Question: Company A orders three different winter boots from the same supplier. Demands for all three boots are normally distributed. The company has a limited

Company A orders three different winter boots from the same supplier. Demands

Company A orders three different winter boots from the same supplier. Demands for all three boots are normally distributed. The company has a limited purchase budget of $100.000. The characteristics of the boots are Item WB1 Unit Cost $30 WB2 $50 WB3 $100 Selling Price $50 Salvage Value Mean Demand Demand Std Dev $25 1000 250 $100 $40 600 200 $200 $80 400 100 Calculate the order quantities of the three items by taking the limited budget into account.

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