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A grocery store chain has been experiencing inventory problems with boxes of doughnuts they purchase from Krispy Kreme. They either have too much and have
A grocery store chain has been experiencing inventory problems with boxes of doughnuts they purchase from Krispy Kreme. They either have too much and have to discount them heavily to sell the next day, or they don't have enough and lose opprotunities to sell. It's Friday and the manager needs to calculate how many to order to sell the next day. Historical data is shown below. Historical Data: Week Day Sales Cost: $4.00 Mon 2,210 Price: $7.50 Tues 2,005 Discounted Price: $2.50 Wed 2,295 1 Thur 1,800 Fri 1,910 Sat 2,950 Sun 2,840 Mon 2,405 Tues 2,110 Wed 2,425 2 Thur 1,910 Fri 1,800 Sat 2,800 Sun 2,690 Mon 2,300 Tues 2,205 Wed 2,300 3 Thur 1,820 Fri 2,100 Sat 2,925 Sun 3,010 9 Mon 2,425 0 Tues 1,995 1 Wed 2,510 82 Thur 2,000 83 Fri 2,000 34 Sat 2,775 35 Sun 2,925
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