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12 2 lots 3 lots 223 Assume that the propabilities of low demand= 0.13 and meduim deman-0.60 By using the above information, the expected value for the best decision using expected value approaches

12 2 lots 3 lots 223 Assume that the propabilities of low demand= 0.13 and meduim deman-0.60 By using the above information, the expected value for the best decision using expected value approaches

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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LF company must decide how many lots of assorted ski wear to order for its three stores information on cost has led to the following payoff table Demand Medum 0.60 probability order size 1 lot 2 lots 3 lots Low 0.13 125 50 223 Assume that the propabilities of low demand= 0.13 and meduim deman=0.60 By using the above information, the expected value for the best decision using expected value approachi WWWX 73 103 High 152 47 261
Transcribed Image Text:LF company must decide how many lots of assorted ski wear to order for its three stores information on cost has led to the following payoff table Demand Medum 0.60 probability order size 1 lot 2 lots 3 lots Low 0.13 125 50 223 Assume that the propabilities of low demand= 0.13 and meduim deman=0.60 By using the above information, the expected value for the best decision using expected value approachi WWWX 73 103 High 152 47 261
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