Question: Continue with the assumptions of Question 2 . However, you can only order a total of 1 0 , 0 0 0 parkas because of
Continue with the assumptions of Question However, you can only order a total of parkas because of logistics capacity from China. You can choose any mix of the parka styles. Decide how much of each style to include in the total. For each style, calculate the expected profit, service level, and fill rate, using your decision.
Excel Functions:
Calculate zvalue corresponding to a critical ratio or service level:
z NORM.INVcritical ratio or service level,
Calculate service level corresponding to a zvalue
service level NORM.DISTz TRUE
Calculate standard normal loss corresponding to a zvalue:
Lz NORM.DISTz FALSE zNORMDISTz TRUE
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
