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D-Bites is a new burger stall in town. The owners, siblings, Abu and Ali would like to determine the stock burger bread they should they
D-Bites is a new burger stall in town. The owners, siblings, Abu and Ali would like to determine the stock burger bread they should they keep. Since burger bread would last only 7 days, any unsold burger must be discarded. Burger bread cost 30 cents each. Burger bread sold will yield a profit of RM1 each. D-Bites would like to determine whether they should stock 1200, 1800 or 2400 burgers bread. They believe that the demand for burgers each week could be 1200, 1800 or 2400 burgers with a probability of 0.5, 0.3 and 0.2 respectively. Calculate the EMV, EOL, and EVPI to determine what is the amount of burger bread should D-Bites stock each week
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