Question
The Donaldson Game Co. orders boxes of collectible game cards for $60 per box. They sell boxes of cards for $100 per box. A new
The Donaldson Game Co. orders boxes of collectible game cards for $60 per box. They sell boxes of cards for $100 per box. A new series of cards is expected in February and they plan to place boxes of the current cards on sale for $50 per box in February. Any unsold boxes after February are donated to a game convention. For Januarys demand, a review of historic sales of the cards yielded a normal distribution with a mean of 200 boxes and a standard deviation of 30. Sales at the discounted price in February are estimated to be a normal distribution with mean of 15 and a standard deviation of 5.
The alternative order you can consider is listed in the following table: Alternatives 150 175 200 225 250 275 Use @Risk to solve with 1000 iterations for 6 alternative orders. a. The Donaldson Game Co. would like to maximize its mean profit. How many should it order? b. Show the @RISK Output Results. c. Show the @RISK Detailed Statistics. The alternative order you can consider is listed in the following table: Alternatives 150 175 200 225 250 275 Use @Risk to solve with 1000 iterations for 6 alternative orders. a. The Donaldson Game Co. would like to maximize its mean profit. How many should it order? b. Show the @RISK Output Results. c. Show the @RISK Detailed StatisticsStep by Step Solution
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