Consider each change to the monetary inputs (the unit cost, the unit price, and the unit refund)
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Consider each change to the monetary inputs (the unit cost, the unit price, and the unit refund) one at a time in Example 12.5. For each such change, either up or down, describe how the cost of under-stocking and the cost of overstocking change, how the critical fractile changes, and how the optimal order quantity changes. Are these changes all intuitive?
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Sensitivity in critical fractile analysis In this model let r be the regular selling price let c ...View the full answer
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Related Book For
Practical Management Science
ISBN: 978-1305250901
5th edition
Authors: Wayne L. Winston, Christian Albright
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