We all hate to keep track of small change. By us-ing random numbers, it is possible to eliminate the need for change and give the store and the customera fair deal. This problem indicates how it couldbe done.a. Suppose that you buy something for $0.20. Howcould you use random numbers (built into the cashregister system) to decide whether you should pay$1.00 or nothing?b. If you bought something for $9.60, how wouldyou use random numbers to eliminate the need forchange?c. In the long run, why is this method fair to both thestore and the customers? Would you personally (asa customer) be willing to abide by such a system?

We all hate to keep track of small change. By us-ing random numbers, it is possible to eliminate the need for change and give the store and the customera fair deal. This problem indicates how it couldbe done.a. Suppose that you buy something for $0.20. Howcould you use random numbers (built into the cashregister system) to decide whether you should pay$1.00 or nothing?b. If you bought something for $9.60, how wouldyou use random numbers to eliminate the need forchange?c. In the long run, why is this method fair to both thestore and the customers? Would you personally (asa customer) be willing to abide by such a system?

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter8: Evolutionary Solver: An Alternative Optimization Procedure

Section8.6: Fitting An S-shaped Curve

Problem 9P

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We all hate to bring small change to the store. Usingrandom numbers, we can eliminate the need for change andgive the store and the customer a fair shake.a Suppose you buy something that costs $.20. How could you use random numbers (built into the cash reg-ister system) to decide whether you should pay $1.00 or nothing? This eliminates the need for change!b If you bought something for $9.60, how would youuse random numbers to eliminate the need for change?c In the long run, why is this method fair to both thestore and the customer?
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