Suppose in a process of producing bulbs,the number of producing defective bulbsis constant but unknown. Consider a lotof 100 bulbs which is either to be sold at$5 each giving a double money backguarantee for each defective item or tobe junked at a cost of $100 for the lot.Construct action space, state space, andpayoff table.

Introduction In this question we have to show action space. State space . And payoff table

Answered: Suppose in a process of producing…

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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A contractor has a job which should be completed in 100 days. At present, he has 80 men on the job and it is estimated that they will finish the work in 130 days. Of the 80 men, 50 are each paid P120.00 a day, 25 at P180.00 a day, and 5 at P250.00 a day. For each day beyond the original 100 days, the contractor has to pay P500.00 liquidated damages. a. How many more men should the contractor add so that he can complete the work on time?b. If of the additional men, 2 are paid P180.00 a day, and the rest at P120.00 a day, would the contractor save money by employing more men and not paying the fine and by how much?
3. Sonia intends to sell a cheese burger meal with a drink. It costs her P 25 per meal, and the owner of the space charged her P 250 per day for the place. P 25 & P 100 for the water and electricity respectively were charged to her daily as well. Determine the price of her meal if it needs 15 meals to recover all her expenses. a. b. Determine the profit if the income becomes equal to the total expenses, and if 20 meals were sold. с. Determine the profit or loss if she sold a total of 10 meals for P45 price per meal.
4.
If a company has excess capacity, it is contemplating whether a special order should be accepted. The order will not impact regular sales. If the company accepts the special order, what will occur? O Both fixed and variable costs will increase. Net income will increase if the special sales price per unit exceeds the unit variable costs. There are no incremental revenues. Incremental costs will not be affected.
An investor wants to exactly replicate the put option's payoff so he considers to buy X shares of the stock and Y shares of bonds. Suppose the stock price is $70 and the bond price with coupon rate 5% is $100. The stock price will either go up 15% or down 8% in one year. There are one European call option and one European put option with exercise price of $70 that will be expired in one year. Short selling is allowed. What are the values of X and Y?
For a lifetime life insurance purchased by someone aged 40, some of the following information is provided: • The death benefit is paid at the end of the year of death of $35000 if you die at age 20 year from first contract, $70000 if dies after 20 years of contract. • Premiums with the same amount are paid on average twice a year for a maximum of 20 years as long as they are alive. ä40 = 18,458 60= 14,904 ä50 = 17,025 ä(2) 40:201 = 19,628 ä(2)50:101 = 17,553 20E40 0,36663 10E50 0,60182 i = 0,05 Calculate the benefit reserve at time 10, that is 10V, using the prospective method! =
A manufacturing company receives orders for engines from two assembly plants Plant I needs at least 45 engines, and plant Il needs at least 32 engines. The company can send at K most 120 engines to these assembly plants. It costs $30 per engine to ship to plant I and $50 per engine to ship to plant II. Plant I gives the manufacturing company $20 in rebates toward its products for each engine they buy, while plant il gives similar $10 rebates. The manufacturer estimates that they need at least $1500 in rebates to cover products they plan to buy from the two plants. How many engines should be shipped to each plant to minimize shipping costs? What is the minimum cost? How many engines should be shipped to each plant to minimize shipping costs. subject to the given constraints? The number of engines to send to plant I is. The number of engines to send to plant II is

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