1. a. The simulation indicates that 584 is the optimum stocking quantity. Daily profit at this stocking quantity is $331.4346. b. Using the newsvendor model‚ Cu = 1 - 0.2 = 0.8 and Co = .2. Cu /(Cu + Co) = .8. Using the spreadsheet‚ we found Q* = NORM.INV(.8‚500‚100) = 584.16. The simulation and newsvendor model give the same optimal stocking quantity. 2. a. According to the simulation spreadsheet‚ 4 hours of investment in creation maximizes daily profit at $371.33. b. Sheen would choose an
Premium Economics Operations research Cost
Many people use credit cards and most of the time the credit card is not used in the right moment.I believe that credit cards are not beneficial because they aren’t used for the right things. It would be very different if they were used correctly‚ credit cards are to be used it case of an emergency‚meaning not to be used when you are going to the 7-eleven to buy a bag of chips an a soda. It has shown that more than 75% percent of americans have been bankrupt or on the verge of it. There are more
Premium Credit card Money Credit card fraud
Credit Card Fraud Some facts about credit card fraud: Credit cards. They are everywhere. They are so easy to use and they are accepted almost anywhere in the world. These are just some of the reasons why there is a big problem in the world today. This problem is known as credit card fraud. Credit card fraud is one of the most common types of fraud that there is. If a dishonest person gets a hold of any type of private information about someone‚ such as a social security number‚ date of birth‚ address
Premium Credit card Credit card fraud Fraud
1. By way of confirmation of year-end accounts receivables‚ auditors hope to verify management assertions regarding the “Existence” of said accounts receivables and its true “Valuation”‚ AU330.12. Year-end sales cut-off test is another important audit procedure‚ which gives the auditor information on the “completeness” of a sale. The aim is to make sure that whatever sales are being recorded is recorded in the correct period. 2. Cooper & Lybrand did indeed made mistakes & errors. First
Premium Financial audit Accounts receivable Auditing
Harvard Business School 9-798-070 Rev. May 23‚ 2007 Airborne Express The officers of Airborne Express could hardly be more pleased.1 Results for the third quarter‚ 1997‚ were spectacular. Revenues for the quarter were up by 29% over the previous year‚ and yearto-date net earnings had increased by more than 500%. Airborne’s management team knew that the great results were‚ in part‚ fleeting. As the third largest player in the express mail industry‚ Airborne had gotten a boost from the recent strike
Premium United Parcel Service Express mail Deutsche Post
CHAPTER 6 Case 1: Telepresence: Meeting Without Traveling 1. What kinds of limitations do you see for users of telepresence? Is it really a substitute for face-to-face meetings? Make a list of features of face-to-face meetings. Then consider a range of business situations as an employee‚ from initial hire‚ to working with a team‚ to understanding what your boss wants‚ and even a termination meeting. How would telepresence work for you in these situations? Face to face meetings have eye
Premium Nonverbal communication Employment
PAMANTASAN NG LUNGSOD NG MAYNILA (University of the City of Manila) Intramuros‚ Manila‚ Philippines COLLEGE OF MANAGEMENT AND ENTREPRENEURSHIP March ____‚ 2013 Dear Sir/Madam: As part of the curriculum of the College of Management and Entrepreneurship‚ we are requiring students to undergo on-the-job training for the purpose of developing their skills through actual exposure in their line of specialization and observe the manner in which related problems can be solved. We incorporated
Premium Manila
the idea of a national identity card has risen. Larry Elison‚ the CEO of Oracle Corp.‚ who sells software for managing large database‚ offered to give his company’s services for the government’s use without a fee. Although national identity are a quick fix‚ Americans lose more of their privacy and freedom. We do not need another card that will cause another payout for taxpayers‚ invades our privacy‚ and not solve any serious problems. Americans feel like we have no other choice
Premium
Indore MBA (PT) IV Sem SHRI VAISHNAV INSTITUTE OF MANAGEMENT INDORE CERTIFICATE SHRI VAISHNAV INSTITUTE OF MANAGEMENT INDORE PROJECT REPORT-2004-05 This is to certify that project entitled Mr. Pravin Pahadiya has accomplished “ATM CARD : A VITAL FACILITY & ITS IMPACT ON ECONOMY” under my guidance and Supervision. This project has been submitted by her as the part of curriculum of Research Methodology of M.B.A(PT)IV sem for the award of the degree of Master Of Business
Premium Bank Automated teller machine Banking
compare the experience of the soldiers in Charge of The Light brigade and Bayonet Charge Bayonet charge is about a WW1 soldier who is running with his heavy rifle across a field under enemy fire. Then suddenly‚ time stops and the soldier questions why he is running towards bullets. Suddenly the soldier notices an innocent hare running across the field under gunfire‚ the hare gets caught up in the gunfire and dies. The poet ends the poem with the soldier instead of fighting for honour and dignity
Premium Charge of the Light Brigade Crimean War Poetry