Question: These problems are based on the swimsuit example we covered in class. In this example, assume the manufacturer and retailer are different companies and each
These problems are based on the swimsuit example we covered in class. In this example, assume the manufacturer and retailer are different companies and each operates independently there isno collaboration at all. The retailer places an order with the manufacturer once a season andorders the number of swimsuits that maximize their expected profit. The manufacturer produces swimsuits to fill the order, delivering them before the retailers selling season starts. Theretailers historical data suggests seasonal demand is:
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