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 ?
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