Question
Al Majd Fruit Marketing Company sells pomegranate crops. The company sells each carton ordered for 6 Qatari riyals, while it disposes of the number of
Al Majd Fruit Marketing Company sells pomegranate crops. The company sells each carton ordered for 6 Qatari riyals, while it disposes of the number of cartons that are not sold at the end of the day at a price of 3 Qatari riyals per carton. Since the company buys in bulk, the order size is either 7, 12, or 18 cartons, while the daily demand for pomegranates ranges between 6, 12, and 19 cartons. If you know that the cost of purchasing a carton of pomegranates is 4 riyals, and that there is a loss estimated at 1 riyal for each carton ordered and the company does not have inventory to meet it. What is required:
A. Calculate the benefit (profit) table for this issue. B. What is the decision that reduces regret levels to their lowest levels?
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