The Corner Newsstand has demand for a certain weekly magazine that can be approximated by a Poisson distribution with a mean of 9.0.Magazines are purchased for $1.50.
If unsold copies can be returned for half credit and copies sell for $4.25 each,what is the optimal stocking level and its effective service level?

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The Answer of The Corner Newsstand has demand for a certain weekly magazine that can be approximated by a Poisson distribution with a mean of 9.0.Magazines are purchased for $1.50.
If unsold copies can be returned for half credit and copies sell for $4.25 each,what is the optimal stocking level and its effective service level?

The Corner Newsstand Has Demand for a Certain Weekly Magazine