What should be dan order quantity

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Reference no: EM132706574

Problem 1: The publisher is thinking of offering the following scheme to Dan. At the end of the season, they will buy back unsold copies at a pre-determined price of $17.00. However, Dan would have to bear the costs of shipping unsold copies back to the publisher at $1.00 per copy. What is the quantity that Dan should order, to maximize his expected profits now?

Problem 2: Under the scheme described in (1) above, what should be Dan's order quantity if he wants to ensure a 99% service level?

Reference no: EM132706574

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