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The revision Q:
Sales per week
10 20 30
probability
0.3 0.5 0.2
selling price
$20 pu
cost
$10pu
Any unsold unit will scrap for $1pu, the co can contract ourchase 10,20 or 30 unit each week.how many unit should contract for?
a. expected values b. maximax c. maximin d minmax regret
Anyone can do this question?
Have you worked through the example in the Course Notes (and the lecture that goes with it)? It is very similar.
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