Business, 04.12.2020 17:00 aks3489

A store uses the newsvendor model to manage its inventory. Demand for its product is normally distributed with a mean of 500 and a standard deviation of 300. Store A purchases the product for $10 each unit and sells each for $25. Inventory is salvaged for $5. What is the optimal quantity the store should order of its product

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A store uses the newsvendor model to manage its inventory. Demand for its product is normally distri...

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