Question

Solve the newsvendor problem. Probability 0.21 0.18 0.14 0.12 0.20 0.15 Value 1 2 3 4...

Solve the newsvendor problem.

Probability 0.21 0.18 0.14 0.12 0.20 0.15
Value 1 2 3 4 5 6
Purchase cost c = 47
Selling price p = 55
Salvage value v = 20

What is the optimal order quantity?

  Optimal order quantity   
Business   Operations-Management   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Demand Probability Cumulative Probability 0 0.11    1 0.11 2 0.28 3 0.22 4 0.18 5...
Demand Probability Cumulative Probability 0 0.11    1 0.11 2 0.28 3 0.22 4 0.18 5 0.10       selling price =125 cost price=80 salvage value=20 What is the optimal order quantity? What is the corresponding ec\xpected profit?? Please this is a humble request if you can kindly tell me the formula to calculate each cell value for getting the expected profit?? i wanted to know that please tell in detail thanks in advance ?
Type Probability 1 ton 0.12 2 tons 0.14 5 tons 0.17 10 tons 0.08 20 tons...
Type Probability 1 ton 0.12 2 tons 0.14 5 tons 0.17 10 tons 0.08 20 tons 0.49 An appliance dealer sells 5 types of air conditioners. The above gives the distribution of the random variable X - tonnage of air conditioner bought by a customer What is E(X)? [Answer 2 digits after decimal] 11.85 上面显示的是正确答案。 正确答案！ 您的证明编号是 155-5382 以前的尝试 What is σ(X)? [Answer 3 digits after decimal] Tries 0/5 The air conditioners are priced by the retailer at 200 dollars...
I. Solve the following problem: For the following data: 1, 1, 2, 2, 3, 3, 3,...
I. Solve the following problem: For the following data: 1, 1, 2, 2, 3, 3, 3, 3, 4, 4, 5, 6 n = 12 b) Calculate 1) the average or average 2) quartile-1 3) quartile-2 or medium 4) quartile-3 5) Draw box diagram (Box & Wisker) II. PROBABILITY 1. Answer the questions using the following contingency table, which collects the results of a study to 400 customers of a store where you want to analyze the payment method. _______B__________BC_____ A...
Question 2 Given the following probability distribution, what is the expected value? Outcome P(Outcome) 20 0.15...
Question 2 Given the following probability distribution, what is the expected value? Outcome P(Outcome) 20 0.15 1 0.15 19 0.10 2 0.09 17 0.51 Round to 3 decimal places as needed. Question 3 Brandybuck Insurance Company (BIC) is deciding whether to insure the lives of those leading a quest to Moria. Based on past experience, the probability of surviving such a quest is 83.4%. If BIC charges a premium of 8,565 silver coins and would pay a death benefit of...
4. (1 point) Consider the following pmf: x = -2 0 3 5 P(X = x)...
4. (1 point) Consider the following pmf: x = -2 0 3 5 P(X = x) 0.34 0.07 ? 0.21 What is the E[ X 1 + X ] 5. (1 point) Screws produced by IKEA will be defective with probability 0.01 independently of each other. What is the expected number of screws to be defective in any given pack? Hint: you should be able to recognize this distribution and use the result from the Exercises at the end of...
1.Solve the following initial value problem a) dy/dx= y2/(x-3), with y(4)=2 b) (sqrt(x)) dy/dx = ey+sqrt(x),...
1.Solve the following initial value problem a) dy/dx= y2/(x-3), with y(4)=2 b) (sqrt(x)) dy/dx = ey+sqrt(x), with y(0)= 0 2. Find an expression for nth term of the sequence a) {-1, 13/24, -20/120, 27/720, ...} b) {4/10, 12/7, 36/4, 108, ...}
Problem 9-1 (Algo) Lower of cost or net realizable value; by product and by total inventory...
Problem 9-1 (Algo) Lower of cost or net realizable value; by product and by total inventory [LO9-1] Decker Company has five products in its inventory. Information about the December 31, 2021, inventory follows. Product Quantity Unit Cost Unit Selling Price A 1,300 $ 16 $ 22 B 1,100 21 24 C 900 3 8 D 500 7 6 E 900 20 19 The cost to sell for each product consists of a 10 percent sales commission. Required: 1. Determine the...
Problem 11-18 Relevant Cost Analysis in a Variety of Situations [LO11-2, LO11-3, LO11-4] Andretti Company has...
Problem 11-18 Relevant Cost Analysis in a Variety of Situations [LO11-2, LO11-3, LO11-4] Andretti Company has a single product called a Dak. The company normally produces and sells 60,000 Daks each year at a selling price of $32 per unit. The company’s unit costs at this level of activity are given below: Direct materials $ 10.00 Direct labor 4.50 Variable manufacturing overhead 2.30 Fixed manufacturing overhead 5.00 ($300,000 total) Variable selling expenses 1.20 Fixed selling expenses 3.50 ($210,000 total) Total...
Answer Questions 2 and 3 based on the following LP problem. Let     P1 = number of...
Answer Questions 2 and 3 based on the following LP problem. Let     P1 = number of Product 1 to be produced           P2 = number of Product 2 to be produced           P3 = number of Product 3 to be produced Maximize 100P1 + 120P2 + 90P3         Total profit Subject to         8P1 + 12P2 + 10P3 ≤ 7280       Production budget constraint             4P1 + 3P2 + 2P3 ≤ 1920       Labor hours constraint                                    P1 > 200         Minimum quantity needed...
Problem 10-14 Basic Variance Analysis [LO10-1, LO10-2, LO10-3] Becton Labs, Inc., produces various chemical compounds for...
Problem 10-14 Basic Variance Analysis [LO10-1, LO10-2, LO10-3] Becton Labs, Inc., produces various chemical compounds for industrial use. One compound, called Fludex, is prepared using an elaborate distilling process. The company has developed standard costs for one unit of Fludex, as follows: Standard Quantity or Hours Standard Price or Rate Standard Cost Direct materials 2.50 ounces $ 22.00 per ounce $ 55.00 Direct labor 0.90 hours $ 16.00 per hour 14.40 Variable manufacturing overhead 0.90 hours $ 2.00 per hour...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT