Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

University of Florida football programs are printed 1 week prior to each home game. Attendance averages 9 0 , 0 0 0 screaming and loyal

University of Florida football programs are printed 1 week prior to each home game. Attendance averages 90,000 screaming and loyal Gators fans, of whom two-thirds usually buy the program, following a normal distribution, for $4 each. Unsold programs are sent to a recycling center that pays only 20 cents per program. The standard deviation is 5,000programs, and the cost to print each program is $1. Refer to the standard normal table LOADING... for z-values.
Part 2
a) What is the cost of underestimating demand for each program?
Cs=$enter your response here (round your response to two decimal places).
Part 3
b) What is the overage cost per program?
Co=$enter your response here (round your response to two decimal places).
Part 4
c) How many programs should be ordered per game?
enter your response here programs should be ordered per game (round your response to the nearest whole number).
Part 5
d) What is the stockout risk for this order size?
Stockout risk=enter your response here (round your response to four decimal places).

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Successful Time Management

Authors: Patrick Forsyth

Chinese 1st Edition

7508679814, 978-7508679815

More Books

Students also viewed these General Management questions

Question

11. Identify the apotheosis in Indiana Jones and the Last Crusade.

Answered: 1 week ago

Question

please try to give correct answer 4 9 3 . PEM .

Answered: 1 week ago