As the owner of the Catch of the Day Fish shop, you can purchase fresh fist at $18 per crate each
Question: . As the owner of the Catch of the Day Fish shop, you can purchase fresh fist at $18 per crate each morning form the Walton Fish Market. During the day, you sell crates of fish to local restaurants for $120 each. Coupled with the perishable nature of the product, your integrity as a quality supplier requires you to dispose of each unsold crate at the end of the day. You cost of disposal is $2 per crate. You have a problem, however, because you do not know how many crates your customers will order each day. To address this problem, you have collected the several days worth of demand date shown in table below. You now want to determine the optimal number of crates your should purchase each morning.
| Demand | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 |
| Freq. | 0 | 0 | 0 | 1 | 3 | 2 | 5 | 1 | 6 | 7 | 6 | 8 | 5 | 4 | 1 | 3 |
Price: $2.99
Solution: The solution consists of 1 page
Type of Deliverable: Word Document
Type of Deliverable: Word Document
