Question: Develop the decision tree to evaluate a spot market decision for a period of three years from now. The data to be used while developing

Develop the decision tree to evaluate a spot

Develop the decision tree to evaluate a spot market decision for a period of three years from now. The data to be used while developing decision tree are follows Current demand: 100 units; Price: 10 rupees/units: Binomial uncertainty in demand for upward movement is 60% in next year and 70% in next to next year: Binomial uncertainty in cost for upward movement is 30% in next year and 50% in next to next year. [5]

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