The average daily demand of sandwiches at ABC cafeteria at MUST branch is 120. The branch manager knows that the sale is

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

The average daily demand of sandwiches at ABC cafeteria at MUST branch is 120. The branch manager knows that the sale is

Post by answerhappygod »

The average daily demand of sandwiches at ABC cafeteria at MUST
branch is 120. The branch manager knows that the sale is normally
distributed with a standard deviation of 15 sandwiches. The
sandwiches are not prepared in the MUST branch ad are produced in
the chain’s centralized kitchen. MUST branch has to pay $0.7 for
each sandwich and sells for $1.25. The unsold sandwiches can be
sold in the next day at $0.3. The manage wants to determine how
many pieces of sandwich he should order each day from the
centralized kitchen and the stock-out risk for that quantity.
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply