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Apatix Apatix
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7 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?
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Operations Management

Operations Management


Edition: 10th
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kadajikadaji
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Apatix Author
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7 years ago
You make an excellent tutor!
Marcie D
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
Fleury
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2 hours ago
Thanks
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