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

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

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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)