## Unlock your academic success with our professional essay writing services today!

Coursepivot has top writers to help with your assignments

# Optimal order quantity

Question:

Part 1

You are a wholesaler specialized in organic, locally produced vegetables. You maintain a record of the quantity, in pounds, of the demand of vegetables per day. You have determined that the demand approximate a normal distribution with a mean of 22.55 and a standard deviation 2.64. You buy the vegetables at \$12 /lb and sell them at \$51 /lb.

Currently, you order the mean demand. Any left over is thrown away at the end of the day. What is your expected units short and profit per day following this ordering strategy?

Expected units short

Expected profit

Part 2

After taking SC1x, you have realized that with your current strategy you are not maximizing profits. What should your daily order quantity be in order to maximize daily profits? What will your expected units short and expected profit values be?

Optimal order quantity

Expected units short

Expected profit

Part 3

You noticed that your reliability to provide supplies affects your future sales, you will lose some customers when you stock out. You estimate the penalty of stocking out to be \$24 per lb. What should your new optimal order size be? What will your expected units short and expected profit values be?

Optimal order size

Expected units short

Expected profit

Part 4

You decided to check the empirical distribution of the demand. In your record (the table below), demand has been rounded up to the nearest pound (lb).

Based on this empirical distribution, what is the new optimal Q assuming that, like in Part 3, there is stock out penalty of \$24? What are your new expected units short and expected profit values? (For Part 4, you may assume that the vegetables are supplied, consumed and resold in discrete pound (lb) units.)

### How to Order a Custom Paper on Coursepivot in Three Simple Steps

• Whether you are a new user or a returning customer, you can easily create an account or log in to your existing one, enabling you to enjoy the benefits of our website and its features.

### Step 2: Fill out the order form with your requirements

• Once you are logged in, navigate to the order form page to start filling in the details of your order.
• If you need any assistance during this process, our support team is readily available to help. Simply send an inquiry to our support team, and they will promptly respond to address your concerns and provide guidance.
• On the order form page, you will be prompted to enter your question's title, description, and category. This information helps us understand the scope of your essay and ensure that we assign the most suitable writer for your task.
• Additionally, you will be asked to select the deadline, paper format, line spacing, and total budget for your order. These choices enable us to deliver a custom-written essay that meets your specific requirements.
• Once you have filled in all the necessary details, click the 'submit' button to proceed to the next step.

### Step 3: Wait for order delivery and review your paper

• After you have submitted your order, our support team will promptly match it with the best writer available, considering their expertise in the relevant subject area.
• The assigned writer will then begin working on your essay, ensuring thorough research, high-quality writing, and adherence to your specifications.
• Once the writer has completed the essay, it will undergo a comprehensive review by our quality team to ensure its accuracy, coherence, and overall excellence. The finalized paper will be delivered to you via email before the agreed-upon deadline, allowing you sufficient time for review.
• Upon receiving the paper, you have the option to accept it and rate your writer based on your satisfaction. If you feel any revisions are necessary, you can request them at any time until you are fully content with the delivered work.
• Our dedicated support team is always available to address any concerns or modifications you may require.
• By following this three-step process, you can easily submit an order on our essay writing website, CoursePivot.com, and receive a high-quality, customized essay that meets your academic needs.

## Homework help and research paper assistance

Order custom essays from top writers today and get a professional paper delivered to your email on time. Coursepivot has top tutors and writers at your service.