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NEWSVENDOR MODEL Johnson Electronics sells electrical and electronic components through catalogs. Catalogs are printed once every two years. Each printing run incurs a fixed price

NEWSVENDOR MODEL Johnson Electronics sells electrical and electronic components through catalogs. Catalogs are printed once every two years. Each printing run incurs a fixed price os 2 5 , 0 0 0 ?a variable production cost of $ 5 ?per catalog. Annual demand for catalogs has normal distributed; mean of 1 6 , 0 0 0 ?and standard deviation of 4 , 0 0 0 . ?On average, each customer ordering a catalog generates a $ 3 5 ?in sales. Assuming that Johnson wants only one printing run in each two - year cycle ( and leftovers of the previous cycle are worthless ) , ?how many catalogs should be printed in each run?

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