Question: Skinner s Fish Market buys fresh Boston bluefish daily for
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?
Answer to relevant QuestionsA small grocery store sells fresh produce, which it obtains from a local farmer. During the straw-berry season, demand for fresh strawberries can be reasonably approximated using a normal distribution with a mean of 40 ...A Las Vegas supermarket bakery must decide how many wedding cakes to prepare for the upcoming weekend. Cakes cost $ 33 each to make, and they sell for $ 60 each. Unsold cakes are reduced to half- price on Monday, and ...What is the ultimate goal of a lean system? What are the supporting goals? What are the building blocks?What is the kanban aspect of JIT?Determine the number of cycles per day and a production quantity per cycle for this set of products that achieves fairly level production: Product Daily Quantity F ............ 9G ............ 8H ............. 5K ...
Post your question