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2023Simulation Inventory (題目)
2023Simulation Inventory (題目)
2023Simulation Inventory (題目)
The cost to place an order to the distributor is $24 and the annual
hold a filter in stock is $5. The average demand per week for the filters is 30 units with a standard deviation o
units, and the store operates 50 weeks per year. The weekly demand for filters has the probability distribution
shown on the left below. The delivery lead time from the distributor is uncertain and has the probability distrib
shown on the right below. Suppose Zeke wants to use a P system with EOQ in the Q system and a cycle-ser
level of 95 percent. What is the appropriate value for T and the associated annual cost of the system? (Calcu
and Safety Stock by using the maximum probability Lead Time.)
T= 346.5
vg. Demand During Protection Interval = 325
The Safety Stock = 22
C= $ 709.40
60 100.0%
100.0%
50
80.0%
73.7%
40
60.0%
30 58
40.0%
20
25 20.0%
10
1112.6%
0 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 1 1.1% 0.0%
1 2 3 4 5 6 7 8 9 10 11
0.4546 0.6676 0.2889 0.7563 0.0390 0.2856 0.6219 0.3055 0.1988 0.5555
0.5887 0.8016 0.4543 0.0575 0.9058 0.5371 0.3275 0.1665 0.0904 0.0500
0.4400 0.7393 0.9970 0.4795 0.5635 0.1634 0.5861 0.7910 0.7304 0.5943
0.2124 0.7754 0.6831 0.9681 0.8251 0.7841 0.9388 0.3466 0.4553 0.7018
0.4494 0.8881 0.8209 0.3586 0.1237 0.8953 0.5789 0.1990 0.0623 0.1153
0.3783 0.9586 0.7674 0.1149 0.2679 0.0087 0.7580 0.9502 0.9607 0.8613
0.5511 0.5606 0.1197 0.7513 0.5784 0.7184 0.7346 0.0420 0.9527 0.6788
0.4185 0.2457 0.1018 0.9775 0.5496 0.2633 0.7021 0.1242 0.7951 0.3479
0.7972 0.1413 0.1994 0.8873 0.5206 0.8997 0.4163 0.9076 0.9927 0.3454
0.7846 0.5466 0.3917 0.1603 0.6182 0.8927 0.1450 0.4701 0.5723 0.2125
0.0729 0.9500 0.8373 0.2894 0.2452 0.0008 0.7803 0.8427 0.4355 0.5759
0.3627 0.7513 0.6869 0.6673 0.7367 0.0186 0.9351 0.1752 0.9295 0.8052
0.5749 0.4206 0.7873 0.2962 0.2903 0.9742 0.4769 0.9606 0.0758 0.8942
0.8643 0.2997 0.5566 0.3504 0.2237 0.1253 0.8043 0.5024 0.3971 0.1648
0.9394 0.4048 0.4006 0.9421 0.9471 0.8438 0.7589 0.4136 0.9270 0.7389
0.7021 0.1613 0.2634 0.9468 0.2280 0.8203 0.3504 0.1226 0.1188 0.3531
0.8605 0.0156 0.9374 0.1082 0.0597 0.2682 0.4064 0.3959 0.1680 0.6397
0.0369 0.8875 0.1860 0.1861 0.5510 0.2664 0.3908 0.4250 0.3889 0.1481
0.0841 0.8921 0.7483 0.3557 0.1056 0.0345 0.7636 0.2117 0.4229 0.5166
0.8270 0.9191 0.3864 0.9564 0.6066 0.3986 0.1768 0.8000 0.8611 0.2091
0.7093 0.6899 0.5744 0.0081 0.1925 0.1594 0.5381 0.4853 0.6847 0.6224
0.2080 0.1744 0.5536 0.9385 0.7539 0.6089 0.7656 0.7039 0.3212 0.0070
0.2011 0.2235 0.2140 0.5394 0.4218 0.2028 0.9666 0.1058 0.2407 0.7100
0.4906 0.9585 0.1184 0.3876 0.9356 0.9932 0.9462 0.0052 0.2036 0.6439
