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Problem 20-6 (Algo) Solve the newsperson problem. Probability 0.17 0.20 0.12 0.19 0.18 0.14 Value 1 2 3 4 5 6 Purchase cost c =
Problem 20-6 (Algo)
Solve the newsperson problem.
| Probability | 0.17 | 0.20 | 0.12 | 0.19 | 0.18 | 0.14 |
| Value | 1 | 2 | 3 | 4 | 5 | 6 |
| Purchase cost c | = | 23 |
| Selling price p | = | 50 |
| Salvage value v | = | 17 |
What is the optimal order quantity?
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Spreadsheet Modeling And Decision Analysis A Practical Introduction To Business Analytics
Authors: Cliff T. Ragsdale
8th Edition
130594741X, 978-1337517317, 1337517313, 978-1305947412
