Use for the following 2 questions: A fresh fish market sells perch for $7/lb, pays the fishermen $3/lb, and can get $2/lb from a pet food manufacturer for any not sold at the end of the day. The daily sales average is 8O Ib with a standard deviation is 20lb. What is the appropriate service level for perch for the market? Question 17 What is the appropriate stocking level (nearest whole number) in Ibs?

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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Use for the following 2 questions:
A fresh fish market sells perch for $7/lb, pays the fishermen $3/lb, and can get $2/lb from a pet food manufacturer for any not sold at the end of the day. The daily sales average is 80 Ib with a standard deviation is 20lb.
What is the appropriate service level for perch for the market?
Question 17
What is the appropriate stocking level (nearest whole number) in Ibs?
Transcribed Image Text:Use for the following 2 questions: A fresh fish market sells perch for $7/lb, pays the fishermen $3/lb, and can get $2/lb from a pet food manufacturer for any not sold at the end of the day. The daily sales average is 80 Ib with a standard deviation is 20lb. What is the appropriate service level for perch for the market? Question 17 What is the appropriate stocking level (nearest whole number) in Ibs?
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