Generating and using an A/F Demand Distribution: Assume the underage cost is 3 Euro and the overage
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Question:
Generating and using an A/F Demand Distribution: Assume the underage cost is 3 Euro and the overage cost is 1 Euro. Based on Le Club's past forecasting performance (Exhibit 1),how many bottles would you order of a wine that is forecasted to sell 2000 bottles? [Assume this is the final forecast, i.e., the forecast after any potential adjustments, e.g., to ensure that the aggregate forecast across all items matches some target.] Show relevant work in sufficient detail to explain your approach.
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