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Category > Information Systems Posted 11 Jun 2017 My Price 5.00

Henrique Correa’s bakery prepares all its cakes between 4 a.m. and 6 a.m

 

Henrique Correa’s bakery prepares all its cakes between 4 a.m. and 6 a.m. 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?

 

 

 
 

Answers

Alpha Geek
(8)
Status NEW Posted 11 Jun 2017 11:06 AM My Price 5.00

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Attachments

file 1497181049-1920556_1_636326722107876152_Optimum-Stock-level.xlsx preview (157 words )
19-----------205-----------56&-----------amp-----------;am-----------p;i-----------nfo-----------Id=-----------352-----------370-----------Opt-----------imu-----------m s-----------toc-----------k l-----------eve-----------lHe-----------nri-----------que----------- Co-----------rre-----------aâ€-----------™s -----------bak-----------ery----------- pr-----------epa-----------res----------- al-----------l i-----------ts -----------cak-----------es -----------bet-----------wee-----------n 4----------- a.-----------m. -----------and----------- 6 -----------a.m-----------. s-----------o t-----------hey----------- wi-----------ll -----------be -----------fre-----------sh -----------whe-----------n c-----------ust-----------ome-----------rs -----------arr-----------ive-----------. D-----------ay------------old----------- ca-----------kes----------- ar-----------e v-----------irt-----------ual-----------ly -----------alw-----------ays----------- so-----------ld,----------- bu-----------t a-----------t a----------- 50-----------% d-----------isc-----------oun-----------t o-----------ff -----------the----------- re-----------gul-----------ar -----------$10----------- pr-----------ice-----------. T-----------he -----------cos-----------t o-----------f b-----------aki-----------ng -----------a c-----------ake----------- is----------- $6-----------, a-----------nd -----------dem-----------and----------- is----------- es-----------tim-----------ate-----------d t-----------o b-----------e n-----------orm-----------all-----------y d-----------ist-----------rib-----------ute-----------d, -----------wit-----------h a----------- me-----------an -----------of -----------25 -----------and----------- a -----------sta-----------nda-----------rd -----------dev-----------iat-----------ion----------- of----------- 4.----------- He-----------nri-----------que----------- Co-----------rre-----------aâ€-----------™s -----------bak-----------ery----------- Nu-----------mbe-----------r o-----------f
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