0.8071 0.5299 0.7482 0.3292 0.6300 0.7596 0.8810 0.4583 0.7426 0.9506
0.9960 0.9916 0.4096 0.6450 0.2371 0.0988 0.3580 0.8167 0.8318 0.7292
0.3896 0.6809 0.2687 0.3734 0.7036 0.2670 0.3966 0.7303 0.8622 0.9629
0.7432 0.6098 0.0256 0.2130 0.7553 0.9146 0.0039 0.4541 0.2186 0.5307
0.6252 0.0392 0.6928 0.0587 0.8864 0.9227 0.9197 0.7143 0.9068 0.1297
0.6824 0.3220 0.4631 0.2643 0.1162 0.3013 0.4386 0.8761 0.8877 0.4264
0.9435 0.0471 0.3114 0.2767 0.1421 0.0809 0.9819 0.7710 0.9256 0.6641
0.6347 0.3682 0.7615 0.5503 0.4998 0.8876 0.6913 0.7578 0.5190 0.3503
0.1961 0.8307 0.0965 0.4282 0.8435 0.7334 0.4977 0.9438 0.6111 0.7106
0.3738 0.7888 0.0760 0.6040 0.3048 0.7661 0.3089 0.0557 0.8437 0.4993
0.6004 0.1051 0.6813 0.4706 0.0718 0.9704 0.4092 0.2774 0.8903 0.4168
0.9603 0.0445 0.4783 0.0525 0.3464 0.2192 0.8718 0.1921 0.5513 0.2192
0.7500 0.7337 0.3001 0.6233 0.8304 0.4213 0.1823 0.7880 0.7172 0.9206
0.1704 0.3573 0.2619 0.8156 0.4543 0.6162 0.5009 0.4613 0.7974 0.5037
0.1345 0.1007 0.9330 0.3846 0.9726 0.6439 0.1275 0.3568 0.0938 0.1787
0.6010 0.2571 0.9439 0.3578 0.6506 0.6449 0.6349 0.7651 0.1984 0.3804
0.8879 0.0902 0.7371 0.2691 0.6913 0.6773 0.2647 0.8843 0.6566 0.3110
0.6263 0.6205 0.8022 0.0016 0.3529 0.9997 0.1130 0.5579 0.5521 0.3079
0.5585 0.0955 0.3076 0.3608 0.5986 0.6251 0.6369 0.8351 0.8658 0.5632
0.1314 0.4220 0.9518 0.9823 0.8929 0.7812 0.0457 0.9880 0.2764 0.7744
0.4738 0.6641 0.7754 0.7339 0.1915 0.0761 0.2932 0.9842 0.8751 0.5551
0.4141 0.8965 0.2394 0.0585 0.7558 0.2737 0.8293 0.0248 0.3766 0.8913
0.7370 0.2239 0.3107 0.4854 0.1675 0.7056 0.5129 0.9570 0.2647 0.1419
Simulation (Demand per period in protectio
Period6 Period7 Period8 Period9 Period10 Period11 Period12 Total during protection interval
22 30 32 22 32 22 26 322
32 32 36 22 30 30 22 348
18 26 36 18 32 30 30 324
26 22 32 18 36 36 22 316
30 22 30 26 30 22 26 322
26 18 26 32 22 30 18 312
22 30 30 18 30 26 26 334
26 26 32 32 22 26 30 344
18 30 26 30 30 30 32 328
26 36 18 32 36 18 22 320
30 26 30 30 22 22 32 320
18 18 18 30 22 26 18 270
30 36 30 22 22 30 22 326
26 18 30 18 36 36 18 324
36 30 30 36 30 22 26 364
18 36 32 30 26 30 30 334
18 22 30 22 18 18 36 288
22 30 30 26 30 22 22 300
22 30 30 30 30 26 30 330
30 36 30 36 36 30 36 362
22 30 30 26 22 22 26 322
26 22 18 30 30 22 30 296
32 22 30 30 22 26 22 320
32 26 32 22 26 30 26 332
36 36 22 30 22 26 30 320
26 18 30 18 36 22 26 308
26 18 26 22 32 30 30 328
22 32 32 30 30 26 32 340
30 22 30 36 22 22 18 310
18 30 26 32 36 22 22 308
30 26 18 22 30 22 18 284
30 36 26 18 22 18 26 320
22 26 18 22 26 32 30 306
26 22 22 26 30 32 30 332
26 36 18 36 26 22 30 316
18 30 18 32 22 22 26 304
26 18 30 30 18 30 22 330
36 26 26 30 30 22 26 338
