71.94 $75.44 $70.35 $72.86 $66.68 $79.90 $93.91 $61.08 $94.16 $100.40 $77.89 $99.70
- 2. Newspaper Stand • A newspaper stand operator has the following sales data for one- year sales of Fine magazine. Quantity Sold per day No. of days quantity sold 10 36 11 54 12 72 13 90 14 108 • The operator wants to know how many copies to stock per day to get the maximum profit. Issues of the magazine sell for $0.50, and costs $0.30. Unsold copies cannot be returned to the distributor.Disscus the possbile causes of the following production waste 4.1.2 Overproduction wastePart B Three-period Four-period Units Units Demanded Period weighted moving weighted moving Demanded Three-period weighted moving average forecast average forecast average forecast Four-period weighted moving average forecast 24 2 25 60 28 50 49 S50 4 32 26.33 46 4.90 39,80 40 41 5 35 29.50 28.6 38 35 38 32.83 31.7 30 32 28 25 26,93 250 es 7 41 36.00 34.9 24 20 8 46 39.00 38 49 43.00 41.8 10 10 53 46.67 45.4 50.50 49.2 1 2 3 4 5 6 7 8 9 10 11 1. Make a comparative analysis out of your answers in the plotted data. (3-5 sentences)