Question: please help with steps 1-6 if possible step by step The owner of a sales kiosk of perishable goods downloaded 10 weeks of sales data
The owner of a sales kiosk of perishable goods downloaded 10 weeks of sales data from her pos (point of sales) system. That appears below. The unit revenue is $65, the unit cost is $28, and any unsold inventory at the end of each day is sold on the secondary market at a salvage price of $9 per unit. Hestocking occurs on a daily basis. An inventory stockout on any given day sets the maximum revenue for that day, sinte replenishment orders cannot be placed for delivery on the same day. The daily fixed cost of operation is $160. Assignment 1. Develop a relative frequency table and histogram based on the 10 -week sales data. 2. Develop a daily profit and loss (P\&L) model for this kiosk owner. (input parameters specified with the green cells). 3. Based on the model, develop a two-way table (using the sensitivity tools) with the header row representing the customer demands and the header column representing inventory stocking decision 4. Compute the EMV (expected monetary values) for each inventory stocking ievel (decision alternative) based on your relative frequencies. 5. Determine the best decision based on the table results. 6. Using the goal seek tool, determine the minimum demand required to achieve breakeven with the given fined cost. Backeround The owner of a sales kiosk of perishable goods downloaded 10 weeks of sales data from her POS (point of sales) system. That appears below. The unit revenue as $65, the unit cost is $28, and ary unsold inventory at the end of each day is sold on the secondary market at a salvage price of $9 per unit. Restocking occurs on a daly basis. An inventory stockout on any given day sets the maximum revenue for that day, since replenishment orders cannot be placed for deivery on the same day. The dally fixed cost of operation is $160. Assignment 1. Develop a relative frequency table and histogram based on the 10 -week sales data. 2. Develop a daily profit and loss ( \&L) model for this kiosk owner. (input parameters specified with the green cells). 3. Based on the model, develop a two-way table (using the sensitivity tools) with the header row representing the customer demands and the header columin representing inventory stocking 0 4. Compute the EMV (expected monetary values) for each inventory stocking level (decision alternativel based on your relative frequencies. 5. Determine the best decision based on the table results. 6. Using the goal seek tool, determine the minimum demand required to achieve breakeven with the given fived cost
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