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Suppose Foxie began with a starting inventory of 125 (her order quantity). Let us refer to the expected sales as S, expected leftover as LI,
Suppose Foxie began with a starting inventory of 125 (her order quantity). Let us refer to the expected sales as S, expected leftover as LI, expected lost sales as LS, and the quantity she started with (i.e., 125) as Q. Also remember, we have the following data: fresh bagels could be sold at $4 each day-old bagels are sold at $1.50 each at the end of the day raw materials for each bagel is estimated at $2.50 to make all customers happy, Foxie Owl gives a 25 cent discount coupon to each lost customer when she's out of bagels, for use next time If Foxie keeps a starting inventory of 125, what is her net profit, in dollars per day? After some further analysis, Foxie determined that the daily demand was in fact normally distributed, with a mean of 150 and a standard deviation of 10. If Foxie decides to order and hold 170 units in starting inventory, what is the z-value that she is aiming for? If Foxie decides to order and hold 170 units in starting inventory, what is the service level that she is aiming for? Suppose Foxie began with a starting inventory of 125 (her order quantity). Let us refer to the expected sales as S, expected leftover as LI, expected lost sales as LS, and the quantity she started with (i.e., 125) as Q. Also remember, we have the following data: fresh bagels could be sold at $4 each day-old bagels are sold at $1.50 each at the end of the day raw materials for each bagel is estimated at $2.50 to make all customers happy, Foxie Owl gives a 25 cent discount coupon to each lost customer when she's out of bagels, for use next time If Foxie keeps a starting inventory of 125, what is her net profit, in dollars per day? After some further analysis, Foxie determined that the daily demand was in fact normally distributed, with a mean of 150 and a standard deviation of 10. If Foxie decides to order and hold 170 units in starting inventory, what is the z-value that she is aiming for? If Foxie decides to order and hold 170 units in starting inventory, what is the service level that she is aiming for
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