Lakewood Fashions must decide how many lots of assorted ski wear to order for its three stores. Information on pricing, sales, and inventory costs has led to the followi payoff table, in thousands. Order size 1 lot 2 lots 3 lots (a) Show a regret table. Order size 1 lot 2 lots 3 lots 13 9 6 Low 13 9 6 Low Demand Medium High 16 24 32 16 24 32 16 32 61 Demand Medium (b) What decision should be made by the optimist? O 1 lot O2 lots 3 lots 16 32 61 High Maximum Regret

Lakewood Fashions must decide how many lots of assorted ski wear to order for its three stores. Information on pricing, sales, and inventory costs has led to the followi payoff table, in thousands. Order size 1 lot 2 lots 3 lots (a) Show a regret table. Order size 1 lot 2 lots 3 lots 13 9 6 Low 13 9 6 Low Demand Medium High 16 24 32 16 24 32 16 32 61 Demand Medium (b) What decision should be made by the optimist? O 1 lot O2 lots 3 lots 16 32 61 High Maximum Regret

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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3. Price should reflect the organization's a, policy b. vision &, strategy d. All of the above.
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PT Cahaya Pintar Utama (PT. CPU) makes special lights that are popular in new homes. PT. CPU demand for two popular lights (VX-1234 and BX-1010) to be the following over the next 12 weeks, as listed in Table 2. Table 2. Demand data Week 1 2 3 4 5 6 7 8 9 10 11 12 VX-1234 82 94 78 96 105 90 86 75 88 98 110 100 BX-1010 250 280 301 312 290 300 275 286 310 334 350 318 A key component in both lights is a light socket that the bulb is screwed into in the base fixture. Each light has one of these sockets. Given the following information (Table 3). Table 3. Information VX-1234 BX-1010 Light Socket On Hand 185 425 620 Lot Size 325 600 500 (purchase quantity) Lead time (week) 1 1 3 Safety Stock 0 10 20 On Order 50 (week 5) 150 (week 4) - Questions: Develop and complete the material requirement planning to plan the production of…
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Please no written by hand solutions QUESTION 10 10. "Enter our competition and you could win your share of R500 online shopping voucher for yourself AND a R10 000 voucher towards a Women's empowerment NGO of your choice!" Mrs Jacobs entered the competition above at Mr Price and won a R500 voucher. With R500, she can either buy a handbag, a pair of shoes, a pair of jeans or jacket. She already has a jacket, and she does not want new shoes. She would like a pair of jeans but decides to buy a handbag. What is her opportunity cost? a)R500 voucher. b) Handbag C)Pair of shoes. d)Pair of jeans.