Burger prince buys top-grade beef for 100 per pound a large


Burger prince buys top-grade beef for $1.00 per pound. A large sign over the entrance guarantees that the meat is fresh daily. Any leftover meat is sold to the local high school cafeteria for 80 cents per pound. Four hamburger can be prepared from each pound of meat. Burgers sell for 60 cents each. Labor, overhead, meat, buns, and condiments cost 50 cents per burger. Demand is normally distributed with a mean of 388 pounds per day and a standard deviation of 30 pounds per day. What daily order quantity is optimal? (Hint shortage cost must be in dollars per pound.) (round your answer to 1 decimal place) Optimal daily order quantity? in lbs

Request for Solution File

Ask an Expert for Answer!!
Operation Management: Burger prince buys top-grade beef for 100 per pound a large
Reference No:- TGS01263280

Expected delivery within 24 Hours