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Betty Cooker runs a bakery in San Francisco that specializes in her famous Black Forest cakes. She estimates that the daily demand for this cake is normally distributed with a mean of 60 and a standard deviation of 20. Each customer wants to buy exactly one cake. Every day in the morning, Betty Cooker and her team of bakers bake a fresh batch of the cakes for sale that day. Her costs to bake and top each cake are $5. Each cake sells for $20. Betty's Bakery prides itself on its fresh assortment, so cakes not sold by the end of that day are given away to a soup kitchen for the homeless.
Suppose Betty wants to bake enough cakes so that she can be 99.0% sure that she can satisfy the demand of all of her customers. How many cakes should she prepare daily in the morning? (Round your answer UP to the nearest integer.)
Maria and Sylvia have always wanted to start their own restaurant business and be an entrepreneurs.
A SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis is a great starting point to performing a strategic assessment for a company.
Would management benefit from employee involvement in the design and implementation of a particular program? Explain
Our bottling plant uses approximately 1000 plastic bottles per day (normally distributed), while daily usage has a standard deviation of 70. Order lead time is 2 days (constant). What is the average demand during lead time for this item? What is the ..
This week our discussion focuses on crafting an appropriate thesis statement and topic to sentence outline based on the following essay topic: ‘Into What Categories Can Knowledge Workers be Grouped?’
Calculate the multifactor productivity for this operation in fees generated per dollar of input.
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1.discuss why modern businesses need to know how to play the game of supply chain management. in a business network
A firm plans to begin production of a new small appliance. Determine the range of annual volume for witch each of the alternatives would be best.
As a project manager, describe your approach to managing conflict within a team. How would you approach resolving a personality conflict within a team?
Identify prisoner's dilemma and how is related to the supply chain management
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