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A restaurant prepares Peking duck daily at a cost of $18 per duck. Each duck generates revenue of $47 if sold. Demand for Peking duck can be described by a Poisson distribution with a mean of 4.2 ducks per day. Unsold ducks at the end of each day are converted to duck soup at an additional cost of $5 over and above the resulting value as soup. How many ducks should be prepared each day?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92550174

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