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| Teaching Since: | May 2017 |
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| Questions Answered: | 66690 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
There is a new leather jacket that will be popular for the upcoming selling season. But you cannot reorder due to the long leadtime. You must place a one time ordering decision. The jacket sells for $60 at your store. You buy the jacket for $30. You know that if you fail to sell the unit by the end of the season, you can salvage them to a third party for $8. From past experience, the demand for the jacket has mean 8000 and standard deviation of 1000.
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I just covered this section in class however, am having a hard time breaking the the problem down help!
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