Explain what is the optimal stocking level, Operation Management

Assignment Help:

Henrique's Correa's bakery prepares all its cakes between 4am and 6am so they will be fresh when customers arrive. Day-old cakes are virtually always sold but at a 50% discount off the regular $10 price. The cost of baking a cake is $6 and demand is estimated to be normally distributed with a mean of 25 and a standard deviation of 4. What is the optimal stocking level?


Related Discussions:- Explain what is the optimal stocking level

Explain how an organization can use double-loop learning, Describe how an o...

Describe how an organization can use double-loop learning to improve performance.

Explain interest rate risk, Please give a detailed explanation on the follo...

Please give a detailed explanation on the following scenario: You are a swap dealer and know that XYZ County finance director is clueless about how to conduct interest rate risk ma

Management as a process, Management as a process Much has been written...

Management as a process Much has been written of management as a process of 'getting things done through people', but the seminal work was that of the French engineer and indu

Assignment, Hierarchical planning in operations/production management and t...

Hierarchical planning in operations/production management and types of time frames in each hierarchy

Sceduling for the short term, what are the advantage to finite capacity sch...

what are the advantage to finite capacity scheduling ?

Explain what are america''s and today''s workers, What are America's and to...

What are America's and today's workers view of the labor unions?

Compute the value of the tax shield that the cost-depletion, You have a lea...

You have a lease on an oil and gas property with 87.5% NRI that delivers your firm annual profits of $400,000 for five years, with equal production in each year (you will need to t

Is idea of skinner of operational focus is relevant today, 1. Is Skinner's ...

1. Is Skinner's idea of operational focus just as relevant today? (Give a considered opinion - with examples.)  Answer: The answer is yes. There are physical limitations in many

Explain what is an ethics audit, • What is an ethics audit and why is it i...

• What is an ethics audit and why is it important to an organization? Explain the benefits and challenges of conducting one. • Why is it important to link the ethics audit bac

Explain how can a wireless network compensate for fading, How can a wireles...

How can a wireless network compensate for fading and delay?

Write Your Message!

Captcha
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