Question: please show step bt step process and replication no. goes to 500 Order quantity Reconsider the high-end skiwear producer of the MT. The spreadsheet model

please show step bt step process and replication no. goes to 500  please show step bt step process and replication no. goes to
500 Order quantity Reconsider the high-end skiwear producer of the MT. The
spreadsheet model using two-way Data Table, SUMPRODUCT, and Conditional Formatting is displayed

Order quantity Reconsider the high-end skiwear producer of the MT. The spreadsheet model using two-way Data Table, SUMPRODUCT, and Conditional Formatting is displayed to the right. a. As an alternative method, develop a simulation model to decide how many parkas to order. Run 500 replications. Determine the average profit of the replications. Use 2000 units for order quantity. b. Use Part a, one-way Data Table (with order quantity values of 1000,2000 , and 3000 ), and Conditinal Formatting to determine that order quantity that usually maximizes the expected profit. What is it? Hint: Press the F9 key a few times to see how sensitive the choice of top cell is. \begin{tabular}{|c|c|c|c|c|c|c|} \hline \multicolumn{7}{|l|}{ Inputs } \\ \hline Price per unit & $173,00 & & & & & \\ \hline Cost per unit & $130.00 & & & & & \\ \hline \multirow[t]{2}{*}{ Discount price per unit } & $115 & & & & & \\ \hline & & & Cumul prob. Dist & & & \\ \hline Demand & Probability & & lower bound & Demand & & \\ \hline 1000 & 0.21 & & & & & \\ \hline 2000 & 0.47 & & & & & \\ \hline 3000 & 0.32 & & & & & \\ \hline & & & & & & \\ \hline Decision variable & & & b. & & & \\ \hline Order quantity & & & Order quantity & & & \\ \hline \multicolumn{7}{|l|}{ Output } \\ \hline \multicolumn{7}{|l|}{ Average profit } \\ \hline \multicolumn{7}{|l|}{ a. =} \\ \hline Replication no. & RAND0 & Random demand & Revenue in seacon & Revenue after season & Total cost & Profit \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline \end{tabular}

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