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Daily demand for fresh cauliflower in the ZZ-Warehouse store follows a normal distribution with a mean of 80 cartons and standard deviation of 20
Daily demand for fresh cauliflower in the ZZ-Warehouse store follows a normal distribution with a mean of 80 cartons and standard deviation of 20 cartons. The ZZ-Warehouse buys at a cost of $50.00 per carton and sells it for $70.00 per carton. Unsold cartons are sold for $20.00 per carton. What is the optimal order quantity, using the single-period model?
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Operations Management
Authors: William J Stevenson, Mehran Hojati
4th Canadian edition
978-1259270154, 1259270157, 978-0071091428
