Exercise for Uncertain Demand

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Question # 00048730 Posted By: lborges Updated on: 02/15/2015 09:14 AM Due on: 02/15/2015

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Question

In a given period demand for an item is equally likely to be any value between

100 and 199 units. Each unit of the item costs £75 and can be sold for £100. At

the end of the period all unsold stock is passed to a recycler who pays £25 a

unit. How many units would you buy for the period?

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score 3 · Accepted Answer · 02/16/2015 05:58 PM

Solution: Exercise for Uncertain Demand

Tutorial # 00046452 Posted By: lborges Posted on: 02/16/2015 05:58 PM

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