Question: PART B SIMULATION B.1 Expected Lead Time Demand for a company - Assume that a share of the expected lead-time demand or production belongs

PART B SIMULATION B.1 Expected Lead Time Demand for a company -

PART B SIMULATION B.1 Expected Lead Time Demand for a company - Assume that a share of the expected lead-time demand or production belongs to the company. However, there is some uncertainty associated with this share. This can be summarized using the following table: Share Probability 0.5 0.05 0.6 0.7 0.8 0.9 1.0 0.10 0.25 0.25 0.20 0.15 Using simulation and a total of 120 trials, calculate the expected lead-time demand or production achieved by the company. B.2-Expected Profit for the company The forecasted units are assumed to have a selling price of 5.00 and a variable cost of production per unit 2.50. Estimate the expected profit obtained by the company.

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