Recommended daily order quantity for the supermarket

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A perishable dairy product is ordered daily at a particular supermarket. The product, which costs $1.19 per unit, sells for $1.65 per unit. If units are unsold at the end of the day, the supplier takes them back at a rebate of SI per unit. Assume that daily demand is approximately normally distributed with mean 150 and standard deviation 30. What is your recommended daily order quantity for the supermarket?

Reference no: EM131153086

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Recommended daily order quantity for the supermarket : A perishable dairy product is ordered daily at a particular supermarket. The product, which costs $1.19 per unit, sells for $1.65 per unit. If units are unsold at the end of the day, the supplier takes them back at a rebate of SI per unit. Assume tha..

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