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20 Mar 2019
LifeKicks popular back-to-school sneakers, Jacobs costs them $40 per pair from their supplier. They
are able to sell Jacob's at $80 per pair during their peak fall selling season. Because the demand for the
shoes drastically drops after fall, LifeKicks is not able to sell the shoes at a discount and is forced to
donate the remaining pairs. The demand for Jacobs is normally distributed with a mean of 100. What is
the optimum order quantity?
a) Cannot be determined without a salvage value.
b) Cannot be determined without a standard deviation.
c) 69.15
d) 100
LifeKicks popular back-to-school sneakers, Jacobs costs them $40 per pair from their supplier. They
are able to sell Jacob's at $80 per pair during their peak fall selling season. Because the demand for the
shoes drastically drops after fall, LifeKicks is not able to sell the shoes at a discount and is forced to
donate the remaining pairs. The demand for Jacobs is normally distributed with a mean of 100. What is
the optimum order quantity?
a) Cannot be determined without a salvage value.
b) Cannot be determined without a standard deviation.
c) 69.15
d) 100
2 Jun 2021
