The A1 bread bakery keeps stock of a popular brand of bread called Brawn-bread. The daily demand of this Brawn-bread is
Posted: Sun May 08, 2022 4:11 pm
The A1 bread bakery keeps stock of a popular brand of bread
called Brawn-bread. The daily demand of this Brawn-bread is based
on past experience as given below: Daily demand: 0, 15, 25, 35, 45,
50 Probability: 0.01, 0.15, 0.20, 0.50, 0.12, 0.02 Consider the
following sequence of Random numbers: 48, 78, 9, 51, 56, 77, 15,
14, 68, 9.
i) Establish the random number interval.
ii) Using the sequence, simulate the demand for next 10
days.
iii) Find the stock situation if the owner of the bakery decides
to make 35 Brawn-bread everyday
called Brawn-bread. The daily demand of this Brawn-bread is based
on past experience as given below: Daily demand: 0, 15, 25, 35, 45,
50 Probability: 0.01, 0.15, 0.20, 0.50, 0.12, 0.02 Consider the
following sequence of Random numbers: 48, 78, 9, 51, 56, 77, 15,
14, 68, 9.
i) Establish the random number interval.
ii) Using the sequence, simulate the demand for next 10
days.
iii) Find the stock situation if the owner of the bakery decides
to make 35 Brawn-bread everyday