A job shop received an order for high-precision formed, Operation Management

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A job shop received an order for high-precision formed

A job shop received an order for high-precision formed parts The following data is given: Revenue: $135,000 per each good part Cost Salvage$0.00 Probability of good part: 0.75 (Binomial Distribution) S55,000 per each part Customer requires at least 8 and not more than 10. If fewer than 8 are produced, the customer will not purchase any. Also, the customer will not purchase over 10 parts. What is my maximum expected profit?

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Operation Management: A job shop received an order for high-precision formed

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