A retailer planning to sell jackets during winter faces the following probability distribution of demand for jackets: x Probability(D=x) Probability(D<=x) 51 8% 8% 52 9% 53 10% 54 11% 55 12% 12% 11% 10% 9% 8% 85849 56 57 60 The retailer buys each jacket for $400 and sells it for $600. The retailer sells any leftover jacket in the spring sale at $300. Suppose the supplier offers to buy any leftover jackets for $375. so the retailer decides to sell any leftover jackets to the supplier (instead of the spring sale). What is optimal service level retailer would target and what is the optimal order quantity of jackets? 95% and 60 66.7% and 57 18% 28% 38% 50% 62% 72% 82% 92% 100% 88.9% and 59 80% and 58

A retailer planning to sell jackets during winter faces the following probability distribution of demand for jackets: x Probability(D=x) Probability(D<=x) 51 8% 8% 52 9% 53 10% 54 11% 55 12% 12% 11% 10% 9% 8% 85849 56 57 60 The retailer buys each jacket for $400 and sells it for $600. The retailer sells any leftover jacket in the spring sale at $300. Suppose the supplier offers to buy any leftover jackets for $375. so the retailer decides to sell any leftover jackets to the supplier (instead of the spring sale). What is optimal service level retailer would target and what is the optimal order quantity of jackets? 95% and 60 66.7% and 57 18% 28% 38% 50% 62% 72% 82% 92% 100% 88.9% and 59 80% and 58

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter10: Introduction To Simulation Modeling

Section10.5: Introduction To @risk

Problem 20P: Use @RISK to analyze the sweatshirt situation in Problem 14 of the previous section. Do this for the...

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