Complete problem 2-12 from your text on page 51 using the
Complete Problem 2-12 from your text on page 51 using the newsvendor.xls file from Book Examples. Disregard the instruction to keep the sample value at 150, the news vendor sample size is 30 so leave it at that. Your objective is to hone in on the optimal value of of q using trial and error and the news vendor spread sheet. Modify the spreadsheet until […]