30 26 36 22 22 30 32 322
22 32 30 22 30 32 32 342
30 30 22 22 22 32 22 308
32 26 30 32 30 30 22 330
30 30 32 32 22 30 18 330
22 30 22 26 22 32 30 310
22 18 30 26 22 30 26 326
22 30 36 30 30 22 22 334
30 30 32 30 30 30 22 340
30 36 18 30 32 36 30 366
18 30 32 30 30 18 32 308
18 22 26 26 18 36 30 312
30 18 22 26 30 30 18 302
36 18 30 22 22 32 30 326
22 22 32 30 22 30 18 306
30 18 22 30 22 22 30 300
18 36 30 22 22 18 18 296
26 30 22 30 30 30 30 342
36 32 30 36 22 26 30 362
26 22 32 30 22 18 22 328
22 22 18 30 36 36 32 336
30 30 30 30 18 36 30 350
36 30 22 30 22 30 22 324
32 30 32 26 36 36 22 338
22 30 32 22 26 30 22 342
22 22 18 30 32 26 30 314
30 30 18 36 22 36 32 358
22 22 36 26 36 18 32 338
26 22 22 32 30 26 22 326
36 36 32 30 26 36 30 366
36 22 32 26 22 22 26 312
22 18 22 26 26 22 30 296
22 30 22 26 26 26 22 308
26 22 18 30 22 26 30 320
36 30 26 22 30 32 22 354
18 22 22 30 26 30 30 328
36 30 30 30 30 22 18 318
30 26 22 36 22 22 30 310
26 36 36 36 18 22 30 340
22 30 30 32 26 30 36 334
30 22 18 26 32 32 30 344
26 30 22 26 30 32 36 328
22 30 36 18 26 22 30 316
18 32 36 36 30 36 22 338
22 22 22 26 32 32 26 312
22 22 18 36 30 36 30 326
30 26 32 30 30 30 26 344
26 32 30 26 36 30 30 326
30 22 30 22 18 32 26 310
26 18 36 26 22 32 26 322
18 22 22 32 22 30 22 308
30 32 26 22 30 30 36 336
32 26 30 30 26 30 30 318
26 36 30 22 26 18 22 312
26 30 30 30 30 22 26 334
22 30 30 22 32 30 22 324
18 26 36 22 30 30 22 328
26 30 30 30 32 32 30 324
36 32 30 18 36 22 30 332
30 22 18 22 36 32 30 334
18 30 22 32 18 26 32 316
26 22 30 30 36 22 22 326
Average Demand During Protection Interval = 325
Zeke’s Hardware Store sells furnace filters. The cost to place an order to the distributor is $24 and the annual
filter in stock is $5. The average demand per week for the filters is 30 units, and the store operates 50 weeks p
weekly demand for filters has the probability distribution shown on the left below. The delivery lead time from
distributor is uncertain and has the probability distribution shown on the right below. Suppose Zeke wants to u
system for the filters. Initial inventory is 200 units. If the stockout cost is $7 per unit, what is the expected co
using the Q system?
Lower Range
Demand Probability
Probability mean (Di-D bar)^2
18 0.1 0 1.8 81
22 0.25 0.1 5.5 25
26 0.15 0.35 3.9 1
30 0.3 0.5 9 9
32 0.1 0.8 3.2 25
36 0.1 0.9 3.6 81
27
Lower Range
Lead Time(wks) Probability
Probability mean (Li-L bar)^2
1 0.1 0 0.1 6.0025
2 0.15 0.1 0.3 2.1025
3 0.3 0.25 0.9 0.2025
4 0.2 0.55 0.8 0.3025
5 0.15 0.75 0.75 2.4025
6 0.1 0.9 0.6 6.5025
3.45
safety stock reorder point
70.5336792054 65.563878687 163.68367921 158.7139
Random Numbers (Dema
he distributor is $24 and the annual cost to hold a Lower Range
Lead Time(LT) R No.
