Demand for Black Forest cake at the bakery of a supermarket can be approximated using a Poisson
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Demand for Black Forest cake at the bakery of a supermarket can be approximated using a Poisson distribution with a mean of six per day. The manager estimates it costs $9 to prepare each cake. Fresh cakes sell for $12 each. Day-old cakes sell for $7 each. What stocking level is appropriate?
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Demand is Poisson with mean of 6 cakes per day Cost 9 per cake Rev 12 per cake Sal...View the full answer
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Sultan Ghulam Dastgir
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Operations Management
ISBN: 9781259270154
6th Canadian Edition
Authors: William J Stevenson, Mehran Hojati, James Cao
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