Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Business Management Expert

Megley Cheese Company is small manufacturer of number of different cheese products. One of products is cheese spread which is sold to retail outlets. Jason Megley should decide how many cases of cheese spread to produce each month. Probability that 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. Cost of every case is $45, and price that Jason gets for each case is $95. Unluckily, any cases not sold by end of month are of no value, due to spoilage. How many cases of cheese must Jason manufacture each month?

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M930889

Have any Question? 


Related Questions in Business Management

Assessment - group report and presentation the business

Assessment - Group Report and Presentation: The Business Case This is a group assignment that involves two components: a written report and a presentation via PowerPoint. To successfully complete these two assessment com ...

In terms of pumping performance how should engineers

In terms of pumping performance, how should engineers determine the use of radial flow pumps and axial flow pumps?

What component of ad is affected by consumer confidence is

What component of AD is affected by consumer confidence? Is this likely to have a large impact on AD? Why or why not?

Discussion team processesorganizational behaviorteam

Discussion "Team Processes" Organizational Behavior Team Processes Please respond to the following questions  Which team processes can have a positive influence on team performance? Which processes can have negative effe ...

Overviewthis assessment is designed to lead you from

Overview This assessment is designed to lead you from analysis of another leader to reflect on how you can improve your own leadership qualities. The first stage is to select a person whom you consider to be a successful ...

Revise the following sentence to eliminate flabby

Revise the following sentence to eliminate flabby expressions. In very few cases has it been advisable for us to borrow money for a period of 90 or fewer day.

Michael is a college senior who is majoring in marketing he

Michael is a college senior who is majoring in marketing. He owns a high-mileage 2005 Ford that has a current mar ket value of $2,500. The current replacement value of his clothes, television, stereo, cell phone, and oth ...

Business weeknbspreported in september of 2008 on another

Business Week reported in September of 2008 on another major outsourcing effort by U.S. businesses - this time involving the pharmaceutical industry. U.S. and Western drug executives have been flocking to India and China ...

Question 1 think about a time when you were required to

Question 1: Think about a time when you were required to accomplish a new or nonroutine task at work that had the potential to cause injury or illness. Discuss how a management of change process could be used to reduce t ...

Write a report explaining the strengths and limitations in

Write a report explaining the strengths and limitations in using pipe and filter commands. Provide a brief history of pipe and filtering style commands. Also, provide a comparison between the benefits of using pipe and f ...

  • 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

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate