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( All answers were generated using 1 , 0 0 0 trials and native Excel functionality. ) How does this compare to the profit corresponding
All answers were generated using trials and native Excel functionality.
How does this compare to the profit corresponding to the average demand as computed in part a
The average profit from the simulation is Select your answer the profit computed in part a
When ordering units, the average profit is approximately :
When ordering units, the average profit is approximately :
If required, round Probability of a Loss to three decimal places and Probability of a Shortage to two decimal places. Round the other answers to the nearest dollar.
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