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Please answer # 1-3 !!! Mnt Supply Inc, selis ski goggles for those who are forgetful. The company purchases from a Chinese manufacturer at the
Please answer # 1-3 !!!
Mnt Supply Inc, selis ski goggles for those who are forgetful. The company purchases from a Chinese manufacturer at the beginning of the summer. Due to shipping time, the company only order once a year. Mnt purchases the goggles for $5.00 and sells them at $15.00. Since the store closes at the end of ski season, any leftover goggles are sold for $3.00 on a website, From historical data. Mnt Supply estimated demand is following a Poisson distribution with a mean of 160. The company considers ordering anywhere from 130 units to 180 units with an increment of 10 units. Consider Mnt Supply Inc problem statement. The screenshot above represents a completed simulation model. Complete the function in Cell C10 representing "Order Quantity. Consider Mnt Supply Inc problem statement. The screenshot above represents a completed simulation model, Complete the function in Cell C16 representing "Units Sold in Season:" \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Unit Cost $5} \\ \hline 4 & & Selling Price & $15 & \\ \hline 5 & & Salvage Price & $3 & \\ \hline 6 & & & & \\ \hline 7 & & Expected Demand & 160 & \\ \hline 8 & & & & Potential Order Quantity \\ \hline 9 & \multicolumn{3}{|c|}{ Decision Variables } & 130 \\ \hline 10 & & Order Quantity & & 140 \\ \hline 11 & & & & 15 \\ \hline 12 & \multicolumn{2}{|c|}{ Random Variable } & & 160 \\ \hline 13 & & Demand & & 170 \\ \hline 14 & & & & 180 \\ \hline 15 & \multicolumn{4}{|l|}{ Calculations } \\ \hline 16 & & \multicolumn{3}{|l|}{ Units Sold in Season } \\ \hline 17 & & \multicolumn{3}{|l|}{ Units Salvaged } \\ \hline \multicolumn{5}{|l|}{18} \\ \hline 19 & & \multicolumn{3}{|l|}{ Regular Revenue } \\ \hline 20 & & \multirow{2}{*}{\multicolumn{3}{|c|}{ Salvage Revenue }} \\ \hline \multicolumn{2}{|l|}{21} & & & \\ \hline 22 & & \multirow{2}{*}{\multicolumn{3}{|c|}{ Total Cost }} \\ \hline \multicolumn{2}{|l|}{23} & & & \\ \hline 24 & & \multicolumn{3}{|l|}{ Profit } \\ \hline \end{tabular} Step by Step Solution
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