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A supermarket sells a specific mobile brand and earns a revenue of AED 5 1 0 per mobile. An unsold mobile incurs a holding cost
A supermarket sells a specific mobile brand and earns a revenue of AED per mobile. An unsold mobile incurs a holding cost of AED at the end of the month. Holding cost is a portion of the rent, insurance, and others. If there is any shortage, the market assigns a goodwill cost of AED a mobile. The store has a stocking policy of mobiles a month. The demand follows a normal distribution with a mean of and a standard deviation of
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