Question: Solve the newsvendor problem. table [ [ Probability , 0 . 1 6 , 0 . 0 9 , 0 . 1 6 ,

Solve the newsvendor problem.
\table[[Probability,0.16,0.09,0.16,0.22,0.26,0.11],[Value,1,2,3,4,5,6]]
Purchase cost c=16
Selling price p=50
Salvage value v=11
What is the optimal order quantity?
Optimal order quantity
 Solve the newsvendor problem. \table[[Probability,0.16,0.09,0.16,0.22,0.26,0.11],[Value,1,2,3,4,5,6]] Purchase cost c=16 Selling price p=50

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