Skinner's Fish Market buys fresh Boston bluefish daily for $ 4.20 per pound and sells it for

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Skinner's Fish Market buys fresh Boston bluefish daily for $ 4.20 per pound and sells it for $ 5.70 per pound. At the end of each business day, any remaining bluefish is sold to a producer of cat food for $ 2.40 per pound. Daily demand can be approximated by a normal distribution with a mean of 80 pounds and a standard deviation of 10 pounds. What is the optimal stocking level?
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Operations Management

ISBN: 978-0078024108

12th edition

Authors: William J Stevenson

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