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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.
Use the simplex method to solve the following LP Problem. Max Z = 107x1+x2+2x3 Subject to 14x1+x2-6x3+3x4=7 16x1+x2-6x3 3x1-x2-x3 x1,x2,x3,x4 >=0
Explain Identifying Conic Sections The graph of a quadratic equation in the variables x and y, like this one, x 2 + 3y 2 + 6y = -4, is a conic sections. There are three kind
explanation
If coefficients of the equation ax 2 + bx + c = 0, a ¹ 0 are real and roots of the equation are non-real complex and a + c (A) 4a + c > 2b (B) 4a + c Please give t
a muffin recipe calls for three forth of a cup of sugar and one eight of a cup of butter. travis accidentally put in one whole cup of butter. how much sugar does travis need to put
Marty used the subsequent mathematical statement to show he could change an expression and still get the similar answer on both sides: 10 × (6 × 5) = (10 × 6) × 5 Which mathematica
The sum of the square of a number and 12 times the number is -27. What is the smaller probable value of this number? Let x = the number. The statement that is "The sum of the
Explain sparse matrix and Dense matrix?
how many words can be formed from letters of word daughter such that word contain 2vowles and 3consonant
How to solve this: log x(81) = 4
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