For the profit-maximizing ordering plan

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Reference no: EM132225529

Demand for your product is known for the following three months: Month Demand Month 1 20 Month 2 20 Month 3 50 Assume that placing an order costs $60, the selling price of your product is $30, and you purchase the product for $20. Orders may be placed at the beginning of each month and are received instantaneously (i.e. just like the in-class competition). Inventory remaining at the end of each month costs $1 per unit. Leftover inventory at the end of month 3 is worthless. For the profit-maximizing ordering plan, how many units are ordered at the beginning of Month 1?

Reference no: EM132225529

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