A las vegas supermarket bakery must decide how many wedding, Ask an Expert

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A Las Vegas supermarket bakery must decide how many wedding cakes to prepare for the upcoming weekend. Cakes cost $26.68 each to make and they sell for $42.09 each. The price of unsold cakes is reduced to $17.86 on Mondays. Demand for the weekend is normally distributed with a mean of 70 and a standard deviation of 8.1.

What is the optimal probability of stocking out of wedding cakes on the weekend?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M93103602

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