Question: Consider the following table: Demand ( in units ) 1 5 1 6 1 7 1 8 1 9 2 0 2 1 2 2
Consider the following table:
Demand in units
Probability
Cost per unit:
Selling price per unit:
Scrap value per unit:
Handling cost of handling scrap:
What is the expected profit if the stock is units, considering the costs of understocking and overstocking?
which is correct
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