imalivingpotato
12.08.2020 •
Business
A creamery shop sells its special ice cream for $4.50 a quart. It costs them $3.00 a quart to make it. The daily demand for this flavor is normally distributed with a mean of 35 quarts and a standard deviation of 4 quarts. Unsold ice cream is sold each day to a local restaurant at $1.50 per quart. What is the service level and corresponding optimal stocking level?
Solved
Show answers
More tips
- S Sport When and Where Will the 2014 World Cup be Held?...
- C Computers and Internet How to Choose a Monitor?...
- S Style and Beauty How to Get Rid of Peeling Nails: Natural Remedies...
- S Science and Technology Understanding Magnetic Storms: A Guide to This Natural Phenomenon...
- F Family and Home What is Most Important in Men s Lives?...
- G Goods and services Which TV is better - LCD or Plasma?...
- C Computers and Internet Are there special gaming mice?...
- G Goods and services LED-подсветка в LCD-телевизорах: 5 причин, почему она лучше других технологий...
- C Computers and Internet Keep Your Mouse Pad Clean: The Right Way to Clean It?...
- C Computers and Internet 3D Glasses! What is this thing?...
Answers on questions: Business
- M Mathematics Drag each tile to the correct box. Arrange the equations in order from least to greatest based on their solution. Equation A: 5(1 – 6) + 3r = (21 – 8) Equation...
- C Chemistry If ice is heated at constant pressure of 0.0512 atm will it...
- H Health 39. the short-term effects of marijuana can include o a. increased anxiety b. decreased anxiety c. dulled sensory perception d. all of the above...
- M Mathematics Reference angle for 311 degrees...
Ответ:
Answer and Explanation:
The computation of the service level and the corresponding optimal stocking level is shown below:
Given that
Selling price = SP = $4.50
Cost price = CP = $3.00
So,
Salvage value = V = $1.50
Average daily demand (d) = 35 quarts
The standard deviation of daily demand = 4 quarts
based on the above information
Overage cost = (Co) is
= CP - V
= $3.00 - $1.50
= $1.50
Now
Underage cost= (Cu)
= SP - CP
= $4.50 - $3.00
= $1.50
So,
Service level is
= Cu ÷ (Co + Cu)
= 1.50 ÷ (1.50 + 1.50)
= 1.50 ÷ 3.00
= 0.50
= 50%
Now
At 50 % service level, the value of Z is 0
So,
Optimal stocking level is
= d + Z × standard deviation
= 35 + (0 × 4)
= 35 + 0
= 35 quarts
Ответ:
So the main difference is that using a credit card, people can buy more than they can actually afford, so they can have debts as a consequence.
So people advice using debit cards as a way of avoiding debts.