Discuss about the demand for the jacket

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Reference no: EM131851505

Let us suppose you operate a high fashion clothing store. There is a new leather jacket that will be popular for the upcoming selling season. But you cannot reorder due to the long leadtime.

You must place a one time ordering decision. The jacket sells for $60 at your store.

You buy the jacket for $30. You know that if you fail to sell the unit by the end of the season, you can salvage them to a third party for $8.

From past experience, the demand for the jacket has mean 8000 and standard deviation of 1000.

Reference no: EM131851505

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