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H&C is planning for its seasonal toy products. The forecasted mean demand is 4000 and the standard deviation is 1000. The cost of the product
H&C is planning for its seasonal toy products. The forecasted mean demand is 4000 and the standard deviation is 1000. The cost of the product is $90 per unit. The salvage value is $50. What is the implied cost of understock (Cu) if the order size is 3000? (Two decimal points)
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