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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.
Functional and variations.Block III, Consider the functional S[y]=?_1^2 v(x^2+y'')dx , y(1)=0,y(2)=B Show that if ?=S[y+eg]-S[y], then to second order in e, ?=1/2 e?_1^2¦?g^'
While we first looked at mechanical vibrations we looked at a particular mass hanging on a spring with the possibility of both a damper or/and external force acting upon the mass.
How to solve Two-Step Equations? Two-step equations involve two math operations - one operation is addition or subtraction. The second operation is multiplication or division.
the function g is defined as g:x 7-4x find the number k such that kf(-8)=f- 3/2
what is the value of integration limit n-> infinity [n!/n to the power n]to the power 1/n Solution) limit n-->inf. [1 + (n!-n^n)/n^n]^1/n = e^ limit n-->inf. {(n!-n^n)
1. Let G = (V,E) be a graph for which all nodes have degree 5 and where G is 5-edge is connected. a) Show that the vector x which is indexed by the edges E and for which x e =
sir i want to ask u a question and that is if we simplify this what will be the answer.(9x-45z+6y-100z+5x)
Area with Parametric Equations In this section we will find out a formula for ascertaining the area under a parametric curve specified by the parametric equations, x = f (t)
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how i do project in linear programming in agriculture
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