Question: Solve the newsvendor problem. Probability Value 0.22 0.28 0.10 0.12 0.24 1 2 3 4 5 Purchase cost c = 29 Selling price p =

Solve the newsvendor problem. Probability Value 0.22 0.28 0.10 0.12 0.24 1 2 3 4 5 Purchase cost c = 29 Selling price p = 40 Salvage value v= 17 What is the optimal order quantity? Optimal order quantity 0.04 6

Solve the newsvendor problem. Purchase cost c=29 Selling price p=40 Salvage value v=17 What is the optimal order quantity

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