ts, and the store operates 50 weeks per year. The Probability
ft below. The delivery lead time from the 0 1 1
ight below. Suppose Zeke wants to use a Q 0.1 2 2
$7 per unit, what is the expected cost per week of 0.25 3 3
0.55 4 4
0.75 5 5
0.9 6 6
Lower Range 7
Probability
Probability Lower Range 8
Weekly Demand
0.1 0 Probability 9
0.15 0.1 0 18 10
0.3 0.25 0.1 22 11
0.2 0.55 0.35 26 12
0.15 0.75 0.5 30 13
0.1 0.9 0.8 32 14
0.9 36 15
16
17
18
Expected cost = $342.34
units 19
20
units 21
22
23
24
25
σd^2 26
0 8.1 100.25 28 27
2.5 6.25 28
0.35 0.15 29
4.5 2.7 30
20 2.5 31
72.9 8.1 32
33
34
35
σL^2 36
0.60025 2.0475 37
0.315375 38
0.06075 39
0.0605 40
0.360375 41
0.65025 42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
Random Numbers (Demand and Lead Time) Simulat
Beginning Simulated Ending Stockout
Demand Lead Time Week
Inventory Demand Inventory Units
0.9133 0.9314 1 200 36 164 0
0.5599 0.6879 2 164 30 134 0
0.2365 0.4294 3 134 22 112 0
0.3119 0.2307 4 112 22 90 0
0.1732 0.7426 5 90 22 68 0
0.5227 0.3119 6 68 30 38 0
0.1497 0.0049 7 38 22 16 0
0.4850 0.9092 8 136 26 110 0
0.2707 0.4801 9 110 22 88 0
0.5937 0.5124 10 88 30 58 0
0.5575 0.8052 11 58 30 28 0
0.0792 0.1578 12 28 18 10 0
0.9361 0.0922 13 10 36 0 26
0.9299 0.1207 14 120 36 84 0
0.7314 0.3962 15 84 30 54 0
0.1152 0.1469 16 54 22 32 0
0.7139 0.7534 17 32 30 2 0
0.9370 0.6654 18 2 36 0 34
0.2676 0.2595 19 0 22 0 22
0.7292 0.0636 20 0 30 0 30
0.5680 0.1242 21 120 30 90 0
0.2521 0.1978 22 90 22 68 0
0.2705 0.7904 23 68 22 46 0
0.6774 0.5379 24 46 30 16 0
0.5003 0.1563 25 16 30 0 14
0.6630 0.0428 26 0 30 0 30
0.9112 0.6644 27 120 36 84 0
0.3726 0.6304 28 84 26 58 0
0.5834 0.3830 29 58 30 28 0
0.7007 0.3357 30 28 30 0 2
0.1464 0.8511 31 0 22 0 22
0.2238 0.5275 32 0 22 0 22
0.5711 0.3419 33 0 30 0 30
0.4944 0.7555 34 0 26 0 26
0.1263 0.3354 35 0 22 0 22
0.2697 0.0434 36 0 22 0 22
0.4146 0.9366 37 120 26 94 0
0.0484 0.8122 38 94 18 76 0
0.5533 0.7496 39 76 30 46 0
0.5874 0.8217 40 46 30 16 0
0.3406 0.4794 41 16 22 0 6
0.9108 0.0098 42 0 36 0 36
0.3330 0.7931 43 120 22 98 0
0.5647 0.9275 44 98 30 68 0
0.7563 0.5347 45 68 30 38 0
0.0778 0.4001 46 38 18 20 0
0.0784 0.9758 47 20 18 2 0
0.6453 0.2873 48 2 30 0 28
0.7866 0.2558 49 0 30 0 30
0.9313 0.9597 50 0 36 0 36
0.2427 0.5384 51 0 22 0 22
0.1721 0.2555 52 0 22 0 22
0.3779 0.4900 53 0 26 0 26
0.0795 0.6698 54 0 18 0 18
0.8524 0.5304 55 0 32 0 32
0.1238 0.6828 56 0 22 0 22
0.2334 0.6655 57 0 22 0 22
0.1447 0.1833 58 0 22 0 22
0.8302 0.8786 59 0 32 0 32
0.6508 0.4782 60 0 30 0 30
0.0849 0.5419 61 0 18 0 18
