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Question 1) Assume that Mr. Engin has a company. He sells a specific product at a price of $6/product. Cost of this specific product for
Question 1) Assume that Mr. Engin has a company. He sells a specific product at a price of $6/product. Cost of this specific product for company is $2/product. At the end of the day, unsold product can be sold for recycle at a return price of $1.1. The demand for last 21 days for that product is given in the following table: (30 Points) N 1 2 2 2 3 3 3 1 4 st 5 4 4 4 5 2 3 4 1 5 5 1 3 3 Use discrete function assumption of Newsboy model and answer the following questions. (10 a) What is the critical ratio of the problem? Points) (10 b) Prepare a table for f(Q) and FlQ). Points) c) What is the optimal order size? (10 Points)
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