A retailer buys newspaper from a publisher for 1 per copy, Ask an Expert

Management Studies

A retailer buys newspaper from a publisher for $1 per copy and sells it for $2 per copy.

Unsold copies are sold to a recycler for $0.50 per copy. Assume the demand for newspaper in the neighborhood is normally distributed with mean of 100 and std. dev. Of 15. Find:

a) Service level

b) How many copies should the retailer buy every day to maximize expected daily profits.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92023271

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