Question: ( All answers were generated using 1 , 0 0 0 trials and native Excel functionality. ) 1 0 0 , Galaxy sells only the
All answers were generated using trials and native Excel functionality. Galaxy sells only the pairs of goggles in stock. Galaxy assigns a shortage cost of $ for each unit of demand that is unsatisfied to represent a lossofgoodwill among its customers. Management would like to use a simulation model to analyze this situation.
a What is the average monthly profit resulting from its policy of stocking pairs of goggles at the beginning of each month? Round your answer to the nearest dollar.
b What is the proportion of months in which demand is completely satisfied? Round your answer to the nearest whole number.
The average difference between the net profit generated by a replenishment level of versus a replenishment level of is $ It means that monthly replenishment level of Select your answer increases profitability.
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