10. Bonitos Seafood sells fresh snapper received each morning from the coast for $4.49 per pound. If...
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10. Bonito’s Seafood sells fresh snapper received each morning from the coast for $4.49 per pound. If the fish is kept overnight, it will be priced at $3.95 per pound the second day. All the snapper that remains at the end of the second day is sold for cat food at 25¢ per pound. About 82 percent of the snapper that is not sold the first day will be sold the second day. Snapper costs Bonito’s $3.60 per pound delivered to the store.
Demand for fresh snapper during its first day in the store is normally distributed with a mean of 32 pounds and a standard deviation of 6 pounds. How much snapper should Mr. Bonito order each day?
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Operations Management Providing Value In Goods And Services
ISBN: 9780030262074
3rd Edition
Authors: Dilworth, James B
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