Question: Oksana is inventory manager at a large winter apparel store. Its August and Oksana is planning to buy newly designed winter jackets to be sold
Oksana is inventory manager at a large winter apparel store.
Its August and Oksana is planning to buy newly designed winter jackets to be sold during winter.
The demand for jackets is normally distributed with a mean of 500 and a standard deviation of 300.
Oksana purchases jackets for $100 each unit and sells each for $200.
Leftover jacket inventory at the end of the winter are salvaged for $50 per jacket.
What is the optimal number of jackets Oksana should purchase?
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