0.7285 0.6550 62 0 30 0 30
0.8755 0.0598 63 0 32 0 32
0.4869 0.9258 64 120 26 94 0
0.4051 0.0627 65 94 26 68 0
0.1296 0.8172 66 188 22 166 0
0.5115 0.6416 67 166 30 136 0
0.2532 0.3834 68 136 22 114 0
0.8464 0.0147 69 114 32 82 0
0.2408 0.9437 70 202 22 180 0
0.5355 0.6371 71 180 30 150 0
0.8944 0.6785 72 150 32 118 0
0.9648 0.0039 73 118 36 82 0
0.9863 0.8997 74 202 36 166 0
0.2973 0.7859 75 166 22 144 0
0.4025 0.9236 76 144 26 118 0
0.4565 0.1638 77 118 26 92 0
0.6644 0.2425 78 92 30 62 0
0.7061 0.3063 79 62 30 32 0
0.8998 0.4359 80 32 32 0 0
0.0509 0.8686 81 0 18 0 18
0.3985 0.3222 82 0 26 0 26
0.6949 0.9974 83 0 30 0 30
0.4902 0.5405 84 0 26 0 26
0.1042 0.6519 85 0 22 0 22
0.8162 0.0891 86 0 32 0 32
0.3352 0.1725 87 120 22 98 0
0.3577 0.9507 88 98 26 72 0
0.9294 0.8596 89 72 36 36 0
0.1383 0.4571 90 36 22 14 0
0.4840 0.6715 91 14 26 0 12
0.8305 0.9920 92 0 32 0 32
0.9231 0.7118 93 0 36 0 36
0.4106 0.2132 94 0 26 0 26
0.9966 0.4821 95 0 36 0 36
0.8894 0.4870 96 0 32 0 32
0.0632 0.5972 97 0 18 0 18
0.5276 0.7209 98 0 30 0 30
0.2756 0.9306 99 0 22 0 22
0.3789 0.7158 100 0 26 0 26
Averages 54.80 27.10 39.60 11.90
Simulation Result
Days to
Place Simulated Holding Ordering Stockout
Receive Total Cost
Order? Lead Time Cost Cost Cost
Order
No - - $ 910 $ - $ - $ 910
Yes 4.00 4.00 $ 745 $ 24 $ - $ 769
Yes 3.00 3.00 $ 615 $ 24 $ - $ 639
Yes 2.00 2.00 $ 505 $ 24 $ - $ 529
Yes 4.00 4.00 $ 395 $ 24 $ - $ 419
Yes 3.00 3.00 $ 265 $ 24 $ - $ 289
Yes 1.00 1.00 $ 135 $ 24 $ - $ 159
Yes 6.00 6.00 $ 615 $ 24 $ - $ 639
Yes 3.00 3.00 $ 495 $ 24 $ - $ 519
Yes 3.00 3.00 $ 365 $ 24 $ - $ 389
Yes 5.00 5.00 $ 215 $ 24 $ - $ 239
Yes 2.00 2.00 $ 95 $ 24 $ - $ 119
Yes 1.00 1.00 $ 25 $ 24 $ 182 $ 231
Yes 2.00 2.00 $ 510 $ 24 $ - $ 534
Yes 3.00 3.00 $ 345 $ 24 $ - $ 369
Yes 2.00 2.00 $ 215 $ 24 $ - $ 239
Yes 5.00 5.00 $ 85 $ 24 $ - $ 109
Yes 4.00 4.00 $ 5 $ 24 $ 238 $ 267
Yes 3.00 3.00 $ - $ 24 $ 154 $ 178
Yes 1.00 1.00 $ - $ 24 $ 210 $ 234
Yes 2.00 2.00 $ 525 $ 24 $ - $ 549
Yes 2.00 2.00 $ 395 $ 24 $ - $ 419
Yes 5.00 5.00 $ 285 $ 24 $ - $ 309
Yes 3.00 3.00 $ 155 $ 24 $ - $ 179
Yes 2.00 2.00 $ 40 $ 24 $ 98 $ 162
Yes 1.00 1.00 $ - $ 24 $ 210 $ 234
Yes 4.00 4.00 $ 510 $ 24 $ - $ 534
Yes 4.00 4.00 $ 355 $ 24 $ - $ 379
Yes 3.00 3.00 $ 215 $ 24 $ - $ 239
Yes 3.00 3.00 $ 70 $ 24 $ 14 $ 108
Yes 5.00 5.00 $ - $ 24 $ 154 $ 178
Yes 3.00 3.00 $ - $ 24 $ 154 $ 178
Yes 3.00 3.00 $ - $ 24 $ 210 $ 234
Yes 5.00 5.00 $ - $ 24 $ 182 $ 206
Yes 3.00 3.00 $ - $ 24 $ 154 $ 178
Yes 1.00 1.00 $ - $ 24 $ 154 $ 178
Yes 6.00 6.00 $ 535 $ 24 $ - $ 559
