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A department store faces a decision for a seasonal product for which demand can be high, medium or low. The purchaser can order 1, 2 or 3 lots of this product before the season begins but cannot reorder later. Profit projections (in thousands of euro) are shown below
1. If the probabilities are 0.3 for high, 0.3 for medium and 0.4 for low, what is the recommended order quantity? Calculate the expected return based on these values.
2. Simulate twenty seasons and identify the recommended order quantity from this simulation.
3. Calculate the average return based on the simulated demand and compare your result with the expected return.
5289441+4684612131
Formulas of Surface Area - Applications of integrals S = ∫ 2Πyds rotation about x-axis S = ∫ 2Πxds rotation about y-axis Where, ds = √ 1 + (1+ (dy /
how can i solve it
sin(xy)+x=5y Find the derivative.
how will you explain the listing method?
Reduction -when the original amount and the balance or remainder are known, to find the part that has been given away. (e.g., there were 15 toffees in a container, and there are
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Our objective is solve the following fourth-order BVP: (a(x)u'' )'' = f (x) u(0) = u(1)=0 u(0)' = u(1)'=0 (a) Give the variational formulation of the above BVP. (b) Describe the
The centre of a circle is (2x - 1, 3x + 1).Find x if the circle passes through (-3,-1) and the length of the diameter is 20 units.
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