For example, if full-price demand is 2500, then at a 10% discount, customers would be willing to

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For example, if full-price demand is 2500, then at a 10% discount, customers would be willing to buy 1000 T-shirts. The unit cost of purchasing T-shirts depends on the number of T-shirts ordered, as shown in the file P11_36.xlsx. Use simulation to see how many T-shirts Dilbert’s should order. Model the problem so that Dilbert’s first orders some quantity of T-shirts, and then discounts deeper and deeper, as necessary, to sell all of the shirts.

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Practical Management Science, Revised

ISBN: 9781118373439

3rd Edition

Authors: Wayne L Winston, S. Christian Albright

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