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Please Show Excel Formulas for a Like ! Question Set 1 . You are an inventory management consultant. You have been hired by Walmart to
Please Show Excel Formulas for a Like Question Set You are an inventory management consultant. You have been hired by Walmart to help optimize inventory management for their Dairy department. Your immediate task is building a Monte Carlo simulation for sales of Milk, Eggs and Cheese. The probabilities of monthly demand levels are: The unit revenues and costs are given in the table below. Each product has a separate display with an associated fixed monthly cost: Build a table for the cumulative probability distribution for demand. It should be set up for use with the VLOOKUP function, with the cumulative probabilities on the left. Build a table for tracking sales over one year Jan Dec with separate columns for Milk, Eggs and Cheese. This will just be the randomized demand value for each item for each month like in from the lab exercise on Monte Carlo simulations For this assignment, assume all demand is actually met that is sales demand and there is no other inventory loss except through sales. Build a table for tracking total revenues, costs, and profit for the year. This table should use the information provided in your answer to above. Your table should calculate values for: Total Revenue based on the combined sales of all three products over the year Total Cost also based on combined sales, and including cost of goods sold and fixed costs ProfitLoss total revenue minus total costs Create a data table to generate runs of the simulation and calculate the average profit of the simulation runs. As in previous assignments, this must be an actual data table structure to earn full credit. Calculate the average profit over the simulation runs.
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