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About Customize Supply Chain Management - Maths
The manager of Trips Logistics needs to determine whether to sign a 3-year lease for warehouse space or rent on the spot market each year. Demand may increase or decrease 20% each year, and spot market prices may increase or decrease 10% annually. A decision tree is constructed to analyze the expected costs and revenues over 3 years under each option. Based on the probabilities and costs, signing the lease results in lower expected total costs and is therefore the recommended choice.
Detailed Information
| Author: | ['873 jannatul Ferdaus'] |
|---|---|
| Publication Year: | 2021 |
| Pages: | 20 |
| Language: | English |
| Format: | |
| Price: | FREE |
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