Practical Management Science

In the model in Example 7.2, suppose the company continues to manufacture its product in the United States, but now […]

In the pricing model in Example 7.1 with the constant elasticity demand function, the assumption is that all units demanded

An exchange curve can be used to display the trade-offs between the average investment in inventory and the annual ordering

Based on Riccio et al. (1986). The borough of Staten Island has two sanitation districts. In district 1, street litter

Confederate Express is attempting to determine how its monthly shipping costs depend on the number of units shipped during a

A firm knows that the price of the product it is ordering is going to increase permanently by X dollars.

The penalty cost p used in the shortage model is usually difficult to estimate. As an alternative, a company might

The file P14_52.xlsx contains data on a motel chain’s revenue and advertising. a. Use these data and multiple regression to

You are playing Serena Williams in tennis, and you have a 42% chance of winning each point. a. Use simulation