An item has a fix cost of replenishment of $1000. The per-unit wholesale price of the item is $50. The annual holding cost is estimated based on a 20% interest rate. The daily demand is normally distributed with a mean of 200 units and a standard deviation of 10 units. The lead time from the supplier is normally distributed with a mean of 10 days and standard deviation of 2 days. A service level of 97.5% is desired. Determine a good (Q, r) policy for this item using your knowledge on (Q, r) models.

it's actually a very difficult task, due to not many people can make 2 million dollars in 2 years. besides that, to the not-so-realistic ideas, you can create a business. it could be practically anything, but make it into a business that isn't that known yet, you get me? also, lets not forget about stock market. that's where all the good stuff happens. use investments at the beginning and begin to raise up your business or whatever you're going to do. as this is a very non-realistic idea, it's still worth the shot!

turnover

the amount of money taken by a business in a particular period.

answermarginal cost;