subject

You have a sideline business buying and selling vintage jukeboxes. you have room to store up to two jukeboxes and feel certain that the following prices will prevail over the next four months:

month 1 2 3 4
sell (ask) price $2500 $2800 $2000 $2700
buy (bid) price $2600 $2900 $2100 $2800
each month, you have a choice of one of the following three actions:

ï‚· buy: buy one jukebox at the bid price (unless you already have two in storage)
ï‚· hold: do nothing (allowable with any number of jukeboxes in storage, including zero)
ï‚· sell: sell one jukebox at the ask price (unless you do not have any left in storage).

you have a direct holding cost of $100 for each jukebox in storage at the end of each month (for maintenance and cleaning), and want to maximize your profit from trading jukeboxes over the next four months. assume that you do not have any jukeboxes currently in storage, and that you ascribe a "salvage" value of $2000 to each jukebox left over after the end of the four months (holding cost at the end of month four still applies to any such jukeboxes).

manually solve this problem by dynamic programming, showing your work. what is the optimal trading strategy, and what is the resulting profit?

ansver
Answers: 2

Another question on Computers and Technology

question
Computers and Technology, 22.06.2019 22:30
Jason needs to learn a new web tool. he went through his books to understand more about it. now he wants hands-on experience with using that tool. what would him? jason can use websites where workspace is provided to test the results of your code.
Answers: 2
question
Computers and Technology, 24.06.2019 00:50
3. what is the output of the following statements? temporary object1; temporary object2("rectangle", 8.5, 5); temporary object3("circle", 6, 0); temporary object4("cylinder", 6, 3.5); cout < < fixed < < showpoint < < setprecision(2); object1.print(); object2.print(); object3.print(); object4.print(); object1.set("sphere", 4.5, 0); object1.print();
Answers: 1
question
Computers and Technology, 24.06.2019 23:30
What is the opening page of a website called? a. web page b. landing page c. homepage d. opening page
Answers: 1
question
Computers and Technology, 25.06.2019 00:30
You are to write a series of steps that anyone could follow to solve the following three problems: 1. even odd a. assume that someone tells you a number (an integer number) b. you hear the number and respond with the word even or odd 2. average a. assume that someone tells you between 3 and 5 numeric values. b. you hear the numbers and respond with the average is some number 3. dog or cat a. explain to a child the differences between a dog and a cat. b. your explanation could be used by a child or anyone to distinguish the difference between a dog and a cat
Answers: 1
You know the right answer?
You have a sideline business buying and selling vintage jukeboxes. you have room to store up to two...
Questions
question
Mathematics, 08.10.2021 22:10
question
Mathematics, 08.10.2021 22:10
question
Mathematics, 08.10.2021 22:10
question
History, 08.10.2021 22:10
Questions on the website: 13722367