Question: An order for 1 8 custom - designed castings has been received. The casting process costs $ 1 5 0 0 per unit scheduled. If

An order for 18 custom-designed castings has been received. The casting process costs $1500 per unit scheduled. If a casting is not sold it has a recycle value of $200. The customer has indicated a willingness of to pay $3000 per casting for acceptable castingno more no less!
If number of good casts is less than 18 then the customer does not accept
For only one casting if we have the 10% chance probability of having defective
How many casting should be scheduled for production in order to maximize expected profit?
Discuss how would your solution be affected if other decision criteria applied. the other
Submit Your Solution and Excel File
An order for 18 custom-designed castings has been received. The casting

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