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| Page | 3/3 | | Date | 03.04.2023 | | Size | 61.1 Kb. | | #61031 |
| 02 Jan 23 Class SCM 416 (Modeling 1)Quantity Ordered
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Unit Price (for all units)
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1 - 999
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$24.00
|
1000 - 1999
|
$23.00
|
2000 - 2999
|
$22.25
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3000 - 3999
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$21.75
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4000 +
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$21.30
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Example 2 (cont.)
Suppose that the demand can take the following values with given probabilities.
Demand
|
500
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1000
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1500
|
2000
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2500
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3000
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3500
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4000
|
4500
|
Probability
|
0.025
|
0.05
|
0.15
|
0.25
|
0.25
|
0.15
|
0.07
|
0.04
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0.015
|
How many copies of the hardcover book should BN order from the publisher?
Example 2 Takeaways:
Modeling & Excel Features
- Intro to Modeling
- Modeling Basics: Example 1
- Modeling Basics: Example 2
- Summary
Session Outline
Summary & Key Takeaways
Next Class: Modeling - II
- Example 2 wrap-up
- Readings (see “Reading(s) by Date” folder)
- Chapter 2, WA: read p.39-53
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