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[answerhappygod]

27

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The information here is the same for answering questions 27 to 29. The book publishing supply chain consists of authors, publisher, bookstores and end-customers. For a latest thriller novel on the market, it costs the publisher $16 to print a copy of the book, which is sold to the bookstore at $20. The publisher also pays the author a royalty, which is around 10%. That is, the author gets 10% of the publisher's total revenues from the book sales to the campus bookstore. Suppose that the retail price of a latest thriller novel is $60 per book. Demand Probability 10,000 0.6 50.000 0.2 100,000 0.1 200,000 0.07 500,000 0.02 1,000,000 0.01
Hint: When you are looking up a target value in a table and the target value falls between two entries, choose the entry that leads to the larger order quantity Based on the demand distribution given above, how many books should the bookstore order? (Assume the salvage value of an unsold book is zero.) 500,000 200,000 50.000 10,000 100,000
Suppose that the publisher suggests the following returns contract to the bookstore. For any copy of the book not sold at the end of the semester, the bookstore can sell it back to the publisher at $18 per book. How many copies of the book should the bookstore order with this returns contract? 10,000 100,000 50.000 500,000 200.000
Suppose, instead of the bookstore placing an order, the publisher determines the number of copies of the book to be produced (and stocked) on the bookstore's shelves. That is, the bookstore no longer makes inventory decisions. Nevertheless, the bookstore still makes $40 (=$60 - $20) for each copy of the book sold. Any leftover books in the store can be salvaged by the publisher at $15 per book. Note that the book author or the bookstore do not receive royalties/money from the books salvaged by the publisher. How many books should the publisher produce and stock at the bookstore? 50.000 10.000 100,000 500.000 200.000