Essay
The Corner Newsstand has demand for a certain weekly magazine that can be approximated by a Poisson distribution with a mean of 9.0.Magazines are purchased for $1.50.
If unsold copies can be returned for half credit and copies sell for $4.25 each,what is the optimal stocking level and its effective service level?
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Ce = $1.50/2 = $.75 Cs = $4.25 - 1.50 = ...View Answer
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