Find out the optimal stocking level for the turkey for the

Assignment Help Operation Management
Reference no: EM13387500

Demand for whole turkey at County Market store during the Thanksgiving break can be approximated by a normal distribution with an average of 55 pounds and a standard deviation of 10 pounds. The turkey sells for $5 per pound, and the unit cost to the store is $1.8 per pound. For any leftover turkey after thanksgiving, the store will donate to local community center which results in a small tax deduction that is worth $0.20 per pound.

Find the optimal stocking level for the turkey for the Thanksgiving week and the expected profit based on the optimal stocking level.

Reference no: EM13387500

Questions Cloud

Why do people trade nbspwhen answering this question : why do people trade? nbspwhen answering this question consider the history of trade and how trade has influenced
Using the following information compute the unknown amounts : using the following information find the unknown amounts. assume each set of information is an independent case. a.
Explain the coefficient of variation cv and standard : the san diego llc is considering a three-year project project a involving an initial investment of 80 million and the
It usually engages in a long-term contract with these : xyz inc. is a large producer of chicken for grocery stores. it usually engages in a long-term contract with these
Find out the optimal stocking level for the turkey for the : demand for whole turkey at county market store during the thanksgiving break can be approximated by a normal
Recognition of concepts jim armstrong operates a small : recognition of concepts. jim armstrong operates a small company that books entershytainers for theaters parties
Give an example of a good practice for each of the : give an example of a good practice for each of the following preparing for an audio conference hosting an audio
1 explain the basic accounting equation how does the double : 1. explain the basic accounting equation. how does the double entry accounting system work?2. what is the
Discuss specific challenges that you may have experienced : determine the primary manner in which orion has increased your business knowledge in the related subject area.discuss

Reviews

Write a Review

Operation Management Questions & Answers

  Determine maximum possible output per week

An assembly line with 7 tasks is to be balanced. The longest task is 8 minutes, the shortest task is 2 minutes, and the sum of the task times is 53 minutes.

  Identify a best solution for each of these two issues

Support your desired outcomes with a minimum of three outside scholarly sources. (academic journals, industry or business magazines, or association Web sites)

  Identify the components of a linear programming model

To provide much of the feed for the livestock, John wants to plant at least 1 acre of corn for each cow in the coming year's herd and at least 0.05 acre of wheat for each hen in the coming year's flock.

  Elucidate how will this influence the decision

This is a long term strategic decision in which factors might change in the next 10 t0 20 yrs. Elucidate how will this influence the decision.

  What can you say about the profitability of the first

what can you say about the profitability of the first and second contracts, and hence the bidding process in general?

  Assume that the sales representative just walked in the door

Assume that the sales representative just walked in the door and there are currently 420 pounds of pepperoni in the walk-in cooler. How many pounds of pepperoni would you order

  Making a critical assessment of the toyota production system

Making a Critical Assessment of the Toyota Production System (TPS) Today Use of a Grid Analysis (Weighted Scoring Model) to Help Make the North American Plant Location Decision for the RX 330

  Business with customers in developing nations

Companies that do business with customers in developing nations that lack access to hard currencies are likely to make extensive use of:

  Illustrate what will new service probability be

Suppose production manager is told to reduce safety stock of this item by 100 units. If this is done, illustrate what will new service probability be. Solve this problem.

  Discuss the national differences in political economy

Discuss the national differences in political economy between these three countries. Discuss any cultural barriers your firm may experience in each of the three countries.

  Write down the lp in algebraic

Formulate a Linear programming model with an objective to maximize profit. Using the names of variables as A, B, C, D, E and F, write down the LP in algebraic form as discussed in the class

  What is the new system of government to be called

Give a brief explanation of why or why not, and be sure to address each of the four questions that comprise this problem.

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