Table 16.18
Expected profit table
Possible demand (Event) (kg)
Probability
Possible stock action (alternative) (kg)
15
20
25
30
35
40
50
(i)
(i)
 (ii)
(i)
 (iii)
(i)
 (iv)
(i)
 (v)
(i)
 (vi)
(i)
 (vii)
(i)
 (viii)
Rs.
Rs.
Rs.
Rs.
Rs.
Rs.
Rs.
15
0.03
45
À15
,À75
À135
À195
À255
À375
20
0.07
105
140
0
À140
À280
À420
À700
25
0.10
150
200
250
50
À150
À350
À750
30
0.40
600
800
1000
1200
400
À400
À2000
35
0.20
300
400
500
600
700
300
À500
40
0.15
225
300
375
450
525
600
0
50
0.05
75
100
125
150
175
200
250
EMV (Rs)
1500
1925
2175
2175
1175
À325
À4075
16.6 Decision Making Under Conditions of Risk
461