considering the order quantity S in pounds for a product whose monthly demand is normally distributed with

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considering the order quantity S in pounds for a product whose monthly demand is normally distributed with known mean pounds and standard deviation pounds. You pay a wholesale price C to purchase each pound, and you sell each pound for retail price P. The items spoil after a month so you cannot carry inventory over from one month to the next. Also, customers are not willing to wait for the item so if a customer shows up and wants to buy s

Posted Date: May 19, 2024 09:09 PM

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considering the order quantity S in pounds for a product whose monthly demand is normally distributed with

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