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Please send screenshot of single scenario summary report by scenario manager. Do not handwrite answer. Problem #3 (Scenario Manager for Newsvendor Problem - 12 points):
Please send screenshot of single scenario summary report by scenario manager. Do not handwrite answer.
Problem #3 (Scenario Manager for Newsvendor Problem - 12 points): Create a model to calculate the profits for a company making this product. The formula for profits is: Profits = revenue - fixed costs - variable costs Revenue = unit price * units sold Variable costs = unit cost * quantity produced Units sold (you need to figure out for yourself) Unit price Unit cost Fixed cost Quantity produced $60 $35 $550,000 60,000 Uncertain Demand Case Recession Poor growth Base-case Lucky Boom Probability 0.1 0.2 0.4 0.2 0.1 Quantity 35,000 45,000 55,000 65,000 75,000 Using Scenario Manager, create a scenario summary of the demand quantity and profits. You will not receive full credit unless I see a single scenario summary report is generated by scenario managerStep by Step Solution
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