Question: Consider the problem of ordering inventory for a perishable or seasonal product that needs the employment of a single period inventory model. The make it
Consider the problem of ordering inventory for a perishable or seasonal product that needs the employment of a single period inventory model. The make it simple for you, Cu is $ 6 and Co is $ 0.78. The demand for the product is normally distributed with a mean 75 and standard deviation of 15.
The optimal order quantity is = units (round your snwer to the nearest integer)
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