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Inventory Simulation This work is similar to the class example. But now assume the weekly demand follows a normal distribution with mean 2 0 0
Inventory Simulation
This work is similar to the class example. But now assume the weekly demand follows a normal distribution with mean and standard deviation The purchase cost is $ per unit with a refund of $ for unsold and returned units. The unit sales price is $ The manager has chosen to order each week. Use simulation, Solver, SolverTable, and this discrete distribution to create realizations of this simulation to identify a good estimate of average weekly profit for order quantities of to in increments of units.
For simiplicity, you don't need to round your numbers. The optimal solution should be or units.
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