Daily demands for loaves of bread at a grocery store are specified by the following probability distribution:

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The store buys a loaf for 55 cents and sells it for $1.20 each. Any unsold loaves at the end of the day are disposed of at 25 cents each. Assume that the stock level is restricted to one of the demand levels specified for p_n.

(a) Develop the associated decision tree.

(b) How many loaves should be stocked daily?

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Operations Research An Introduction

ISBN: 9780137625727

11th Edition

Authors: Hamdy A. Taha

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Question Posted: Mar 06, 2023 05:51 AM

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Daily demands for loaves of bread at a grocery store are specified by the following probability distribution:

Question:

n Pn 100 150 200 .20 .25 .30 250 .15 300 .10

Step by Step Answer:

ab Demand income Q order size nbr of loaves Optimal ...View the full answer

Operations Research An Introduction

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