![]() The estimated cost of doing this is $16 per case. If its own supply of cases is less than the demand, it buys the necessary vegetables from a competitor. ![]() The probability that daily demand will be 100 cases is 0.3, the probability that the demand will be 200 cases is 0.4, and the probability that daily demand will be 300 cases is 0.3.ĪBC has a policy of always satisfying customer demands. If there are any cases not sold by the end of the day, they are sold to a large food processing company for $4 a case. Each case contains an assortment of vegetables and other farm products. ![]() ABC Farm, Inc., produces cases of perishable food products. Draw an appropriate picture to support your responses.Ģ-3. Conduct sensitivity analysis to help this person. Suppose that Desmond wants to make investment decision between bonds and stocks only. What is the maximum amount that should be paid for a perfect forecast of the economy?Ģ-2. What decision would maximize expected profit? The following payoff table gives the profits that would be realized during the next year for each of three investment alternatives being considered: ![]() Desmond Taylor is considering investing some money that he inherited. ![]()
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