For the Outsourcing Decision Model, suppose that the demand volume is lognormally distributed with a mean of 1,500 and a standard deviation of 500 What is the distribution of the cost differences between manufacturing in house and purchasing What decision would you recommend Define both the cost di...

The outsourcing model is given below Outsourcing Decision Model Data M ...

For the Outsourcing Decision Model, suppose that the demand volume is lognormally distributed with a mean of

Question:

For the Outsourcing Decision Model, suppose that the demand volume is lognormally distributed with a mean of 1,500 and a standard deviation of 500. What is the of the cost differences between manufacturing in-house and purchasing? What decision would you recommend? Define both the cost difference and decision as forecast cells. Because Crystal Ball forecast cells must be numeric, replace the formula in cell B20 with =IF (B18 = 0, 1, 0); that is, “1” represents manufacturing and “0” represents outsourcing. Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...