Question: Solve the newsvendor problem. table [ [ Probability , 0 . 1 1 , 0 . 1 0 , 0 . 3 1 ,

Solve the newsvendor problem.
\table[[Probability,0.11,0.10,0.31,0.21,0.11,0.16],[Value,1,2,3,4,5,6]]
Purchase cost c=17
Selling price p=33
Salvage value v=10
What is the optimal order quantity?
Optimal order quantity
Solve the newsvendor problem. \table[[Probability,0.11,0.10,0.31,0.21,0.11,0.16],[Value,1,2,3,4,5,6]] Purchase cost c=17 Selling price p=33

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