Question: need the full solution please. 3. Consider a local retailer selling date boxes. If date box cost is 12 SAR and sells at 32 SAR
need the full solution please.
3. Consider a local retailer selling date boxes. If date box cost is 12 SAR and sells at 32 SAR with a salvage value of 10 SAR, the demand is normally distributed, with a mean of 50 and a standard deviation of 5 . What is the optimal stocking level? (6 Marks) (Write the formulae and use two places after the decimal point)
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