Case Study:Waldo books
Case Examine: Waldo Books Waldo Books must determine what number of copies of a brand new hardcover launch to buy for its cabinets. The shop has assumed that demand shall be 50, 100, 150, or 200 copies subsequent month and they should determine whether or not to order 50, 100, 150 or 200 books for this interval. Every e book prices Waldo $20 and could be bought for $30. Waldo can promote any unsold books again to their provider for $four. a) Which choice ought to Waldo select in the event that they use the maximax criterion? b) Which choice ought to Waldo select in the event that they use the maximin criterion? c) Which choice ought to Waldo select in the event that they use the equally doubtless criterion? d) Which choice ought to Waldo select in the event that they use the minimax remorse criterion? e) Which choice ought to Waldo select in the event that they use the criterion of realism with _ = zero.7?