Description of this paper

OPS MGMT - Henrique Correa?s bakery

Description

solution


Question

Question;Henrique 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?

 

Paper#46189 | Written in 18-Jul-2015

Price : $22
SiteLock