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Question 2 A one - time seasonal sales opportunity for a retail store for a product has a demand normally distributed demand with mean of
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A onetime seasonal sales opportunity for a retail store for a product has a demand normally distributed demand with mean of and standard deviation The cost of procuring the products from the supplier of the product is $ per unit. The sales price of the product is $ Any unsold units can be sold at a discounted price of $ What is the optimal order quantity that minimizes the expected total understocking and overstocking costs? Rounded up to the nearest integer
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