Dave., Operation Management

Henrique Correa’s bakery prepares all its cakes between 4am and 6am so they will be fresh when customers arrive. Day old cakes are virtually always sold, but at a 50% discount off the regular $10 price. The cost of baking a cake is $6, and demand is estimated to be normally distributed, with a mean of 25 and a standard deviation of 4. What is the optimal stocking level?
Posted Date: 10/17/2014 10:08:53 PM | Location : United States







Related Discussions:- Dave., Assignment Help, Ask Question on Dave., Get Answer, Expert's Help, Dave. Discussions

Write discussion on Dave.
Your posts are moderated
Related Questions

In a state where contributory negligence applies, a motorist that is about 10% responsible for a collision with another motorist, who sues the other motorist for negligence, will l

Process Planning Procedure  The process planning procedure has the followings steps as shows in figure as

An assembly line currently has five workstations and the time required for each is shown below. 1: 48 seconds, 2: 38 seconds, 3: 44 seconds, 4: 56 seconds, 5: 42 seconds what is th

The fixed cost and the variable cost of production of product are 200000USD and demand is 500units to break even unit price of first 300 item will be?

Consider an international firm you are familiar with, and consider what the firm needs to be concerned about when entering a foreign marketplace. Specifically, in terms of the chap

Innovation and Learning Perspective - Performance Measures In this perspective, the company emphasises the design and application of business management initiatives that foste

IT is one of most globally integrated corporate function how is IT different from other business areas when it comes to global integration? why do you think this is the case?

A small computer firm orders monitors for sale. The annual demand is 1300 per year. The holding cost is 10 percent of the value of the monitors on hand. Each time they order it cos

Operations Scheduling in job shop type production Operations scheduling is the organizing function of an operations manager. This function of the operation manager is most impor