Ski Jacket

The analysis conducted shows the importance of quantity production variability on the profit maximizing verge. A range of values is presented by four Regional Sales Managers; each region includes the minimum, most likely and maximum sales values of a random variable. The sample data is described as simple, limited, and somewhat scarce; therefore, given the grade of uncertainty, the most appropriate and suitable distribution to use is the Triangular distribution. The Monte Carlo Simulation from Microsoft Excel Risk, will calculate “a model output value many times with different input values. The purpose is to get a complete range of all possible scenerios. ”

For the Region 1 the demand is generated from (3000, 4000, 8000) with a mean of 5000. One point of interest in the data is the variability of the values. According to the parameters of this data the coefficient of variability is 22%. The graph is right skewed, as we see the mean (5000) is right to the median (4875), and the median is right to the mode (4000); its peak represents the most likely value (4000). According to the input the total demand average generated for this region is 5000 jackets.

For the Region 2 the demand is generated from (2000, 4000, 5000) with a mean of 3667. One point of interest in the data is the variability of the values. According to the parameters of this data the coefficient of variability is 17%. The graph is left skewed, as we see the mean (3667) is relatively close, but left to the median (3717), and the median is also close, and left to the mode (4013); its peak represents the most likely value (4000). According to the input the total demand average generated for this region is 3667 jackets.

For the Region 3 the demand is generated from (1500, 2000, 3500) with a mean of 2333. One point of interest in the data is the variability of the values. According to the parameters of this data the coefficient of variability is 18%. The graph is left skewed, as we see the mean (2,333) is left to the median (2269), and the median left to the mode (2242); its peak represents the most likely value (2000). According to the input the total demand average generated for this region is 2333 jackets. For the Region 4 the demand is generated from (500, 1000, 1500) with a mean of 1000.

One point of interest in the data is the variability of the values. According to the parameters of this data the coefficient of variability is 20%. The graph perfectly symmetric, the peak represents the most likely value (1000). According to the input the total demand average generated for this region is 1000 jackets. When the four Regional demands are summarize (5000, 3667, 2333, 1000) we totalize an estimate value of 12000 jackets.

The four Regions have different means, standard deviation; the tendencies of the values are they decrease from Region 1 to Region 4. Beside the values provided by the four Regional Sales Managers, 12 Egress employees have independently estimated demand for the upcoming season. Using the same program described above, the sample data generated a mean of 11750, standard deviation 3678, and an IQR of 5039. The best distribution fit for the sample appears to be triangular. If compared to the Regional Manager’s demand, the mean generated from the employees’ estimate (11750) is very close to the total demand estimated by the triangular distribution (12000) from the manager’s data.

The most appealing option, between the two demand estimates, is the Regional Manager’s demand as it leads to the possibility of generating triangular distribution estimates, easy to understand and visualize any effect of any changes, which will result in positive decision making. There are three different quantities of production levels projected for the upcoming season (7800, 12000, 14000). According to the previous demand estimates, the total quantity demanded is 12000.

Therefore, the production level of 7800 jackets does not match the demand estimated; there is a demand shortage of 4200 jackets, which will result in disadvantage, explained as follows. When compared this quantity level of production with the 12000 production level, there is an \$84,000 profit difference between both levels, which makes us determine that between both the most appealing alternative for profit maximization is the 12000 production level. On the other hand, the 14000 production level generated a total profit estimate of \$40,000; his amount can be translated into a loss of \$100,000 when compared to the 12000 production level. Meaning that, 2000 extra jackets produced over the estimated demand will be sold at \$30 per unit instead of \$100. However, if these 2000 extra jackets were to be sold at full price (\$100 per unit) profits would increase by \$40,000. Finally, when comparing all three production levels, we can conclude that the most suitable alternative, that comprises the most benefits, in terms of profit maximization, is the 12000 quantity production level.

Calculate the price
Pages (550 words)
\$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with MyStudyWriters
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Social Work and Human Services
Although it took 2 revisions I am satisfied but I did receive it late because of that.
Customer 452603, March 25th, 2021
Nursing
thank you so much
Customer 452749, June 10th, 2021
Sociology
THANK YOUUUUU
Customer 452591, March 18th, 2021
Perfect
Customer 452773, February 23rd, 2023
Nursing
I just need some minor alterations. Thanks.
Customer 452547, February 10th, 2021
Social Work and Human Services
Great work I would love to continue working with this writer thought out the 11 week course.
Customer 452667, May 30th, 2021
very good
Customer 452773, March 26th, 2023
Management
Thank you!!! I received my order in record timing.
Customer 452551, February 9th, 2021
History
Don't really see any of sources I provided, but elsewise its great, thank you!
Customer 452697, May 8th, 2021
Thank you
Customer 452773, March 19th, 2023
looks good thank you
Customer 452773, March 3rd, 2023
Management
Love this writer!!! Great work
Customer 452597, April 5th, 2021
11,595
Customer reviews in total
96%
Current satisfaction rate
3 pages
Average paper length
37%
Customers referred by a friend
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat

Sometimes it is hard to do all the work on your own

• Dissertations and Thesis
• Essays
• All Assignments

• Research papers
• Terms Papers
• Online Classes

-

eskişehir eskort

-

eskişehir eskort