1) Maile’s Flower Shop gets a rose delivery once per week for which they pay 33 cents per rose. Roses are sold for $1.52 per bud. By the end of the week, the last week’s roses have wilted to the point that they are unsalable and are discarded. Sales are normally distributed with a mean of 1,392 roses per week and a standard deviation of 83. How many roses should Maile purchase?
2) The Kaneohe Trading Company makes a fastener that they use in another process. The firm operates 283 days per year and uses the fasteners at a fairly steady rate of 165 per day. Fasteners can be produced at a rate of 590 per day. Annual storage costs is $4.00 per fastener and setup cost to produce more fasteners is $240. What is the cycle time in days?