Top Posters
Since Sunday
o
5
b
4
4
s
3
j
3
b
3
m
3
K
3
g
3
L
3
w
3
m
3
Home Q & A Board Other Fields Homework Help Business Management
New Topic  
Apatix Apatix
wrote...
Go to Answer
Posts: 1447
Rep: 0 0
6 years ago
A newspaper boy is trying to perfect his business in order to maximize the money he can save for a new car. Daily paper sales are normally distributed, with a mean of 100 and standard deviation of 10. He sells papers for $0.50 and pays $0.30 for them. Unsold papers are trashed with no salvage value. How many papers should he order each day and what % of the time will he experience a stockout? Are there any drawbacks to the order size proposed and how could the boy address such issues?
Textbook 
Operations Management

Operations Management


Edition: 10th
Authors:
Read 344 times
1 Reply
Replies
Answer verified by a subject expert
kadajikadaji
wrote...
#1
Top Poster
Posts: 992
Rep: 9 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
This verified answer contains over 110 words.
1

Related Topics

Apatix Author
wrote...

6 years ago
Thanks
lubennick
wrote...

Yesterday
Brilliant ツ
yen
wrote...

2 hours ago
This site is awesome
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1276 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 4462
  
 294
  
 339
Your Opinion
How often do you eat-out per week?
Votes: 80
Previous poll results: Which is the best fuel for late night cramming?