Assume that there is no opportunity cost for lost sales

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Reference no: EM131614027

A bakery must decide how many pies to prepare for the upcoming weekend. The bakery has the option to make 50, 100, or 150 pies. Assume that demand for the pies can be 50, 100, or 150. Each pie costs $5 to make and sells for $7. Unsold pies are donated to a nearby charity center. Assume that there is no opportunity cost for lost sales.

Identify the best tool to use, using the letter from the tools list.

Qualitative Forecasting

Time Series Forecasting

Causal Forecasting

Decision Analysis

Linear Programming

Monte Carlo Simulation

Queuing Analysis

Reference no: EM131614027

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