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In the inventory management model and the Excel file Inventory Management.xls (uploaded at the course website), suppose you had other alternatives: (1) doing some negotiation
In the inventory management model and the Excel file Inventory Management.xls (uploaded at the course website), suppose you had other alternatives: (1) doing some negotiation to get the unit wholesale cost down to $9.00 from $11.00; (2) charging $18.95 unit retail rather than $16.95 during the peak period. Assume that the clearance unit retail prices are the same (=$6.95). Which would be better? Based on your comparison of what seems to be the biggest (most profitable) value of h from each of the two alternatives. Try to do a sort of statistical analysis of the results if you can
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