Find probability that demand is greater than inventory level


What is the probability that the demand will be greater than or equal to a given inventory level (P) such that (or where) expected marginal profit will equal expected marginal loss? Given: Marginal Profit (MP) is $90 and the Marginal Loss (ML) is $50.

Request for Solution File

Ask an Expert for Answer!!
Operation Management: Find probability that demand is greater than inventory level
Reference No:- TGS081134

Expected delivery within 24 Hours