5. Use Risk Solver Platform to simulate the Outsourcing Decision Model under the assumptions that the production
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5. Use Risk Solver Platform to simulate the Outsourcing Decision Model under the assumptions that the production volume will be triangular with a minimum of 800, maximum of 1,700, and most likely value of 1,400; and that the unit supplier cost is normally distributed with a mean of $175 and a standard deviation of $12.
Find the probability that outsourcing will result in the best decision.
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Related Book For
Business Analytics Methods Models And Decisions
ISBN: 9780132950619
1st Edition
Authors: James R. Evans
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