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For this assignment you are solving the pork chop dinner problem Pork chop dinners cost $6.00/unit from wholesaler Dinners sell for $10.00/unit at church benefit
For this assignment you are solving the "pork chop dinner" problem Pork chop dinners cost $6.00/unit from wholesaler Dinners sell for $10.00/unit at church benefit dinner Unused dinners are donated to local homeless shelter (no salvage value or disposal cost) Demand is uncertain, past experience suggests following probability distribution: d = 100 200 .10 300 .35 P(D = d) Construct the decision table, compute the expected values, and find the order quantity that maximizes expected valu of profit from the sale. 400 .25 500 .20 .10
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