A Las Vega s bakery must decide how many wedding cakes to prepare for the upcoming weekend.

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A Las Vega s bakery must decide how many wedding cakes to prepare for the upcoming weekend. Cakes cost $33 each to make, and sell for $60 each. Unsold cakes are reduced to half-price on Monday, and typically one-third of those are sold. Any that remain are donated to a nearby senior centre. Analysis of recent demand resulted in the following probability distribution:

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How many cakes should be prepared?
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Operations Management

ISBN: 978-0071091428

4th Canadian edition

Authors: William J Stevenson, Mehran Hojati

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