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In a newsvendor model with normally distributed demand, suppose the firm increases the order quantity, which of the following would be true The expected leftovers
In a newsvendor model with normally distributed demand, suppose the firm increases the order quantity, which of the following would be true
- The expected leftovers decreases
- The expected lost sales increases
- The expected profits would not be affected by the change
- Both expected leftovers and expected sales increases
- None of the above
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