O’Neil orders 4000 Hammer 3/2 wet suits O’Neil pays $100 each and sells for $190 each to retailers During its end-of-the-season sales O’Neil is able to sell all surplus for $70. Demand for Hammer 3/2 is normally distributed with a mean of 3000, and a standard deviation of 1000. What will be O’Neil’s expected Inventory, expected sales, expected profit, in-stock probability, and Risk of Stock-out? What if O’Neil uses the best ordering quantity?

Answer rating: 100% (QA)

SOLUTION To answer this question we need to use inventory management techniques to determine ONeils expected inventory expected sales expected profit instock probability and risk of stockout for the c... View the full answer