Question: VES Question 2: D Page view A Read aloud Draw Highlight Erase lo IIM is a company that sells tablet computers to NCKU students. IM

VES Question 2: D Page view A Read aloud Draw

VES Question 2: D Page view A Read aloud Draw Highlight Erase lo IIM is a company that sells tablet computers to NCKU students. IM is equally likely to sell 200 or 400 tablets on each day. Each tablet is sold for $80. IIM orders tablets from a supplier every morning, and orders are delivered immediately. When IIM orders tablets from the supplier, IIM pays $5000 for order processing plus $50 for each tablet. (i.e. If IIM orders x tablets from the supplier, the total cost is 5000+50x). A holding cost of $10 per tablet is assessed against each unsold tablet at the end of a day. IM can store 400 tablets at most after each day. The number of tablets ordered by IIM must be a multiple of 100. IM has no inventory on hand at the beginning of this week. Assume that each unsold tablet has a value of $60 at the end of the third day. Determine an ordering policy that maximizes the expected profit earned during the first three days of this week. (profit=revenue-costs)

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