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 unit production quantity and a more conservative 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 units, the average profit is approximately:
When ordering 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 ; ; ; and using all these factors. What tradeoffs 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.
tabletableProductionQuantitytableAverageNet ProfittableProfit StandardDeviationtableMaximumNet ProfittableProbability ofa LosstableProbability ofa Shortage$$$$$$$$$$$$
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