A TV dealer finds that the cost of holding a TV in stock for a week is

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A TV dealer finds that the cost of holding a TV in stock for a week is Rs 30 and the cost of unit shortage is Rs 70. For a particular model of TV, the probability distribution is as follows:

How many units per week should the dealer order?

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Quantitative Techniques In Management

ISBN: 99835

4th Edition

Authors: N D VOHRA

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Question Posted: Aug 30, 2024 07:02 AM

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A TV dealer finds that the cost of holding a TV in stock for a week is

Question:

Weekly Sales 0 1 2 3 4 5 6 Probability 0.05 0.10 0.20 0.25 0.20 0.15 0.05

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Quantitative Techniques In Management

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