Question: Problem 11-6 (Algo) Solve the newsvendor problem. Probability Value 0.24 1 0.14 2 0.10 3 0.23 4 0.13 5 0.16 6 Purchase cost c= 37

Problem 11-6 (Algo) Solve the newsvendor problem.

Problem 11-6 (Algo) Solve the newsvendor problem. Probability Value 0.24 1 0.14 2 0.10 3 0.23 4 0.13 5 0.16 6 Purchase cost c= 37 Selling price p = 45 Salvage value v= 20 What is the optimal order quantity? Optimal order quantity

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