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Mr. X must decide how many homemade pizzas to make each morning. From past experience, he knows that the daily demand for pizzas range from
Mr. X must decide how many homemade pizzas to make each morning. From past experience, he knows that the daily demand for pizzas range from 0 to 3. If each pizza costs Rs 300 to produce and sells for Rs. 800 and if any unsold pizzas are thrown into the garbage at the end of the day. The probabilities associated with each of the pizza demands are 0.05, 0.30, 0.55 and 0.10 respectively. Help Mr. X in making a decision for how many pizzas to make every morning.
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