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8) You are the inventory manager for a fashion retailer gearing up for a short-term promotion highlighting a trendy clothing item. Your goal is to
8) You are the inventory manager for a fashion retailer gearing up for a short-term promotion highlighting a trendy clothing item. Your goal is to find the optimal order quantity, striking a balance between stocking enough units to meet customer demand during the promotion and minimizing costs associated with excess inventory or potential lost sales. If the opportunity cost of shortages per unit is smaller than the costs related to excess inventory or potential lost sales, then the order quantity should be... 1. Greater than the average demand. 2. Half of the average demand. 3. Equal to the average demand. 4. Less than the average demand. 5. Triple the average demand. 6. Exactly double the average demand
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