One of O'Neill's high-end wetsuits is called the Animal. Total demand for this wetsuit is normally distributed
Question:
a. Suppose O'Neill already has no extra small-tall Animals in stock. What is O'Neill's expected profit if it produces one batch (five units) of extra small-tall black Animals?
b. Suppose O'Neill announces that it will only sell the Animal in one color, black. If O'Neill suspects this move will reduce total demand by 12.5 percent, then what now is its expected profit from the black Animal?
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Related Book For
Matching Supply with Demand An Introduction to Operations Management
ISBN: 978-0073525204
3rd edition
Authors: Gerard Cachon, Christian Terwiesch
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