Solving cases of cheese, How many cases of cheese should

Solving cases of cheese

Assignment Help Business Management

Reference no: EM1333286

Megley Cheese Company is a small manufacturer of several different cheese products. One of the products is a cheese spread that is sold to retail outlets. Jason Megley must decide how many cases of cheese spread to manufacture each month. The probability that the demand will be six cases is 0.1, for 7 cases, 0.3, for 8 cases is 0.5, and for 9 cases is 0.1. The cost of every case is $45, and the price that Jason gets for each case is $95. Unfortunately, any cases not sold by the end of the month are of no value, due to spoilage. How many cases of cheese should Jason manufacture each month?

Reference no: EM1333286

Questions Cloud

Decision model used in finanacial success : What decision model should be used? What is the optimal decision?

Developing resource strengths and competitive capabilities : From your perspective as a specialty coffee consumer, does Starbuck's strategy seem to be well matched to industry and competitive conditions?

Working on hrm responsibilities : Management Challenges and Concerns Report - working on HRM responsibilities

Direct or indirect effect of legal change : Is this result a direct or indirect effect of the legal change? Explain. What are the impacts of the law in this example?

Solving cases of cheese : How many cases of cheese should Jason manufacture each month?

Personal growth and development : Where would you look for resources to support personal growth and development and share two examples from personal and professional experiences.

Discuss the future policy changes of southwest airlines : Discuss future policy changes that might affect this company and summary of current status.

Which is the best option in your opinion : Conceivably, there are three choices for a front-end application to your SQL Server database solution. This includes a compiled binary executable that is stored on client computer, a web-based user interface, or a Microsoft Access project. Given t..

Impact organizational success in today''s corporate climate : Impact organizational success in today's corporate climate, and how does this effective management blend with HR?

User Account

All Pages