Question: ( c ) Before making a final decision on the production quantity, management wants an analysis of a more aggressive 7 0 , 0 0

(c) Before making a final decision on the production quantity, management wants an analysis of a more aggressive 70,000-unit production quantity and a more conservative 50,000-unit production quantity. Run your simulation with these two production quantities. What is the average profit associated with each? Round your answer in whole dollar.
When ordering 50,000 units, the average profit is approximately:
When ordering 70,000 units, the average profit is approximately $
(d) Besides average profit, what other factors should FTC consider in determining a production quantity? Compare the four production quantities (40,000; 50,000; 60,000; and 70,000) using all these factors. What trade-offs occur?
If required, round Probability of a Loss to three decimal places and Probability of a Shortage to two decimal places. Round your answer in whole dollar.
\table[[\table[[Production],[Quantity]],\table[[Average],[Net Profit]],\table[[Profit Standard],[Deviation]],\table[[Maximum],[Net Profit]],\table[[Probability of],[a Loss]],\table[[Probability of],[a Shortage]]],[40,000,$,$,$,,],[50,000,$,$,$,,],[60,000,$,$,$,,],[70,000,$,$,$,,]]
 (c) Before making a final decision on the production quantity, management

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