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Same problem statement: Weekly demand for DVD - Rs at a retailer is normally distributed with a mean of 1 , 0 0 0 boxes
Same problem statement:
Weekly demand for DVDRs at a retailer is normally distributed with a mean of boxes and a standard deviation of Currently, the store places orders to the supplier, with a reorder point of boxes. The order quantity to the supplier is fixed at boxes. Replenishment lead time is weeks, fixed order cost per order is $ each box costs the retailer $ and the inventory holding cost is per year. Assume weeks in a year.
Given the problem parameters, what is the optimal order quantity the retailer should order?
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