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For a newsvenor product with selling price R = $ 2 , purchase cost C = $ 0 . 8 , salvage value = $
For a newsvenor product with selling price $ purchase cost $ salvage value $
$
$
Optimal service level
If demand distribution is as follows, complete the table and identify
Juits
Suppose the order quantity units note that it is an arbitrary number, not necessarily the optimal order quantity
The expected sale
nits.
The expected leftover
The expected profit
Total mismatch costs $
Complete the following table calculate the expected profit for a given price of the crystal ball: Price of crystal ball $
Expected profit $
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