Business, 14.04.2020 21:35 johnandashley5p65r4a

Consider a product meeting the newsvendor assumptions. The unit purchase cost is $140. For each sold unit, you earn a profit of $60. For each leftover, you lose $30. The demand follows a normal distribution with a mean 80 and a standard deviation 30. Calculate the newsvendor critical ratio. what is the optimal order quantity

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Consider a product meeting the newsvendor assumptions. The unit purchase cost is $140. For each sold...

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