Penalty cost for one unit is 25euro random demand is, Ask an Expert

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Penalty cost for one unit is 25€. Random demand is distributed according to the uniform distribution in interval 55 ≤ Qd ≤ 80. Write the probability density function of the penalty costs as the function of inventory x. What value of x should be chosen to minimize penalty costs?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92294524

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