Question: Problem #3 (20 points) One of the examples in Ch. 12 of the textbook dealt with determining the optimal reorder point for a computer monitor

 Problem #3 (20 points) One of the examples in Ch. 12

Problem #3 (20 points) One of the examples in Ch. 12 of the textbook dealt with determining the optimal reorder point for a computer monitor sold by Millennium Computer Corp (MCC). Suppose that it costs MCC $0.30 per day in holding costs for each monitor in beginning inventory, and it costs $20 to place an order. Each monitor sold generates a profit of $45, and each lost sale results in an opportunity cost of $65 (including the lost profit of $45 and $20 in lost goodwill). Modify the spreadsheet show in Figure 12.23 of the textbook to determine the reorder point and order quantity that maximize the average monthly profit associated with this monitor. You should use Microsoft Excel with ASPE to solve

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