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 smells of alcohol, You have a new employee who is in his/her probat...

You have a new employee who is in his/her probationary period, the first 90 days of employment. The employee has missed several days of work and has been late at least two days thi

Explain implement tqm typically emphasize individualism, Corporate cultures...

Corporate cultures within companies that successfully implement TQM typically emphasize individualism, hierarchy, accountability, and profits. True False

An American Tragedy: How a good company died, What is the best alernative c...

What is the best alernative course of action?

Explain main causes of hr failure in multinational ventures, • Determine th...

• Determine the main reasons why a greater involvement in employees' personal lives, as opposed to non-involvement, is inevitable in many international HRM activities, especially i

Impact on the practice of leadership, Question: The fundamentals of Lea...

Question: The fundamentals of Leadership practice are still very much the same as 10 years back but the context has dramatically changed! i. Enumerate the factors in this n

Explain the service organization worry about world class, Why should a serv...

Why should a service organization worry about being world class if it does not compete outside its own national border? What impact does the Internet have on this?

Explain how are humans organized on planet earth, How are humans organized ...

How are humans organized on planet earth?

Explain theories of scientific management, • Compare and contrast the theor...

• Compare and contrast the theories of scientific management with that of the human relations management approach. • Determine whether there is one best approach to management,

Capacity planning, why is capacity planning important in production and op...

why is capacity planning important in production and operations management?

Explain disadvantages of functional systems and briefly, In this case study...

In this case study, you will review a case involving a functional system. The Lynx Company uses a functional system for their sales system. It takes the orders from their salesm

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages