Question: Determine the profit maximizing order quantity for the bagel store. Recall that the cost of overage c0= 1, while cost of underage cu=3. Demand follows
Determine the profit maximizing order quantity for the bagel store. Recall that the cost of overage c0= 1, while cost of underage cu=3. Demand follows a uniform distribution between [0,300] (each value is equally likely). How many bagels should you order each day in order to maximize expected profits
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