QUESTION
A bakery sells cookies for $10 per bag, and each bag of cookies costs $5 to make. At the end of the day, the leftover cook es have a salvage value of $2 per bag. The bakery has the following daily demand distribution. What is the optimal production quality?
Demand (bags) Probability Demand (bags) Probability 46 15% 51 11% 47 17% 52 11% 48 1% 53 14% 49 5% 54 8% 50 3% 55 15%
52 O 53 O 5° O 51
QUESTION
5 points Save Answer
An agent serves a customer for 3 minutes on average, and the standard deviation of the processing time is 0.9 minutes. The demand rate is 15 customers/hour, and the coefficient of variation of the arrival process is 0.4. Assume that there is only one agent in the office. What is the average waiting time for a customer?
O 3.15 minutes O 1.125 minutes O 2.25 minutes 0 1.5 minutes
