(Solved): Ryan manages inventory an apparel store. He planning to buy swimsuits for upcoming summer season. Ry ...
Ryan manages inventory an apparel store. He planning to buy swimsuits for upcoming summer season. Ryan purchases each swimsuit for $60 and sells each for $120. Leftover inventory at the end of the season is salvaged for $10 per unit. What is the optimal number of swimsuits Ryan should purchase? The demand for swimsuits during summer season is distributed as follows:
To determine the optimal number of swimsuits Ryan should purchase, we need to consider the demand for swimsuits during the summer season and calculate the expected profit for different quantities of swimsuits.Let's assume the demand for swimsuits during the summer season follows a probability distribution as provided.