Use @RISK to determine the best order quantity, that is, the one with the largest mean profit.
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Use @RISK to determine the best order quantity, that is, the one with the largest mean profit.
Using the statistics and/or graphs from @RISK, discuss whether this order quantity would be considered best by the car dealer. (The point is that a decision maker can use more than just mean profit in making a decision.)
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Related Book For
Practical Management Science, Revised
ISBN: 9781118373439
3rd Edition
Authors: Wayne L Winston, S. Christian Albright
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