The local supermarket buys lettuce each day to ensure really fresh produce. Each morning, any lettuce that is left from the previous day is sold to a dealer that resells it to farmers who use it to feed their animals. This week, the supermarket can buy fresh lettuce for $6.00 a box. The lettuce is sold for $18.00 a box and the dealer that sells old lettuce is willing to pay $3.60 a box. Past history says that tomorrow's demand for lettuce averages 254 boxes with a standard deviation of 37 boxes. How many boxes of lettuce should the supermarket purchase tomorrow

The appropriate answer will be "289 boxes".

Explanation:

The given values are:

Cost

= $6

Sales price

= $18

Salvage price

= $3.60

Average daily demand (d)

= 254 boxes

Standard deviation ()

= 37 boxes

Now,

Overage of cost will be:

⇒  

          ($)

Underage of cost will be:

⇒  

          ($)

⇒  Service Level =

On substituting the given values in the above formula, we get

                            =

                            =

The service level value of Z at 83% is = 0.954

⇒  Order quantity =

                               =

                               =

the first one $24,630

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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