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Qon 4 2 pts Birka Styles & Co is introducing a new line of beachwear for their retail stores. The manager needs to decide how
Qon 4 2 pts Birka Styles & Co is introducing a new line of beachwear for their retail stores. The manager needs to decide how many lots of the new beachwear to order for their stores. The marketing came up with a payoff table (see below) considering information about the price, projected sales level, and cost of inventory and ordering. DEMAND Order size Low Medium High 1 lot 12,000 15,000 15,000 2 lots 9,000 25,000 35,000 3 lots 6,000 35,000 60,000 The owner wants to use minimax regret. How many lots should the manager order? 1 lot 2 lots 3 lots
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