Soup4U is a restaurant that sells soup. Soup4U makes production decisions using the news vendor model. Each bowl of soup costs the store a total of $2 to make. Soup4U sells each bowl of soup to its customers at $4.50 a bowl. Any left over bowls of soup will be donated to a soup kitchen for free. If Soup4U were to use the news vendor model to make an optímal production decision what would their service level be? (Round your answer to two decimal places.) 23% 2 44% O 56% 80% None of the other answers are within 1% of correct
Soup4U is a restaurant that sells soup. Soup4U makes production decisions using the news vendor model. Each bowl of soup costs the store a total of $2 to make. Soup4U sells each bowl of soup to its customers at $4.50 a bowl. Any left over bowls of soup will be donated to a soup kitchen for free. If Soup4U were to use the news vendor model to make an optímal production decision what would their service level be? (Round your answer to two decimal places.) 23% 2 44% O 56% 80% None of the other answers are within 1% of correct
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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