Zaza fashions demand for the polka dot silk skirt during, Ask an Expert

Management Studies

Zaza Fashions' demand for the Polka Dot silk skirt during the Fall season is Poisson with a mean of 6.5. Zaza calculates the order quantity that maximizes its expected profit using the newsvendor model and determines that the stock-out probability with that order quantity is about 0.32724. What is the fill rate corresponding to that order quantity?

Note: you are dealing with a Poisson distribution here so you will need t use the Poisson Distribution Function Tables. 4.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M93112048

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