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The production cost of a short lifecycle product is $17 per unit and it sells at a price of $25 per unit. Assuming demand for
The production cost of a short lifecycle product is $17 per unit and it sells at a price of $25 per unit. Assuming demand for the product can be represented using a Normal distribution with a mean of mew units and a standard deviation of theta units, the optimal stocking quantity will be greater than units if: The salvage value is less than 9. The salvage value is 9. The salvage value is greater than 9. More information is needed to conclude
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