Skinners fish market buys fresh boston cluefish daily for, Ask an Expert

Management Studies

Skinner's fish market buys fresh boston cluefish daily for $4.20 per pound and sells it for $5.70 per pound. At the end of each business day, any remaining bluefish is sold to a producer of cat food for $2.40 per pound. Daily demand can be approximated by a normal distribution with the mean of 180 pounds and a standard deviation of 50 pounds. What is the optimal order quantity?

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91643096

Have any Question?Write your Review or question?

Related Questions in Operation Management

During the fpl season casinos odds makers establiish a

During the FPL season, casinos odds makers establiish a point spread on each game for betting purposes. For example, the Bay Parkers were established as 3.5-point favorites over the eventual champion Texas Cowboys in the ...

1 how can applying the sustainability leggs economic amp

1. How can applying the sustainability leggs : (Economic & Environmental & Social) help in developing the country economy position? 2. Environmental factors that influence the organisation particularly sustainability rel ...

Choose one of the following three discussion topics your

Choose one of the following three discussion topics. Your post should be 250-300 words and APA formatted. 1. Explain why a company's strategy needs to pass ethical scrutiny. 2. Analyze the impact of the Foreign Corrupt P ...

1 consider how buberrsquos theory of communication applies

1. Consider how Buber’s theory of communication applies to your life. For each of the three types of relationship (I–It, I–You, I–Thou) identify one person with whom you share that relationship. 2. Improve Your Metacommu ...

The electric power concept for vehicles has been in

The electric power concept for vehicles has been in existence since 1890, and was a competitor to steam and gasoline power technologies. It did not emerge as the power source in the dominant powertrain design for passeng ...

Risk management1-discuss the benefits of owning a

Risk Management 1-Discuss the benefits of owning a homeowner's policy even if nothing is owed on the home.? 2- Is driving a car a right or a privilege? Defend your position?

1 is it ethical for companies to offer incentive bonuses

1. Is it ethical for companies to offer incentive bonuses only to top managers? Why or why not? What are the pros and cons of making such bonuses available to all employees who meet performance criteria? 2. Should a comp ...

Background gc owners recognize the importance of effective

Background: GC owners recognize the importance of effective recruitment and hiring. They feel competent recruiting and hiring new GC management and other employees but want to hire an expert to recruit and hire cleaning ...

1 how might a companyrsquos goals for employee development

1. How might a company’s goals for employee development be related to its goals for innovation and change? How might a company's goals for employee development be related to its goals for productivity? 2. What are the di ...

Please expand on both of uniqlos the store organizational

Please expand on both of Uniqlo's (the store) organizational capabilities and how do they achieve this. Write it in your own words and make it atleast 2 paragraph for each given point (operational planning and process ef ...

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 Operation Management Expert