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Find a rule for the number of items that should be stocked

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Reference no: EM131731536

Question: This is a simplified inventory problem. Suppose that it costs c dollars to stock an item and that the item sells for s dollars. Suppose that the number of items that will be asked for by customers is a random variable with the frequency function p(k). Find a rule for the number of items that should be stocked in order to maximize the expected income.

Reference no: EM131731536

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