Question: Solve the newsvendor problem. 0.21 Probability Value 0.11 1 0.08 2 0.22 3 3 0.26 4 0.12 5 UN Purchase cost c= 27 Selling price

Solve the newsvendor problem. 0.21 Probability

Solve the newsvendor problem. 0.21 Probability Value 0.11 1 0.08 2 0.22 3 3 0.26 4 0.12 5 UN Purchase cost c= 27 Selling price p=35 Salvage value v= 15 What is the optimal order quantity? Optimal order quantity 5

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