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

Describe perfecting project management, Read the required article "Perfecti...

Read the required article "Perfecting Project Management" by Drew Robb. List three ways a project manager could use the data described in the article to keep the project on track a

Explain your terms as you apply them to the relevant facts, You are current...

You are currently an intern working for the largest law firm in Alabama. Your mentor and senior attorney introduces you to a new client, Dick Jefferson, the owner of House Doctor,

Compute the start and finish times for each activity, Calculate the start a...

Calculate the start and finish times for each activity and determine the minimum number of weeks for completing the project. Find the critical set of activities for the project.

Describe the value chain, Question 1: Describe the main growth strategi...

Question 1: Describe the main growth strategies that a firm can pursue and discuss conditions that favour each strategic option. Support your answer with suitable examples.

Accept the proposal while it is more expensive to disagree, Negotiators can...

Negotiators can influence the perceived cost of agreeing as well as the perceived cost of disagreeing and the other party will likely accept the proposal when it is more expensive

Explain select one and critique its content, Conduct a search of websites t...

Conduct a search of websites that provide Internet presentations. Select one and critique its content, visuals, and the presenter's skills. Make sure to include the URL in your Dis

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 union can legally dismiss the grievance, Joyce is a problem employe...

Joyce is a problem employee. She is often late and does low-quality work. The shop steward sees the performance problems. One day a new position opens and Joyce applies for it b

Explain cost-reimbursement contracts for the government, Find an example of...

Find an example of a project in which one of these two types was used in a real federal contract. These two types refers to contrast fixed-price and cost-reimbursement contracts fo

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