# Your store sells a product for which the daily demand is Poisson with an average value of 10. The…

Your store sells a product for which the daily demand is Poisson with an average value of 10. The product sells for \$50, and its holding cost is \$1.50 per unit per day. Every time you order the product, you pay \$32.50 per unit plus a \$70 per order handling fee. There is a one day “lag” after an order is placed: for example, an order placed at the end of day 1 will arrive at the beginning of day 3. If you run out of stock, sales are lost.

Your ordering policy is as follows, described by two parameters R and L:
• At the end of each day, let I be the ending inventory, and Y be the amount ordered yesterday

(possibly zero)

• If I + Y > R, do not order anything

• If I + Y < R, order L – (I + Y) units, that is, try to bring the inventory up to L

On day one, you have a starting inventory of 43, and you have not ordered in the previous two days. Using a period of 100 days and a sample size of at least 250, experiment with all possible combinations of R = 10, 15, 20, 25 and L = 40, 45, 50, 55. Which policy gives the highest average profit over the 100-day period? Give your answer both with and without a \$25/unit “salvage” correction, applied to all units in inventory during the last day or ordered over the last two days.

Calculate the price
Pages (550 words)
\$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with My Study Writers
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
excellent work
Customer 453201, November 1st, 2022
Human Resources Management (HRM)
Very well written and very impressed with this service!
Customer 453077, February 16th, 2022
Professions and Applied Sciences
Thanks. This helps a lot. Was a bit late but some cushion was given.
Customer 453015, February 10th, 2022
Nursing
thank you so much
Customer 452749, June 10th, 2021
Management
It's the second time I use this service and it does not let me down. Work quality is so good for its price!
Customer 452985, December 3rd, 2021
First of all, the writer made sure that he completely understood my assignment and all the guidelines before he began writing. My paper was finished very fast and well before the specified deadline. I thought it was written excellently. He definitely completely grasped the topic. Overall, he is a great writer and I couldn't have asked for better.
Customer 452441, November 29th, 2021
Emergency Management
Thanks
Customer 453015, October 28th, 2022
Social Work and Human Services
Although it took 2 revisions I am satisfied but I did receive it late because of that.
Customer 452603, March 25th, 2021
Human Resources Management (HRM)
Always great! My son has been in critical health these last few semesters. Many times I have thought he wasn't going to make it and thought about quitting or postponing school until he was healthier but it always happens to be in the middle of the semester. This service has been a lifesaver for my mindset in helping keep my grades up and keep my son alive at the same time. I don't know if I could have made it through this period without it.
Customer 453077, June 6th, 2022
Nursing
Impressive writing
Customer 452547, February 6th, 2021
Other
I am beyond eager to write this review for this writer. I received a grade of "Mastered"upon first submission on this assignment. I will shout to the rooftops ENCOURAGING you to hire him. I have used other writers but NONE have delivered such awesome work as this writer and NONE of their prices can compare to his. He does not try to "break the bank" and he works hard; it shows in the final paper and the grade. He is simply,THE BEST HERE!!
Customer 452995, November 16th, 2021
Accounting
Looks amazing!
Customer 453283, September 2nd, 2022
11,595
Customer reviews in total
96%
Current satisfaction rate
3 pages
Average paper length
37%
Customers referred by a friend