Piyadasa’s Fish market buys fresh Boston Tilapia daily for $5.85 per pound and sells it for $7.80 pe
Piyadasa’s Fish market buys fresh Boston Tilapia daily for $5.85 per pound and sells it for $7.80 per pound. At the end of each business day, any remaining bluefish is sold to a producer of cat food for $3.50 per pound. Daily demand can be approximated by a normal distribution with a mean of 180 pounds and a standard deviation of 50 pounds. What is the optimal order quantity?
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