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Bhasker operates a retail shop and sells the high priced "Hot Food" thermoware. Each unit I priced at Rs.250. Experience has shown that the weekly demand schedule for items is as follows :
Demand : 0 1 2 3 4 5 6 7
Probability: 0.082 0.205 0.214 0.184 0.134 0.097 0.058 0.026
Bhasker can get the product on weekly basis from the wholesaler. He must order a fixed quantity a week in advance and any unsold unit have to be returned at the end of the week. The cost of the unit is Rs.150 and Rs.50 is charged for the unit returned, Create a pay-off table and suggest the best strategy for Bhasker. What are the EVPI and EMV for this situation ?
In an orthogonal cutting process, following data were taken. Chip length of 80mm was obtained with an uncut chip length of 200mm and the rake angle used was20 degrees and depth of
what do you understand by dynamically equivalent mass system
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Tell me the type of furnace and their principle
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