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Unformatted text preview: 2. ALKARNAK hospital buys blood every 3 weeks from a blood bank at $ 30 per pint. Any blood not used must be discarded after 3 weeks. If the hospital runs out of blood during the 3 weeks period, it makes an emergency purchase of blood of $ 50 per pint. Demand estimates & probabilities are as follows: No. of Pints per 3 weeks 100 120 160 200 Probability 0.1 0.4 0.3 0.2 (i) Please identify the decision that minimizes the expected cost. (ii) Please repeat (a) if it costs ALKARNAK $10 per pint to discard the unused blood. (iii) Find the value of perfect Information....
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This note was uploaded on 10/19/2011 for the course DS 412 taught by Professor Eng during the Spring '07 term at S.F. State.
- Spring '07