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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.
Sales price of a compact disc player is $200, each new cd is on sale for $12. kyle purchases a player and some cds for $224. how many cds were purchased?
.755 convert to a percent
theory about solving sequencing problem using graphical method
2
Applications of Integrals In this part we're going to come across at some of the applications of integration. It should be noted also that these kinds of applications are illu
Suppose S = {vi} and T = {ti} are "easy" sets of knapsak weight. Also, P and q are primes p > ?Si and q > ?ti. We can combine S and T into a signle set of knapsack weight as follow
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E1) I have a three-year-old friend. He has a lot of toy cars to play with. Playing with him once, I divided the cars into two sets. One set was more spread out and had 14 cars in i
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