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Discussion :: GATE Production

  1. A milk vendor incurs an overstocking cost of Rs. 2 per litre and a shortage cost of Rs. 0.5 per litre. The demand is uniformly distributed between 1 litre and 6 litres. Using the Newsvendor Model, the maximum quantity of milk in litre(s) the vendor should order is
    2. A.
    2
    B.
    6
    C.
    1
    D.
    3

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    Workspace

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    Answer : Option A

    Explanation :

    -NA-

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