Explain what is the optimal stocking level, Operation Management

Assignment Help:

Henrique's 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?


Related Discussions:- Explain what is the optimal stocking level

Explain the elements in a hrmis, Describe the elements in a HRMIS and the r...

Describe the elements in a HRMIS and the role such a system plays in an organization's ability to meet its goals. If you are familiar with such a system, what information does it p

Describe the difference between consumer products, Explain the difference b...

Explain the difference between consumer products and business products. Why are some products difficult to categorize as one or the other? Give an example of a business product, a

Explain what organizations currently utilize six sigma, What is Six Sigma? ...

What is Six Sigma? Who started it? What organizations currently utilize Six Sigma

Explain fledible cross functional teams, Strategy Highlits 11.2 dicusses th...

Strategy Highlits 11.2 dicusses the informal oranizational structure of W.L.Gore and Associates. Go to the firm's Website (www.gore.com) and review the scope of the firm. a. Wha

How to prepare for career advancement, After reviewing the chapter, suggest...

After reviewing the chapter, suggest all possible ways that Scott can prepare herself for career advancement

Explain an approach to a business diversity program, Answer the following q...

Answer the following questions based on your readings. 1. Describe an approach to a business diversity program that would be pragmatic and ethical. 2. What are three possible

How several more hours of overtime would each worker, Games4U makes video g...

Games4U makes video games on CDs at its Old Town plant. The plant produces 800 games each day, and employs 100 workers that work 8 hours each day. They use the following resources

Explain different components of the marketing mix, What is the definition o...

What is the definition of marketing? What are the benefits and drawbacks of incorporating marketing into the sales function of an organization? Do you think that marketing should b

Supply Chain Management, #questionLucille Jenkins, the CEO for the Durham I...

#questionLucille Jenkins, the CEO for the Durham International Manufacturing Company (DIMCO), believes that the company can significantly increase its operating profit by implement

Explain constant need of trained employees, (EOQ model) Division X is growi...

(EOQ model) Division X is growing and is in constant need of trained employees. The demand rate for trained employees is relatively constant at 5 each month. The division can run a

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd