Explain description of decision making - megley cheese, Ask an Expert

Management Studies

Explain description of Decision making

Megley Cheese Company is a small manufacturer of several different cheese products. One of the products is a cheese spread that is sold to retail outlets. Jason Megley must decide how many cases of cheese spread to manufacture each month. The probability that the demand will be six cases is 0.1, for 7 cases, 0.3, for 8 cases is 0.5, and for 9 cases is 0.1. The cost of every case is $45, and the price that Jason gets for each case is $95. Unfortunately, any cases not sold by the end of the month are of no value, due to spoilage. How many cases of cheese should Jason manufacture each month?

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M9218172

Have any Question?Write your Review or question?

Related Questions in Business Management

The business world today is increasingly complex and

The business world today is increasingly complex and variable in virtually every country and industry. Thus, organizations must become more organic. How do you define an organic organization and a mechanistic organizatio ...

What issues may arise from the person with the particular

What issues may arise from the person with the particular religious preference, those around that person who may be interested in opportunties that person is being tapped for, and for the organization in building their b ...

What is the various security architectures which provides

What is the various security architectures. Which provides the best balance between simplicity and security? Justify your answer.

Someone installed malware on carlos computer it records his

Someone installed malware on Carlo's computer. It records his purchases on Amazon and other sites and reports them to an agency that sends Carlo advertisements for other products. This is not a big deal. Do you agree? Ex ...

Are the strategies and measures of success in the

Are the strategies and measures of success in the implementation documents relevant to the objectives in the policy (DET Diversity Policy?

Your younger cousin is taking a personal finance class in

Your younger cousin is taking a personal finance class in high school. They have been assigned a project where they will track a 10$ stock investment over the course of the semester. Help your cousin make an informed dec ...

Suppose that a firm that produced buttons had a production

Suppose that a firm that produced buttons had a production function given by: q= 4L 0.5 K 0.5 . The firm has 16 units of capital in the short run. Determine the amount of labor required to produce 64 units of output ...

Use at least 3-5 citations to provide information about

Use at least 3-5 citations to provide information about Americans doing business in India

Parmigiano-reggiano global recognition of geographical

Parmigiano-Reggiano: Global Recognition of Geographical Indications What historical factors have helped support the consortium's claims for the geographic specificity of Parmigiano-Reggiano and Parmesan? What are the eco ...

Using different scenario is give two example of a

Using different scenario is give two example of a supervisor punishing good behavior and two example of a supervisor rewarding bad behavior. Example supervisor rewarding bad employee behavior or good employee m.

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Management Expert