Question: Using the sample data given in Exhibit 1 0 , make a recommendation for how many units of each style Wally Obermeyer should order during

Using the sample data given in Exhibit 10, make a recommendation for how many units of each style Wally Obermeyer should order during the initial phase of the production. Assume that all ten styles in the sample problem are made in Hong Kong, and that Obermeyers initial production commitment must be at least 10,000 units. (Ignore price differences among styles in your initial analysis.) Please use mathmatical reasoning when making your decision. Based on the table and deviation of the forecasts, create a model for order quantities for ecah of the ten products where the total order quantity can not exceed 10,000
Exhibit 10 Sample Buying Committee Forecasts, 10 Styles of Women's Parkas
\table[[,Individual Forecasts,\table[[Average],[Forecast]],\table[[Standard],[Deviation]],\table[[2\times Std.|],[Deviation]]],[Style,Price ^(a),Laura,Carolyn,Greg,Wendy,Tom,Wally,,,],[Gail,$110,900,1,000,900,1,300,800,1,200,1,017,194,388],[Isis,$99,800,700,1,000,1,600,950,1,200,1,042,323,646],[Entice,$80,1,200,1,600,1,500,1,550,950,1,350,1,358,248,496],[Assault,$90,2,500,1,900,2,700,2,450,2,800,2,800,2,525,340,680],[Teri,$123,800,900,1,000,1,100,950,1,850,1,100,381,762],[Electra,$173,2,500,1,900,1,900,2,800,1,800,2,000,2,150,404,807],[Stephanie,$133,600,900,1,000,1,100,950,2,125,1,113,524,1,048],[Seduced,$73,4,600,4,300,3,900,4,000,4,300,3,000,4,017,556,1,113],[Anita,$93,4,400,3,300,3,500,1,500,4,200,2,875,3,296,1,047,2,094],[Daphne,$148,1,700,3,500,2,600,2,600,2,300,1,600,2,383,697,1,394],[Totals,,20,000,20,000,20,000,20,000,20,000,20,000,20,000,,]]
 Using the sample data given in Exhibit 10, make a recommendation

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!