The distribution of daily demand for rug-cleaning machines at a rental store is shown in the following

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The distribution of daily demand for rug-cleaning machines at a rental store is shown in the following table. Machines are rented by the day only. Profit on a rug cleaner is $10 per day. The store has four rug-cleaning machines.
The distribution of daily demand for rug-cleaning machines at a

a. Assuming that the stocking decision is optimal, what is the implied range of excess cost per machine per day?
b. Your answer from part a has been presented to the manager, who protests that the amount is too low. Does this suggest an increase or a decrease in the number of rug machines he stocks? Explain.

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: 978-0071091428

4th Canadian edition

Authors: William J Stevenson, Mehran Hojati

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