Ben Parker, Executive Producer for Epic Productions Film Company, is trying to decide when to reorder the 35 millimeter film his photographers use for publicity photos. 35 mm film is used by the Epic photographers at a fairly constant rate, with an average demand during lead time of 75 rolls and a variance of 25 rolls. (Ben would agree that the daily usage of 35 mm film seems to be normally distributed.) The lead time on an order of 35 mm film is 5 days, and there are 250 working days in the year.

a. Suppose Ben decides to reorder 35 mm film when there are 86 rolls left in stock. How much safety stock is implied by this reorder point?

b. What is the service level implied by Ben’s reorder point of 86 rolls?

c. If a publicity photographer runs out of film, it is usually impossible to arrange a future photo session with the movie stars who are being photographed. Keeping this in mind, Ben Parker decides that he wants a service level of 97.72% for his 35 mm film inventory policy. What is his reorder point for 35 mm film?

d. If Ben decides to have extra 4 rolls of 35 mm as safety stock, what is the ROP? And what is the probability of stock-out?

The law says your employer is responsible for providing you with a safe and healthy workplace. true or false?

Kis the insured and p is the sole beneficiary on a life insurance policy. both are involved in a fatal accident where k dies before p. under the common disaster provision, which of these statements is true?

5. profit maximization and shutting down in the short run suppose that the market for polos is a competitive market. the following graph shows the daily cost curves of a firm operating in this market. 0 2 4 6 8 10 12 14 16 18 20 50 45 40 35 30 25 20 15 10 5 0 price (dollars per polo) quantity (thousands of polos) mc atc avc for each price in the following table, calculate the firm's optimal quantity of units to produce, and determine the profit or loss if it produces at that quantity, using the data from the previous graph to identify its total variable cost. assume that if the firm is indifferent between producing and shutting down, it will produce. (hint: you can select the purple points [diamond symbols] on the previous graph to see precise information on average variable cost.) price quantity total revenue fixed cost variable cost profit (dollars per polo) (polos) (dollars) (dollars) (dollars) (dollars) 12.50 135,000 27.50 135,000 45.00 135,000 if the firm shuts down, it must incur its fixed costs (fc) in the short run. in this case, the firm's fixed cost is $135,000 per day. in other words, if it shuts down, the firm would suffer losses of $135,000 per day until its fixed costs end (such as the expiration of a building lease). this firm's shutdown price—that is, the price below which it is optimal for the firm to shut down—is per polo.