given period demand for an item is equally likely to be any value between 100 and 199 units. each unit of the item costs £75 and can be sold for £100. at the end of the period all unsold stock is passed to a recycler who pays £25 a unit. how many units would you buy for the period?

Answer rating: 100% (QA)

This is a one time period inventory problem newsvendor model It is given that Underage or ... View the full answer