General statistics are assessed
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Could you explain to me how you get the amount in the lost column such as day 1 = 25 etc.?
Day RN Demand Unsold Lost Profit
1 52 200 0 25 175*0.2-25*0.1=32.5
2 6 100 75 0 100*0.2-75*0.3=-2.5
3 50 200 0 25 175*0.2-25*0.1=32.5
4 88 250 0 75 175*0.2-75*0.1=27.5
5 53 200 0 25 175*0.2-25*0.1=32.5
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Hi,
Please find below explanation to your question.
The simulation deals with simulating profit outcome for the stocking policy of 175 units. The simulation deals with Newsboy or News-vendor problem. The problem deals ...
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