) Janelle Inc. sells a seasonal product for $10 per unit. The cost of the product is $6 per unit. All units not sold during the regular season are sold for half the retail price in an end-of-season c...

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) Janelle Inc. sells a seasonal product for $10 per unit. The cost of the product is $6 per unit. All units not sold during the regular season are sold for half the retail price in an end-of-season c...

) Janelle Inc. sells a seasonal product for $10 per unit. The cost of the product is $6 per unit. All units not sold during the regular season are sold for half the retail price in an end-of-season clearance sale. Assume that demand for the product is normally distributed with a mean and a standard deviation of 500 and 100 respectively.

What is the recommended order quantity?

What is the probability of a stock out associated with the recommended order quantity in part a?

What is the recommended order quantity if Janelle is willing to tolerate a .05 probability of stock out?

Using your answer to part c, what is the goodwill cost Janelle is assigning to a stock out?

math Advanced-Math

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Answer 1

Answer #1

a) selling porce-$10 Cost$6 Saluge Value . : 그。. L4 620 s 80 I-p (o) l Cost Co- 6-10- 0.95 0959

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Answer 2

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) Janelle Inc. sells a seasonal product for $10 per unit. The cost of the product is $6 per unit. All units not sold during the regular season are sold for half the retail price in an end-of-season c...

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) Janelle Inc. sells a seasonal product for $10 per unit. The cost of the product is $6 per unit. All units not sold during the regular season are sold for half the retail price in an end-of-season c...

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) Janelle Inc. sells a seasonal product for $10 per unit. The cost of the product is $6 per unit. All units not sold during the regular season are sold for half the retail price in an end-of-season c...