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Week5 Saved Solve the newsvendor problem. Probability Value 0.11 0.10 2 0.31 3 0.21 4 0.11...
Solve the newsvendor problem. Probability 0.11 0.18 0.12 0.19 0.18 0.22 Value 1 2 3 4 5 6 Purchase cost c = 20 Selling price p = 30 Salvage value v = 12 What is the optimal order quantity? Optimal order quantity
Solve the newsvendor problem. Probability 0.11 0.11 0.19 0.22 0.11 0.26 Value 1 2 3 4 5 6 Purchase cost c = 25 Selling price p = 35 Salvage value v = 17
only a and b
pt 2 for reference
newsvendor model
3. The warehouse store in Problem #2 has a lot of market power. It has convinced its supplier to build a warehouse nearby and to provide vendor-managed-inventory (VMI) services - including delivery-- for free, with inventory being delivered on consignment. Under a vendor-managed inventory system, the warehouse store no longer sends orders to the supplier. Instead the supplier is responsible for managing the inventory according to some rules that are...
Confuse on how to solve these problem. Thank you
Part 2
Part 3
Saved Required information [The following information applies to the questions displayed below) Onslow Co. purchased a used machine for $178,000 cash on January 2. On January 3, Onslow paid $2,840 to wire electricity to the machine and an additional $1,160 to secure it in place. The machine will be used for six years and have a $14,000 salvage value. Straight-line depreciation is used. On December 31, at...
Match the following: 2. Adam Smith 3. Karl Marx 4. John Maynard Keynes Choices: (2 are not used.) a. invented capitalism b. invented socialism c. founder of modern macroeconomics d. founder of modern market economics e. predicted the end of capitalism 5. If a firm has trouble selling its good, it can a. lower price. b. increase demand. c. decrease supply. d. both a) and b) are correct. 6. People often pay too much for goods because they are not...