Congratulations, the design options for the two mobile phone lines have been specified. You will now have to predict the total demand for each product line. Your forecasting team members have come up with a consensus for what they believe demand will be for the mobile phone lines. However, the board of your company is interested in your personal estimates as well. The numbers you will forecast after entering the forecasting room will not affect your production schedule, but they will help you later as you determine where and how to source your products. Model A: Monthly Estimated Demand May–December in thousands per month Average:59Standard Dev:2 AndreiAyaLorenzoClaireByronRuthConsensus020406080 Model B: Monthly Estimated Demand May–December in thousands per month Average:29Standard Dev:6 AndreiAyaLorenzoClaireByronRuthConsensus020406080 Unit Data with Options as Chosen costs are an estimate from the lowest-cost contract manufacturer Model A Model B Unit Price $210.00 $250.00 Unit Cost $135.00 $155.00 Unit Profit $75.00 $95.00 Markdown (liquidation) Price* $121.50 $46.50 Monthly Holding Cost $4.20 $5.00*at the end of the year, all models left in stock will be sold to a consolidator at this price Enter your demand estimates This is your forecast for what monthly demand will be each month from May through December. There is no demand expected from January through April. Model Ak/month Model Bk/month *Please write a short statement about the strategy yo
Congratulations, the design options for the two mobile phone lines have been specified. You will now have to predict the total demand for each product line. Your forecasting team members have come up with a consensus for what they believe demand will be for the mobile phone lines. However, the board of your company is interested in your personal estimates as well. The numbers you will forecast after entering the forecasting room will not affect your production schedule, but they will help you later as you determine where and how to source your products. Model A: Monthly Estimated Demand May–December in thousands per month Average:59Standard Dev:2 AndreiAyaLorenzoClaireByronRuthConsensus020406080 Model B: Monthly Estimated Demand May–December in thousands per month Average:29Standard Dev:6 AndreiAyaLorenzoClaireByronRuthConsensus020406080 Unit Data with Options as Chosen costs are an estimate from the lowest-cost contract manufacturer Model A Model B Unit Price $210.00 $250.00 Unit Cost $135.00 $155.00 Unit Profit $75.00 $95.00 Markdown (liquidation) Price* $121.50 $46.50 Monthly Holding Cost $4.20 $5.00*at the end of the year, all models left in stock will be sold to a consolidator at this price Enter your demand estimates This is your forecast for what monthly demand will be each month from May through December. There is no demand expected from January through April. Model Ak/month Model Bk/month *Please write a short statement about the strategy yo
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Congratulations, the design options for the two mobile phone lines have been specified. You will now have to predict the total demand for each product line.
Your
However, the board of your company is interested in your personal estimates as well.
The numbers you will forecast after entering the forecasting room will not affect your production
Model A: Monthly Estimated Demand May–December
in thousands per monthAverage:59Standard Dev:2
AndreiAyaLorenzoClaireByronRuthConsensus020406080
Model B: Monthly Estimated Demand May–December
in thousands per monthAverage:29Standard Dev:6
AndreiAyaLorenzoClaireByronRuthConsensus020406080
Unit Data with Options as Chosen
costs are an estimate from the lowest-cost contract manufacturer| Model A | Model B | |
|---|---|---|
| Unit Price | $210.00 | $250.00 |
| Unit Cost | $135.00 | $155.00 |
| Unit Profit | $75.00 | $95.00 |
| Markdown (liquidation) Price* | $121.50 | $46.50 |
| Monthly Holding Cost | $4.20 | $5.00 |
Enter your demand estimates
This is your forecast for what monthly demand will be each month from May through December. There is no demand expected from January through April.
Model Ak/month
Model Bk/month
*Please write a short statement about the strategy you
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