Each year on march 1st, a department stores buyer places an order with an offshore supplier for

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Each year on march 1st, a department stores buyer places an order with an offshore supplier for the stores private label swimsuits. Upon receipt, the swimsuits sell at regular price through august 1st. Afterwards, the store liquidates its stock of swimsuits to a discount retailer. Historical sales suggest that demand for the swimsuits is normally distributed with a mean of 4,571 and a standard deviation of 201. What service level with the department store achieve if the buyer determines that the optimal order quantity is 4,748 swimsuits

Posted Date: Jun 22, 2024 11:05 AM

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Each year on march 1st, a department stores buyer places an order with an offshore supplier for

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