Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

As the decision maker of your supply chain production plan, you need to decide on over/under producing of models A, B and C. The liquidation

As the decision maker of your supply chain production plan, you need to decide on over/under producing of models A, B and C. The liquidation value for model A, B and C are 100, 75 and 113 respectively. There are 45 units monthly expected demand for model A, 25 for model B and 60 for C. Please Solve in excel

Cost structure

A

B

C

Selling price

400

350

520

Cost

370

140

200

-Use the newsvendor analysis to verify your answers (assume there is no chance to replenish and there are no inventory costs).

Monthly demand forecast

A

B

C

Mean

85

70

87

Standard deviation

5

9

6

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Engineering Mathematics

Authors: ERWIN KREYSZIG

9th Edition

0471488852, 978-0471488859

More Books

Students also viewed these Mathematics questions

Question

\f

Answered: 1 week ago