A department store is about to order deluxe, standard, and economy grade DVD players for next year's inventory. The state of the nation's economy (fate) during the year will be a factor on sales for that year. Records over the past 5 years show that if the economy is up, the store will net 4, 3, and 1 million dollars, respectively, on sales of deluxe, standard, and economy grade models; if the economy is down, the company will net - 1, 0, and 3 million dollars, respectively, on sales of deluxe, standard, and economy grade models. Complete parts A through D below. (A) Set up a payoff matrix for this problem. Economy (fate) Up Down Deluxe Dept. Store Standard Economy
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- A department store is about to order deluxe, standard, and economy grade DVD players for next year's inventory. The state of the nation's economy (fate) during the year will be a factor on sales for that year. Records over the past 5 years show that if the economy is up, the store will net 4, 2, and 1 million dollers, respectively, on sales of deluxe, standard, and economy grade models; if the economy is down, the company will net -2, 1, and 4 million dollars, respectively, on sales of deluxe, standard, and economy grade models. Complete parts A through D below. The expected value of the game to the company if it orders only deluxe DVD players and fate plays the strategy "Down" is | (Simplify your answer.) The expected value of the game to the company if it plays its optimal strategy and fate plays the strategy "Down" is (Simplify your answer.)Five-Star company manufactures a line of electric fans. It has experienced sales growth over the last 7 years. The company has implemented several automated systems in its assembly plan and employs a sales, technical specialist, cost, production and engineering managers. However, during early 2020 Five-Star experienced a major dislocation of its operation due to Covid-19 pandemics across the globe. Throughout the Covid-19 lockdown period the company suffered major issues such as production disruption, decline in sales and profit margins. Required: In an effort to manage during and post Covid-19 period, the CEO wants to form a multidisciplinary team to review a recovery analysis after the pandemic is over. What areas of the company should be represented on the team? How would each of the team contribute to the cost and recovery analysis? You are asked to identify each element of the product value chain for the electric fans. What changes do you suggest with each level of value chain…Upgrading an Organization’s ComputersYour organization earns $50 million in annual sales, has 500 employees, andplans to acquire 250 new mobile computers this year along with another 250next year. The goal is to issue every employee a company-owned computer,which they can use at work and at home. The computers will be loaded withantivirus software and productivity software to meet each employee’s business needs. Your organization has decided it will purchase the computersfrom the same manufacturer to obtain a quantity purchase discount. To theextent possible, the goal is to have the same hardware and software foreveryone to simplify the troubleshooting and support of the computers. Thechief financial officer has asked you to lead a project team to define users’computer hardware needs and recommend the most cost-effective solutionfor meeting those needs. Critical Thinking Questions1. Who else (role, department) and how many people would you select to bea member of the team? How would…
- A company selling widgets has found that the number of items sold, x, depends upon the price, p at which 60000 they're sold, according the equation x = V5p + 1 Due to inflation and increasing health benefit costs, the company has been increasing the price by $4 per month. Find the rate at which revenue is changing when the company is selling widgets at $230 each. dollars per monthCoffee RoasteryFocused on keeping its entire supply chain green, the roastery carefully selects the suppliers from whom it sourcescoffee beans. It works directly with farms and farm cooperatives, who are accredited as treating their farmers andemployees fairly and ethically. Approximately 50% of the roastery’s output is used by BB’s academy and coffee bars,ensuring a continued green chain across its businesses. In 2020, the coffee roasting unit produced 4500 tonnes andcontributed 15% of BB’s total revenue. The sustainability positioning has differentiated BB from its peers, and helpedit earn collaborations with socially responsible corporates. Best of all, there is now capacity to expand production toaround 18,000 tonnes at the roastery and start exporting roasted coffee beans to other countries.At present, the roastery is roasting 100% Arabica beans. The average wholesale price BB is able to sell the Arabicabeans for in 2021 is US$3.10, down from US$4.42 in 2014. However, projections…11- It is estimated that consumers will buy Q (p) 4,374 kg of imported beans per week when p2 the price is p$ per kg. It is estimated that t weeks from now, the price of this type of beans will be p(t) = 0.04t2 + 0.2t + 12 dollars per kg. a. Estimate the weekly consumer demand for the beans as a function of t. b. How many kg of beans will consumers buy 10 weeks from now?
- Compute the percentage changes for the following (enter your responses as integers): Initial Value 100 50 10 New Value Percentage Change 112 54.0 12.5Shipments of Product X from a plant to a wholesaler are made in lots of 600. The wholesaler's average demand for X is 100 units per week. The lead time from the plant to the wholesaler is 4 weeks. The wholesaler pays for the shipments when they leave the plant. 4. Refer to the scen ario above. What is the total of the wholesaler's current cycle plus pipeline inventories?. The manager of Petro North gasoline service station wants to forecast the demand for unleaded gasoline next month so that the proper number of gallons can be ordered from the distributor. The manager has accumulated the sales data and forecast accuracy measures during the past 10 months, which are shown in the table below. Fill all blank spaces in the table labeled a through f. Month Feb Mar Apr May Jun Jul Aug Sep Oct Nov 3-month Simple Moving Average N/A N/A N/A 1310.00 1340.00 1443.33 1566.67 1800.00 a 1673.33 Sales (in gallons) 1130 1360 1440 b 1670 1810 1920 1630 1470 1510 MAD N/A N/A N/A 90.00 210.00 262.22 С 262.00 271.11 255.71 MAPD N/A N/A N/A 0.074 d 0.167 0.172 0.159 0.167 0.159 MSE N/A N/A N/A 8100 58500 e 94072 81038 84245 76021 CE N/A N/A N/A -90 240.00 606.67 960.00 790.00 f 310.00
- 1. Daily sales of a firm follows the formula 20,000 s(t) = 20,000 - 1 + 20,000e0,2t where t is time in days since January 1, and s (t) represents the number of output units sold per day at time t. (a) Obtain a formula for s'(t), and hence estimate how fast sales were dropping at the end of March (t = 90). Ans: -1.22 (b) How fast were sales dropping 10 days later? Approximately how many units of output were sold that day? Ans: 0.82 (approximately 1 unit)Please answer in 30 minutes..Metropolitan Hospital has estimated its average monthly bed needs as N=1,000+9X where X=timeperiod(months);January2002=0 N=monthlybedneeds Assume that no new hospital additions are expected in the area in the foreseeable future. The following monthly seasonal adjustment factors have been estimated, using data from the past five years: Forecast Metropolitans bed demand for January, April, July, November, and December 2007. If the following actual and forecast values for June bed demands have been recorded, what seasonal adjustment factor would you recommend be used in making future June forecasts?