Question: This is already the solution. I do not get how to get the 3 9 3 1 answer. It was excel solver please show step
This is already the solution. I do not get how to get the answer. It was excel solver please show stepbystep how it happened. This is just letter a only
For reference, here is the original question: Benetton has entered into a quantity flexibility contract for a seasonal product with its retailer. If the retailer orders O units, Benetton is willing to provide up to another percent if needed. Benettons production cost is $ and they charge the retailer a wholesale price of $ The retailer prices to customers at $ per unit. Any unsold units can be sold at a salvage value of $ by the retailer. Benetton can only salvage $ per unit for its left over inventory. The retailer forecasts demand to be normally distributed with a mean of and a standard deviation of
a How many units O should the retailer order?
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