San Diego State University Operations And Supply Chain Management Assignment Help - Deviation
Question - The demand for a product of Carolina Industries varies greatly from month to month. Based on the
past two years of data, the following probability distribution shows the companyâ€™s monthly demand:
Unit Demand Probability
a. If the company places monthly orders equal to the expected value of the monthly demand, what
should Carolinaâ€™s monthly order quantity be for this product?
b. Assume that each unit demanded generates $70 in revenue and that each unit ordered cos ...Read More
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