Question: Consider the problem of ordering optimal inventory for a perishable a product that costs $ 2 . 8 . It is sold for $ 4

Consider the problem of ordering optimal inventory for a perishable a product that costs
$2.8. It is sold for $4; unsold products have a salvage value of $0.75. What is the optimal order
amount? What is the probability of demand exceeding this order amount? The demand for the
product is normal with mean 150 and standard deviation 45.

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