Question: 1 . ( 5 pts ) Build a table for the cumulative probability distribution for demand. It should be set up for use with the

1.(5pts) 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.
2.(15pts) Build a table for tracking sales over one year (Jan 2023-Dec 2023) with separate columns for Meat, Seafood and Produce. This will just be the randomized demand value for each item for each month (like in 10.1.2 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.
3.(10pts) Build a table for tracking total revenues, costs, and profit for the year. This table should use the information provided in your answer to 2., 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)
Profit/Loss (total revenue minus total costs)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!