a buyer for a department store orders sweaters about 6 months before the winter season. the store plans to hold a march clearance sale to sell any surplus goods by february 29. each piece costs $100 per pair and sells for $120 per pair. at the sale price of $60 per pair, it is expected that any remaining stock can be sold during the march sale. assume that a uniform probability distribution ranging from 250 to 450 items describes the demand. the expected demand is 300. in the context of the single period inventory system, the optimal order size q must satisfy the condition .....
a. P(demand ≤ Q*) = 1/2
b. P(demand ≤ Q*) = 1/3
c. P(demand ≤ Q*) = 1/4
d. P(demand ≤ Q*) = 1/5

Respuesta :

The optimal order size q must satisfy condition b. P demand ≤ Q* = 1/3.

Periodic up-to-date is a gadget of up-to-date in which updates are made on a periodic foundation. This differs from perpetual date structures, wherein updates are made as seen fit. In a periodic deck system, no attempt is made up-to-date maintain records of both the up-to-date and the cost of goods offered.

A periodically updated gadget is a shape of updated valuation in which the up to date updated account is updated on the up to date of accounting duration up-to-date after each sale and purchase. The technique allows a commercial enterprise to date song it's beginning up-to-date and ending up to dates updated inside an accounting length.

The periodic up-to-date system is most beneficial for smaller corporations that hold minimum amounts of invenupupdated. For them, a physical up-to-date count number is a straight up to date, and they could estimate the price of goods offered figures for intervening time periods.

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