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A gasoline mini-mart orders 26 copies of a monthly magazine. Depending on the cover story, demand for the magazine varies. The mini-mart purchases the magazines for $1.57 and sells them for $3.75. Any magazines left over at the end of the month are donated to hospitals and other health care facilities. Modify the newsvendor example spreadsheet to model this situation. Use what-if analysis to ivestigate the financial implications of this policy if the demand is expected to vary between 10 and 30 copies each month. E Click the icon to view the newsvendor example spreadsheet. The demand must be at least copies for the gasoline mini-mart to break even. (Type a whole number)

A gasoline mini-mart orders 26 copies of a monthly magazine. Depending on the cover story, demand for the magazine varies. The mini-mart purchases the magazines for $1.57 and sells them for $3.75. Any magazines left over at the end of the month are donated to hospitals and other health care facilities. Modify the newsvendor example spreadsheet to model this situation. Use what-if analysis to ivestigate the financial implications of this policy if the demand is expected to vary between 10 and 30 copies each month. E Click the icon to view the newsvendor example spreadsheet. The demand must be at least copies for the gasoline mini-mart to break even. (Type a whole number)

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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A gasoline mini-mart orders 26 copies of a monthly magazine. Depending on the cover story, demand for the magazine varies. The mini-mart purchases the magazines for $1.57 and sells them for $3.75. Any magazines left over at the end of the month are donated to hospitals and other health care facilities. Modify the newsvendor example spreadsheet to model this situation. Use what-if analysis to investigate the financial implications of this policy if the demand is expected to vary between 10 and 30 copies each month. E Click the icon to view the newsvendor example spreadsheet. The demand must be at least copies for the gasoline mini-mart to break even. (Type a whole number)
Transcribed Image Text:A gasoline mini-mart orders 26 copies of a monthly magazine. Depending on the cover story, demand for the magazine varies. The mini-mart purchases the magazines for $1.57 and sells them for $3.75. Any magazines left over at the end of the month are donated to hospitals and other health care facilities. Modify the newsvendor example spreadsheet to model this situation. Use what-if analysis to investigate the financial implications of this policy if the demand is expected to vary between 10 and 30 copies each month. E Click the icon to view the newsvendor example spreadsheet. The demand must be at least copies for the gasoline mini-mart to break even. (Type a whole number)
Newsvendor model spreadsheet 1 Newsvendor Model 2 3 Data 4 5 Selling price 6 Cost 7 Discount price $3.75 $1.57 $0 8. 9 Model 11 Demand 12 Purchase Quantity 13 14 Quantity Sold 15 Surplus Quantity 10 26 16 17 Profit The formula for the quantity sold is MIN(B11,B12). The formula for the surplus quantity is =MAX(O.B12-B11). The formula for the profit is =B14*B5-B12*B6.
Transcribed Image Text:Newsvendor model spreadsheet 1 Newsvendor Model 2 3 Data 4 5 Selling price 6 Cost 7 Discount price $3.75 $1.57 $0 8. 9 Model 11 Demand 12 Purchase Quantity 13 14 Quantity Sold 15 Surplus Quantity 10 26 16 17 Profit The formula for the quantity sold is MIN(B11,B12). The formula for the surplus quantity is =MAX(O.B12-B11). The formula for the profit is =B14*B5-B12*B6.
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