Markov Chains and Decision Analysis 3. The XY Manufacturing Company must decide whether to manufacture a component
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Markov Chains and Decision Analysis
3. The XY Manufacturing Company must decide whether to manufacture a component part at its plant or purchase the component part from a supplier. The resulting profit is dependent upon the demand for the product. The following payoff table shows the projected profit (in ten thousand of pesos):
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/6679462996166_8496679462984de2.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/66794629f1bf7_84966794629dc815.jpg)
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