In the Walton Bookstore example, suppose that Walton receives no money for the first 50 excess calendars returned but receives $2.50 for every calendar after the first 50 returned. Does this change the optimal order quantity?
Using trial and error on the prior probabilities in the Acme problem, find values of them that make EVSI equal to 0. These are values where Acme will make the same decision, regardless of the test market results it observes.
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here