Julie's Diamond Boutique Is Very Concerned with Its Order Policies

question 21

Essay

Julie's Diamond Boutique is very concerned with its order policies related to one-carat diamond solitaires.Their current policy is to order 10 diamonds whenever their inventory reaches 6 diamonds (unless there is already an ordered delivery due).Currently there are 8 diamonds on hand.Orders are placed at the end of the month and take one month to arrive .The following distribution of monthly sales has been developed using historical sales.If Julie's Diamond Boutique does not have a diamond on hand,it will result in a lost sale.Use the following random numbers to determine the number of lost sales of one-carat solitaires at the store over 12 months.
Random numbers for sales: 10,24,03,32,23,59,95,34,34,51,08,48

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Definitions:

Unethical Behaviors

Actions that do not conform to accepted standards of morality or conduct.

Incompetent Bosses

Leaders or supervisors lacking the skills, abilities, or will to effectively manage or guide their team, often resulting in poor organizational performance.

Ample Opportunity

A situation where there is a significant amount of possibilities or chances for success or advancement.

Practice Skills

Abilities developed through repeated exercise or performance in a particular task or activity.