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Runner s World launched a new model of running shoes called Nirvana . A pair of Nirvana is sold for $ 6 8 and costs
Runners World launched a new model of running shoes called Nirvana A pair of Nirvana is sold for $ and costs $ to make. If Nirvana does not get sold by the end of the season, it is sold to an outlet store for the discounted price of $ per pair. Additionally, the shipping cost to the outlet store for unsold shoes is $ per pair. The demand for Nirvana for the season is forecast to be normally distributed with a mean of and a standard deviation of What is the expected sales if the company makes pairs of Nirvana shoes for the season? What is the expected leftover inventory if the company makes pairs of Nirvana shoes for the season? What is the fill rate when the company makes pairs of Nirvana What is the optimal profitmaximizing production quantity of Nirvana for the season? What is the expected profit for Runners World if the company makes pairs of NirvanaEnter only a number, which should be the profit in dollars. Eg if your answer is $ enter How many pairs of Nirvana should Runners World make to achieve a stockout probability? Choose the closest answer. How many pairs of Nirvana should Runners World make to achieve fill rate? Choose the closest answer.
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