Multiple Choice
Daily demand for fresh cauliflower in the ZZ-Warehouse store follows normal distribution with mean 100 cartons and s.d.20 cartons.The ZZ-Warehouse buys at a cost of $50.00 per carton, sells it for $70.00 per carton.Unsold cartons are sold for $20.00 per carton.What is the optimal order quantity, using the single period model?
A) 100
B) 80
C) 95
D) 110
E) 105
Correct Answer:
Verified
Correct Answer:
Verified
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