Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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Step 1: State the given information
VIEW Step 2: Apply Newspaper Vendor Model
VIEW Step 3: a) Determine daily order quantity if demand follows normal distribution
VIEW Step 4: b) Find the probability that the coffee shop will sell all units it orders
VIEW Step 5: c) Evaluate the effect of change in rebate
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