Arthur & Nicole Co. Ltd trades in a certain perishable item. Each item costs Tzs 1,500 and is sold at Tzs 2,500. Any item not sold by the end of the day is disposed off for Tzs 1,000. The company forecasts the following daily demand level for the item:

20,000/-, 30,000/-, 40,000/-, 50,000/- and 60,000/-

If the most likely demand is the 40,000/- item and that the demand for20,000/- units is as half as likely; the demand for 30,000/-units is three quarters as likely. The demand for 50,000/- units is one quarter as likely and the demand for 60,000/- units is half as likely.

REQUIRED

Describe the tools you may use to advice Arthur & Nicole Co. Ltd on the decision to take if decision need to be made on friday under all the environments that you came across to know.