Sehir bookstore needs to decide how many Supply Chain books to order for the next Fall...

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Sehir bookstore needs to decide how many Supply Chain books to order for the next Fall semester. The book store buys the books at $22 each and sells at $40. Any unsold book is bought back by Prentice Hall distributor at s17 dollars. It is estimated that the class size will be some where between (and including) 20 and 35. In this range, the class size can take any integer value with equal probabilities. a) What is an appropriate distribution for book demand, specify the distribution with its parameters (mean and variance). b) Compute how many books should be ordered. c) What is the total expected profit with the number of books found in (b)? d) What is the percentage of the total SC book demand that can be satisfied from off the shelf according to the order size determined in (b)? e) If you were the manager in charge of ordering books at the bookstore, what actions would you consider to increase the cycle service level that you have decided in (b)? Sehir bookstore needs to decide how many Supply Chain books to order for the next Fall semester. The book store buys the books at $22 each and sells at $40. Any unsold book is bought back by Prentice Hall distributor at s17 dollars. It is estimated that the class size will be some where between (and including) 20 and 35. In this range, the class size can take any integer value with equal probabilities. a) What is an appropriate distribution for book demand, specify the distribution with its parameters (mean and variance). b) Compute how many books should be ordered. c) What is the total expected profit with the number of books found in (b)? d) What is the percentage of the total SC book demand that can be satisfied from off the shelf according to the order size determined in (b)? e) If you were the manager in charge of ordering books at the bookstore, what actions would you consider to increase the cycle service level that you have decided in (b)?

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