Operation management Discussion Essay Assignment
| Order ID |
53563633773 |
| Type |
Essay |
| Writer Level |
Masters |
| Style |
APA |
| Sources/References |
4 |
| Perfect Number of Pages to Order |
5-10 Pages |
Description/Paper Instructions
two questions in files!!!!!
The EagleEye is a small firm that manufactures special ski goggles. The company has the opportunity to sell a particular model to The Outdoor Store, a well-known retailer of sports and outdoor gear. The EagleEye is considering signing a business contract with The Outdoor Store. Here is how the contract works.
Contract-1. The Outdoor Store will order the goods from EagleEye three months before the winter season. EagleEye will produce the exact quantity that The Outdoor Store orders. All units produced will be shipped to the store at the beginning of the winter season. EagleEye will sell the product to The Outdoor Store for $125 per unit and agrees to credit the The Outdoor Store $53 for each unit returned to EagleEye at the end of the winter (because those units did not sell).
The seasons demand for this model at The Outdoor Store will be normally distributed with mean of 500 units and standard deviation of 100 units. The Outdoor Store will sell the ski goggles for $200 per unit. EagleEye produces each google at a cost of $95. Since styles change from year to year, there is essentially no value of returned merchandise to EagleEye.
Answer the following questions based on the information provided. Use the Excel spreadsheet for the Newsvendor Problem in your answers. Each question is 1 point.
a)The Outdoor Store will use the newsvendor model. What is unit cost of overage for The Outdoor Store? What is the unit cost of underage for The Outdoor Store?
b)What is the critical fractile value if The Outdoor Store decides to use the optimal newsvendor quantity in Contract-1?
c)What is the optimal order quantity of The Outdoor Store if Contract-1 is used?
d)What is the expected lost sales for The Outdoor Store if the optimal order newsvendor quantity is used under Contract-1?
e)What is the expected amount of leftover inventory for The Outdoor Store if the optimal order newsvendor quantity is used under Contract-1?
f)What is the expected number of units that The Outdoor Store can sell if the optimal order newsvendor quantity is used under Contract-1?
g)What is the expected fill rate of The Outdoor Store if the optimal order newsvendor quantity is used under Contract-1?
h)What is the expected profit of The Outdoor Store if The Outdoor Store orders the sunglasses from the manufacturer using the optimal newsvendor quantity in Contract 1?
i)What is the expected profit for EagleEye (the manufacturer) in Contract 1 when The Outdoor Store uses the optimal newsvendor quantity? Assume EagleEye produces only as much as the quantity ordered by The Outdoor Store.
j)What are the pros and cons of Contract-1 to The Outdoor Store?
k)What are the pros and cons of Contract-1 to The EagleEye?
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RUBRIC
| QUALITY OF RESPONSE |
NO RESPONSE |
POOR / UNSATISFACTORY |
SATISFACTORY |
GOOD |
EXCELLENT |
| Content (worth a maximum of 50% of the total points) |
Zero points: Student failed to submit the final paper. |
20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. |
30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. |
40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. |
50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. |
| Use of Sources (worth a maximum of 20% of the total points). |
Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. |
5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. |
10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. |
15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. |
20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. |
| Grammar (worth maximum of 20% of total points) |
Zero points: Student failed to submit the final paper. |
5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors |
10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors |
15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. |
20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. |
| Structure of the Paper (worth 10% of total points) |
Zero points: Student failed to submit the final paper. |
3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. |
5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper |
7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. |
10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. |
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