What is the optimal service level for joe

Assignment Help Operation Management
Reference no: EM131775243

Joe's Coffee Shop has fresh doughnuts delivered each morning. Daily demand for donuts is approximately normal with a mean of 12 dozen and a standard deviation of 2 dozen. Joe has estimated that if he runs short, it costs him $2.40 per dozen doughnuts, and if he has extra donuts left over it costs him it costs him $1.20 per dozen. What is the optimal service level for Joe?

Reference no: EM131775243

Questions Cloud

What is the optimal order quantity : There is no salvage value: at the end of the season the costumes are given away to charity. What is the optimal order quantity?
Physician marketing task force : Recently, the physician marketing task force at State University Medical Center developed a physician referral directory and advertisement.
How much money should be set aside now investment account : How much money should be set aside now (time 0) in an investment account in order to have $250,000 15 years from now to pay for the addition?
Used to send out the message about the downsizing : Explain how more control could have been used to send out the message about the downsizing.
What is the optimal service level for joe : Joe's Coffee Shop has fresh doughnuts delivered each morning. What is the optimal service level for Joe?
Job completion time follows triangular distribution : A job completion time follows a triangular distribution and can be accurately estimated for the project manager.
Either developing them or serving on incident response team : What experience do you have either developing them or serving on an Incident Response Team?
Cash flow diagram for operation from company viewpoint : Draw a cash flow diagram for this operation from the company’s viewpoint that shows the profit earned each year.
Make decisions based on the project budget and schedule : At times, a project manager must evaluate proposals from identified vendors and make decisions based on the project budget and schedule.

Reviews

Write a Review

Operation Management Questions & Answers

  Taking public opinion on potentially contentious topic

What obligation does a company's leadership have to refrain from taking a public opinion on a potentially contentious topic?

  Sometimes lead to less access or higher prices for consumers

Alliances and acquisitions can sometimes lead to less access or higher prices for consumers. Comcast bought NBC Universal (from GE).

  Average number of customers waiting to use machine

Many of a bank’s customers use its automatic teller machine to transact business after normal banking hours. During the early evening hours in the summer months, customers arrive at a certain location at the rate of one every other minute. Determine ..

  How do you believe value chain management works

Discuss how value chain helps companies create and build value for their clients and partnering organizations - How do you believe value chain management works?

  Company has been ramping up production

A company has been ramping up production for the past year.

  How to Create a Legally Binding Contract

After reading the U.S. Small Business Administration (SBA) article, "How to Create a Legally Binding Contract" and reviewing the resources available at the Student Career Center, you will create a professional contract that contains the definite and ..

  Evaluate the 49 cfr

Evaluate the 49 CFR, what makes this regulation an important aspect of day-to-day operations? What would happen without it?

  Write a procedural email message to employees

Write a procedural email message to employees reminding them of standard operating procedures or organizational changes that take the form of step-by-step instructions. Be creative, or use an issue applicable to your work environment.

  Topic of intellectual property violations

Conduct research and present the class with what you found on the topic of Intellectual Property violations. Please provide 1) the link to your source 2) an overview of the issue at hand 3) how the violation was handled 4) applicable financial inform..

  State the appropriate conclusion

(Reject the null hypothesis, there is not significant evidence that the mean is less than 52., or Reject the null hypothesis, there is significant evidence that the mean is less than 52.

  What are the factors which influence the quality of

according to conflict theorists the persistence of social class inequality can be linked to the educational

  International marketing-companies with foreign marketing

the company to the correct marketing strategy-International Marketing, Companies with foreign marketing, Companies with No foreign marketing, Global Marketing

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