Question: In a certain newsvendor model featuring normal demand with mean , and standard deviation > 0, the resulting optimal service level is 0.625. Which one
In a certain newsvendor model featuring normal demand with mean , and standard deviation > 0, the resulting optimal service level is 0.625. Which one of the following statements is consequently true? (a) The optimal order quantity Q? is greater than the demand mean . (b) The optimal order quantity Q? is greater than the demand standard deviation . (c) The optimal order quantity Q? is less than the demand mean . (d) The optimal order quantity Q? is less than the demand standard deviation .
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