Question
A physician purchases a particular vaccine on Monday of each week. The vaccine must be used within the week following, otherwise it becomes worthless. The
A physician purchases a particular vaccine on Monday of each week. The vaccine must be used within the week following, otherwise it becomes worthless. The vaccine costs $20 per dose and the Physician charges $60 per dose. In the past 50 weeks, the physician has administered the vaccine in the following quantities:
Doses per week:20254060
No. of weeks:515 25 5
a)Obtain a payoff matrix
b)Obtain a regret matrix
c)Determine optimum number of doses the physician should buy
d)Determine the maximum amount the physician would be willing to pay per week for a perfect information about the number of doses expected to be demanded in a week
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