What is the expected fill rate based on your answer in part, Ask an Expert

Management Studies

Flextora Inc sells a product called SKU561. This is a seasonal product and only sold in the spring. Seasonal demand is normally distributed with mean 10,000 and standard deviation 1,000. The selling price is $80 per unit and the purchase cost is $20/unit. All unsold units are destroyed at no cost.

(a) What is the optimal order quantity?
(b) What is the expected fill rate based on your answer in part a?

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Operation Management, Management Studies

Category:- Operation Management
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