S-Curve Turntables manufactures turntables, and sells them through Hullabaloo Records, a chain of specialty record stores. For a model year, they will manufacture their newest model of turntable, called "Orbitz", which will be sold through the record stores. It costs $120 for S-Curve to manufacture the turntables, which it then sells to Hullabaloo for $200. Hullabaloo Records then sells the turntables at retail for $300. Whatever doesn't sell gets put on clearance for $100. Demand for the turntable is expected to be normally distributed with a mean of 1360 and a standard deviation of 261. What is the optimal order amount that will maximize the SUPPLY CHAIN'S expected profit?

S-Curve Turntables manufactures turntables, and sells them through Hullabaloo Records, a chain of specialty record stores. For a model year, they will manufacture their newest model of turntable, called "Orbitz", which will be sold through the record stores. It costs $120 for S-Curve to manufacture the turntables, which it then sells to Hullabaloo for $200. Hullabaloo Records then sells the turntables at retail for $300. Whatever doesn't sell gets put on clearance for $100. Demand for the turntable is expected to be normally distributed with a mean of 1360 and a standard deviation of 261. What is the optimal order amount that will maximize the SUPPLY CHAIN'S expected profit?

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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