# A retailer sells a perishable commodity and each day he places

**tutor4helpyou**

(Not rated)

(Not rated)

A retailer sells a perishable commodity and each day he places an order for Q units. Each unit that is sold gives a profit of 60 cents and units not sold at the end of the day are discarded at a loss of 40 cents per unit. The demand, D, on any given day is uniformly distributed over [80,140]. How many units should the retailer order to maximize expected profit?

- 6 years ago

**A retailer sells a perishable commodity and each day he places**

NOT RATED

Purchase the answer to view it

- answer.docx