Yes 5.00 5.00 $ 425 $ 24 $ - $ 449
Yes 4.00 4.00 $ 305 $ 24 $ - $ 329
Yes 5.00 5.00 $ 155 $ 24 $ - $ 179
Yes 3.00 3.00 $ 40 $ 24 $ 42 $ 106
Yes 1.00 1.00 $ - $ 24 $ 252 $ 276
Yes 5.00 5.00 $ 545 $ 24 $ - $ 569
Yes 6.00 6.00 $ 415 $ 24 $ - $ 439
Yes 3.00 3.00 $ 265 $ 24 $ - $ 289
Yes 3.00 3.00 $ 145 $ 24 $ - $ 169
Yes 6.00 6.00 $ 55 $ 24 $ - $ 79
Yes 3.00 3.00 $ 5 $ 24 $ 196 $ 225
Yes 3.00 3.00 $ - $ 24 $ 210 $ 234
Yes 6.00 6.00 $ - $ 24 $ 252 $ 276
Yes 3.00 3.00 $ - $ 24 $ 154 $ 178
Yes 3.00 3.00 $ - $ 24 $ 154 $ 178
Yes 3.00 3.00 $ - $ 24 $ 182 $ 206
Yes 4.00 4.00 $ - $ 24 $ 126 $ 150
Yes 3.00 3.00 $ - $ 24 $ 224 $ 248
Yes 4.00 4.00 $ - $ 24 $ 154 $ 178
Yes 4.00 4.00 $ - $ 24 $ 154 $ 178
Yes 2.00 2.00 $ - $ 24 $ 154 $ 178
Yes 5.00 5.00 $ - $ 24 $ 224 $ 248
Yes 3.00 3.00 $ - $ 24 $ 210 $ 234
Yes 3.00 3.00 $ - $ 24 $ 126 $ 150
Yes 4.00 4.00 $ - $ 24 $ 210 $ 234
Yes 1.00 1.00 $ - $ 24 $ 224 $ 248
Yes 6.00 6.00 $ 535 $ 24 $ - $ 559
Yes 1.00 1.00 $ 405 $ 24 $ - $ 429
No - - $ 885 $ - $ - $ 885
Yes 4.00 4.00 $ 755 $ 24 $ - $ 779
Yes 3.00 3.00 $ 625 $ 24 $ - $ 649
Yes 1.00 1.00 $ 490 $ 24 $ - $ 514
No - - $ 955 $ - $ - $ 955
Yes 4.00 4.00 $ 825 $ 24 $ - $ 849
Yes 4.00 4.00 $ 670 $ 24 $ - $ 694
Yes 1.00 1.00 $ 500 $ 24 $ - $ 524
No - - $ 920 $ - $ - $ 920
Yes 5.00 5.00 $ 775 $ 24 $ - $ 799
Yes 6.00 6.00 $ 655 $ 24 $ - $ 679
Yes 2.00 2.00 $ 525 $ 24 $ - $ 549
Yes 2.00 2.00 $ 385 $ 24 $ - $ 409
Yes 3.00 3.00 $ 235 $ 24 $ - $ 259
Yes 3.00 3.00 $ 80 $ 24 $ - $ 104
Yes 5.00 5.00 $ - $ 24 $ 126 $ 150
Yes 3.00 3.00 $ - $ 24 $ 182 $ 206
Yes 6.00 6.00 $ - $ 24 $ 210 $ 234
Yes 3.00 3.00 $ - $ 24 $ 182 $ 206
Yes 4.00 4.00 $ - $ 24 $ 154 $ 178
Yes 1.00 1.00 $ - $ 24 $ 224 $ 248
Yes 2.00 2.00 $ 545 $ 24 $ - $ 569
Yes 6.00 6.00 $ 425 $ 24 $ - $ 449
Yes 5.00 5.00 $ 270 $ 24 $ - $ 294
Yes 3.00 3.00 $ 125 $ 24 $ - $ 149
Yes 4.00 4.00 $ 35 $ 24 $ 84 $ 143
Yes 6.00 6.00 $ - $ 24 $ 224 $ 248
Yes 4.00 4.00 $ - $ 24 $ 252 $ 276
Yes 2.00 2.00 $ - $ 24 $ 182 $ 206
Yes 3.00 3.00 $ - $ 24 $ 252 $ 276
Yes 3.00 3.00 $ - $ 24 $ 224 $ 248
Yes 4.00 4.00 $ - $ 24 $ 126 $ 150
Yes 4.00 4.00 $ - $ 24 $ 210 $ 234
Yes 6.00 6.00 $ - $ 24 $ 154 $ 178
Yes 4.00 4 $ - $ 24 $ 182 $ 206
3.44 3.44 236.00 23.04 83.30 342.34
A newsboy can earn $12 by selling a newspaper, but he may lose $8 if
he orders more newspapers than needed: determine the optimal order Lower
quantity given the following information (uncertain demand) Range
Probability
0
Lower Range 0.1
Demand Probability
Probability 0.35
38 0.1 0 0.45
45 0.25 0.1 0.75
52 0.1 0.35 0.9
59 0.3 0.45
62 0.15 0.75
66 0.1 0.9