Question: for integrated production system Question 5: (20 Points); Assume that Bubiyan Company sells a specific product as a price of $50/product. Cost of this specific

for integrated production system Question 5: (20
for integrated production system
Question 5: (20 Points); Assume that Bubiyan Company sells a specific product as a price of $50/product. Cost of this specific product for company is $30/product. At the end of the day, unsold product can be sold at a return price of $10. Use continuous function assumption of Newsboy model. Assume that demand for the product distributed normally at mean 20 and standard deviation 2. a) Find the Cu, Co, and the critical ratio. (6 Points) b) Find the z value for the risk. (6 Points) c) Find the order size. (8 Points)

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