Question: V. Newsvendor Replenishment under Uncertain Demand - Chapter 12 (Max 30 points): LCB Enterprises sells boxes of chocolates to be used as gifts at graduation.

V. Newsvendor Replenishment under Uncertain

V. Newsvendor Replenishment under Uncertain Demand - Chapter 12 (Max 30 points): LCB Enterprises sells boxes of chocolates to be used as gifts at graduation. Each box sells for $14.99 and costs $3.99 to produce. Any chocolates left over after graduation are discounted and sold individually for 25 cents each (each box contains 12 chocolates). LCB Enterprises spends about 13 cents per individual chocolate in labor and materials to repackage the chocolates individually. Assume that LCB Enterprises will only stock in batches of 100 boxes. The distribution of demand with possible demand values and their probability is given below, where the CDF Probability = Prob(Uncertain Demand

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