Question: Solve the newsvendor problem. table [ [ Probability , 0 . 1 1 , 0 . 0 8 , 0 . 2 2 ,

Solve the newsvendor problem.
\table[[Probability,0.11,0.08,0.22,0.26,0.12,0.21],[Value,1,2,3,4,5,6]]
Purchase cost c=27
Selling price p=35
Salvage value v=15
What is the optimal order quantity?
Optimal order quantity
Solve the newsvendor problem. \table[[Probability,0.11,0.08,0.22,0.26,0.12,0.21],[Value,1,2,3,4,5,6]] Purchase cost c=27 Selling price p=35

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