Business, 26.11.2019 03:31 shayravirgen30

Consider a newsvendor problem where demand is expected to be normally distributed with a mean of 1,000 units and a standard deviation of 800 units. this is a high-margin monopoly item, with a variable production cost of $2 per unit and a sales price of $100 per unit. in addition, the producer must pay $1 to discard any unsold units. how many units should be produced?

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Consider a newsvendor problem where demand is expected to be normally distributed with a mean of 1,0...

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