Bakery A sells bread for $2 per loaf that costs $0.50 per loaf to make. Bakery A gives an 80% discount for its bread at the end of the day. What is the overage cost?
$0.40 |
||
$1.50 |
||
$0.10 |
||
$0.50 |
The newsvendor model also called single-period model is nothing but the mathematical model which is used to determine the optimal quantity of perishable product that needs to maintained which is calculated based on fixed price and uncertain demand. Since the product is perishable and demand is uncertain the unsold items are worthless at the end of the day so newsvendor problem is solved to identify the optimal inventory level.
Bakery A sells bread for $2 per loaf that costs $0.50 per loaf to make. Bakery...
Bakery ABC sells bread for $2.1 per loaf that costs $0.78 per loaf to make. Bakery ABC knows that at the end of the day, he can sell all remaining bread for $0.45. Assuming Bakery ABC behaves optimally, what is the probability he would have a stockout each day? Note: If your answer is 12.345%, record 0.1235
The Bakery with a View produces organic bread that is sold by the loaf. Each loaf requires 1/2 of a pound of flour. The bakery pays $3.00 per pound of the organic flour used in its loaves. The bakery expects to produce the following number of loaves in each of the upcoming four months: E: (Click the icon to view the units to be produced.) The bakery has a policy that it will have 20% of the following month's flour...
A bakery sells specialty handmade loaves of bread. Daily fixed costs of product on are $125, while the marginal cost per loaf is $1.60. A bit of experimenting with their pricing structure has determined that 40 loaves will be sold if the selling price per loaf is $7.00; while 60 loaves will be sold if the selling price per loaf is $5.50. Assuming a linear price-demand relationship : (1) Show that the maximum daily profit is $110.20 when the price...
The Bakery with a View produces organic bread that is sold by the loaf. Each loaf requires 1/2 of a pound of flour. The bakery pays $3.00 per pound of the organic flour used in its loaves. The bakery expects to produce the following number of loaves in each of the upcoming four months: 2 (Click the icon to view the units to be produced.) The bakery has a policy that it will have 20% of the following month's flour...
The Bakery with a View produces organic bread that is sold by the loaf. Each loaf requires 1/2 of a pound of flour. The bakery pays $3.00 per pound of the organic flour used in its loaves. The bakery expects to produce the following number of loaves in each of the upcoming four months: EEE (Click the icon to view the units to be produced.) bakery has a policy that it will have 20% of the follow ng month's flour...
The Bakery on the Riverbank produces organic bread that is sold by the loaf. Each loaf requires 1/2 of a pound of flour. The bakery pays $3.00 per pound of the organic flour used in its loaves. The bakery expects to produce the following number of loaves in each of the upcoming four months: E(Click the icon to view the units to be produced.) The bakery has a policy that it will have 20% of the following month's flour needs...
The Bakery at the Lake produces organic bread that is sold by the loaf. Each loaf requires 1/2 of a pound of flour. The bakery pays $2.00 per pound of the organic flour used in its loaves. The bakery expects to produce the following number of loaves in each of the upcoming four months: E: (Click the icon to view the units to be produced.) The bakery has a policy that it will have 20% of the following month's flour...
The Bakery at the Ocean produces organic bread that is sold by the loaf. Each loaf requires 1/2 of a pound of flour. The bakery pays $3.50 per pound of the organic flour used in its loaves. The bakery expects to produce the following number of loaves in each of the upcoming four months: EEB Click the icon to view the units to be produced.) The bakery has a policy that it will have 20% of the following month's flour...
The following table shows employment and production of loaves of bread at a bakery. The owner of the bakery pays workers $100 per day and each of loaf of bread produced sells for $1. Given the table below, if the goal of the owner is to maximize economic profits, how many workers will he/she hire? Number of bakers per day Loaves of bread per day 0 0 1 400 2 700 3 900 4 1,025 5 1,100 6 1,150
S8-10 (similar to) Suppose an Olive Yard restaurant is considering whether to (1) bake bread for its restaurant in-house or (2) buy the bread from a local bakery. The chef estimates that variable costs of making each loaf include $0.50 of ingredients, $0.23 of variable overhead (electricity to run the oven), and $0.73 of direct labor for kneading and forming the loaves. Allocating fixed overhead (depreciation on the kitchen equipment and building) based on direct labor assigns $1.04 of fixed...