kai In the above question Athena Grocery is able to increase the month endsalvage price to $ 0.69 /pack. If the purchase price for $1.65/pack andselling price for $3.85/pack remains the same. What is the new optimalservice level for the Naan bread packs? (Percentage answer one decimalplace) Athena Grocery receives monthly shipments of Naan Bread from aspecialty bakery in New York. The monthly demand is normallydistributed with a known mean of 283 packs and a standard deviation of28 packs. Packs are purchased wholesale for $1.65/pack and sold for.$3.85/pack. At the end of the month unsold packs have a knownsalvage value of $0.60/pack. Using the News Vendor model what isAthena's optimal monthly order quantity for the Naan bread packs?(Integer answer)

The optimal order quantity is a crucial factor in the success of any business. It is the number of…

Answered: In the above question Athena Grocery is…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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That One Book sells its books through The Witch and the Wardrobe bookstores. It costs That One Book $0.80 to print each book; it sells the book to The Witch and the Wardrobe for $2.50. The Witch and the Wardrobe then sells the books at retail for $6.00. Whatever doesn’t sell gets thrown away. Demand for the book each issue is normal with a mean of 5219 and a standard deviation of 1610. To give The Witch and the Wardrobe incentive to order more books, it proposes a revenue-sharing contract. Instead of selling the book to The Witch and the Wardrobe for $2.50, That One Book will sell its books to The Witch and the Wardrobe for only $1.00. However, for each book that The Witch and the Wardrobe sells at retail, The Witch and the Wardrobe must give $2.00 back to That One Book. With this revenue sharing agreement in place, what is the optimal order amount that will maximize The Witch and the Wardrobe expected profit? Please do fast ASAP
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In the above question Athena Grocery is able to increase the month en salvage price to $ 0.69 /pack. If the purchase price for $1.65/pack and selling price for $3.85/pack remains the same. What is the new optima service level for the Naan bread packs? (Percentage answer one decim place)