Multiple Choice
Scenario 13.1 - Nefarious
The tenured professor routinely led student groups on factory tours in exotic locales,and one popular destination was an island south of Miami.The students enjoyed this happy little island and the professor liked it because he could supplement his income by bringing back a few boxes souvenirs he could sell to his friends.The souvenirs cost the professor $125 a box and he sells them for $290 a box.Souvenirs that dry out due to age can be sold for $80.Experience has shown that the demand for boxes of these souvenirs has a mean of 80 with a standard deviation of 20.
-Naturally,the professor will purchase the optimal number of boxes.(He's had a course or two in supply chain management and knows this model well. ) If each of his friends purchases only one box,how many friends will he turn away because he runs out of boxes of souvenirs?
A) 5
B) 3
C) 2
D) 1
Correct Answer:

Verified
Correct Answer:
Verified
Q82: A company with multiple products that chooses
Q83: Which of the following would be a
Q84: If quick response allows multiple orders in
Q85: Discuss the advantages and disadvantages of quick
Q86: As lead times decrease,supply chain managers are
Q88: Quick response results in<br>A)the manufacturer making a
Q89: _ may reduce overall profits for a
Q90: A supply chain can use a high
Q91: As the standard deviation of forecast error
Q92: The cost of understocking is denoted by