What is the optimal order quantity for the shirts

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Reference no: EM133985232

Assignment:

NFL Merchandising is ordering polo shirts for Super Bowl LV in Tampa. Orders must be placed by July 2020 for January 2021 delivery. Based on historic data the demand is projected with a mean of 574,929 units and a standard deviation of 58,089 units. The purchase cost of the polo shirts is $10.25/unit. The selling price of the shirts is $ 25.00/unit and the unsold inventory has a salvage value of $ 3.80/unit. Using the News Vendor model what is the optimal order quantity for the shirts? (Integer answer)

Reference no: EM133985232

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