Question: IMPORTANT: USE EXCEL SOLVER AND HOW STEP - BY - STEP, TEACHER SAID ANSWER IS 3 9 3 0 Benetton has entered into a quantity
IMPORTANT: USE EXCEL SOLVER AND HOW STEPBYSTEP, TEACHER SAID ANSWER IS
Benetton has entered into a quantity flexibility contract with a retailer for a seasonal product. If the retailer orders O units, Benetton is willing to provide up to another percent if needed. Benettons production cost is $and it charges the retailer a wholesale price of $The retailer prices to customers at $per unit. Any unsold units can be sold by the retailer at a salvage value of $Benetton can salvage only $per unit for its leftover inventory. The retailer forecasts demand to be normally distributed, with a mean of and a standard deviation of aHow many units O should the retailer order?
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