Usetutoringspotscode to get 8% OFF on your first order!

  • time icon24/7 online - support@tutoringspots.com
  • phone icon1-316-444-1378 or 44-141-628-6690
  • login iconLogin

Help in Management

InstructionsA newsvendor buys daily newspaper at the beginning of the day with a purchasing price $0.30/unit.During the day, the newsvendor sells to customer with a selling price $1/unit; customer demand has a normal distribution with mean 100 and standard deviation 20.At the end of the day, if there is unsold newspaper, the newsvendor can return them to the newspaper publisher with a salvage price $0.10/unit.What is the optimal order (purchasing) quantity the newsvendor should buy at the beginning of the day? Please upload your answer Excel file to your detailed calculations and support.

You can leave a response, or trackback from your own site.

Leave a Reply

Powered by WordPress | Designed by: Premium WordPress Themes | Thanks to Themes Gallery, Bromoney and Wordpress Themes