The Cullowhee Taproom serves Tuckaseigee draft beer to its customers. The daily demand for beer is normally distributed with an average of 18 gallons and a standard deviation of 4 gallons. The lead time to receive an order from the local distributor is normally distributed with a mean of 3 days and a standard deviation of 0.8 days. Determine the safety stock and reorder point if the restaurant wants to maintain a 90% service level.
The Taproom manager has negotiated with the distributor for the lead time to be a constant 3 days. What is the reorder point? Why has the number changed?
The lead time for KraftyCity workbenches is 4 weeks. The average weekly demand is 100, with a standard deviation of 17 workbenches.
What should the reorder point be if KraftyCity wants to provide a 95% service level?
How much safety stock will they carry?

Assume the government imposes a $2.25 tax on suppliers, which results in a shift of the supply curve from s1 to s2. the price the seller receives for the product after paying the tax is

Astock with a beta of 0.6 has an expected rate of return of 13%. if the market return this year turns out to be 10 percentage points below expectations, what is your best guess as to the rate of return on the stock? (do not round intermediate calculations. enter your answer as a percent rounded to 1 decimal place.)

1. all other things equal, according to the law of demand, when the price of a good falls, the demand for the good falls the demand for the good rises the quantity demanded of the good falls the quantity demanded of the good rises 2. when a market is in equilibrium, the quantity of the good that buyers are willing and able to buy exactly equals the quantity that sellers are willing and able to sell cannot be determined is less than the quantity that sellers are willing and able to sell is greater than the quantity that sellers are willing and able to sell 3. which of the following factors does not influence the demand for a good or service? consumer (buyer) income the price of related goods the number of sellers buyer expectations 4. when the number of sellers in a market increases, demand rises supply rises the price rises, all else equal the number of buyers falls