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Edwin operates a small bakery stand on weekends. The cost to purchase the ingredients is $9 per bread and the selling price is $12 per
Edwin operates a small bakery stand on weekends. The cost to purchase the ingredients is $9 per bread and the selling price is $12 per bread . Unsold breads are discarded at the need of the weekend. If using the news vendor model to determine how many breads to purchase, what is the overage cost in dollars?
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The newsvendor model is used to determine the optimal order quantity for perishable goods like the b...
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Operations management
Authors: Jay Heizer, Barry Render
10th edition
978-0136119418, 136119417, 978-0132163927
