Offwego Airlines has a daily flight from Chicago to Las Vegas. On average, 18 ticket holderscancel their reservations, so the company intentionally overbooks the flight. Cancellations can bedescribed by a normal distribution with a mean of 18 passengers and a standard deviation of4.55 passengers. Profit per passenger is $99. If a passenger arrives but cannot board due tooverbooking, the company policy is to provide a cash payment of $200. How many ticketsshould be overbooked to maximize expected profit?

Please do not give solution in image format thanku 1. Current total inventory level (I E) of a company is 10,000 units, which are held at 4 different facilities (n E). Next year, the company plans to open 12 new facilities. Provide an estimate on the total future inventory level (I F) for the company. a. 60,000 units b. 10,000 units c. 40,000 units d. 20,000 units e. 17,321 units

Josie Gall's firm has developed the supply, demand, cost, and inventory data that follow. Supply Available Period 1 2 3 Regular Time 40 35 40 Overtime 15 15 15 Subcontract 10 10 10 Demand Forecast 30 units $100 $150 $200 $6 50 65 55 Initial inventory Regular-time cost per unit Overtime cost per unit Subcontract cost per unit Carrying cost per unit per month Assume that the initial inventory has no holding cost in the first period, and backorders are not permitted. Allocating production capacity to meet demand at a minimum cost using the transportation method, the total cost is (Enter your response as a whole number.)

In the single period model, if the excess cost is 7.5 times the shortage cost, the approximate stock - out risk, assuming an optimum service level, is: a. 88.24 % b. 66.18 % c. 10 % d. 11.76 %

We run a fresh produce stand at farmer’s market where we sell avocados and artichokes. Each morning, a supplier drops off bags of these products. We can buy up to 200 bags of avocados and up to 175 bags of artichokes each morning. We resell the bags to customers throughout the day. The contribution margin of avocados is $15/bag; the contribution margin of artichokes is $20/bag. We sell at least twice as many bags of avocados as we do artichokes. We have found that our normal daily demand is between 140 and 350 total bags what are the constaints

This is the agreement to be bound by the terms of the contract. acceptance offer consideration capacity

Opportunity costs are relevant to which of the following decisions? Whether to accept a special order when capacity is limited Whether to makeor buy a product No Yes No No Yes No Yes Yes

Scenario analysis allows a firm to ask what - if type questions in capital budgeting. Question 22Select one: True False

The option attempts to absorb the demand fluctuations is :   Capacity option  Demand option

Demand for stereo headphones and music players for joggers has caused Nina Industries to grow almost 50 percent over the past year. The number of joggers continues to expand, so Nina expects demand for headsets to also expand, because, as yet, no safety laws have been passed to prevent joggers from wearing them. Demand for the players for this year was as follows:   MONTH DEMAND (UNITS) January 4,150 February 4,250 March 3,950 April 4,350 May 4,950 June 4,650 July 5,250 August 4,850 September 5,350 October 5,650 November 6,250 December 5,950   a. Using linear regression analysis, what would you estimate demand to be for each month next year? Using a spreadsheet, follow the general format in Exhibit 3.8. (Do not round intermediate calculations. Round your answers to 2 decimal places.)     b. To be reasonably confident of meeting demand, Nina decides to use 3 standard errors of estimate for safety. How many additional units should be held to meet this…