The optimal order quantity using @RISK. Introduction: Simulation model is the digital prototype of the physical model that helps to forecast the performance of the system or model in the real world.

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Answer 1

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Chapter 12.5, Problem 14P

Summary Introduction

To determine: The optimal order quantity using @RISK.

Introduction: Simulation model is the digital prototype of the physical model that helps to forecast the performance of the system or model in the real world.

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Gas sales across type: 80% of gas sales tend to be regular. 15% midgrade, 5% tend to be premium. $0.10 increase in price per gallon tends to decrease gallons sold by 1 to 3%. Jan-0.87, Feb-0.95, Mar-1.00, Apr-1.05, May-1.08, Jun1.15, Jul-1.13, Aug-1.07, Sep-1.02, Oct-0.94, Nov-0.89, Dec-0.85. You want the MAPE to be below 20%, if ypu can get it to or below 10% they'll throw in extra $10k. Wont get bonus if it is above 11% or 20%. It cannot be over 20%.

help me choose the correct path please. There are other options

Negotiators can gain several benefits from using the strategy of multiple equivalent simultaneous offers. By offering multiple options it reduces the chance of rejection. It also improves the chances of reaching reaching an agreement. By presenting multiple offers, it shows you are flexible. agree with the post

Answer 2

Question

Chapter 12.5, Problem 14P

Summary Introduction

To determine: The optimal order quantity using @RISK.

Introduction: Simulation model is the digital prototype of the physical model that helps to forecast the performance of the system or model in the real world.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 12.5, Problem 14P

Summary Introduction

To determine: The optimal order quantity using @RISK.

Introduction: Simulation model is the digital prototype of the physical model that helps to forecast the performance of the system or model in the real world.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 12.5, Problem 14P

Summary Introduction

To determine: The optimal order quantity using @RISK.

Introduction: Simulation model is the digital prototype of the physical model that helps to forecast the performance of the system or model in the real world.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 5

Chapter 12.5, Problem 14P

Summary Introduction

To determine: The optimal order quantity using @RISK.

Introduction: Simulation model is the digital prototype of the physical model that helps to forecast the performance of the system or model in the real world.

Answer 6

Chapter 12.5, Problem 14P

Summary Introduction

To determine: The optimal order quantity using @RISK.

Introduction: Simulation model is the digital prototype of the physical model that helps to forecast the performance of the system or model in the real world.

Answer 7

Chapter 12.5, Problem 14P

Summary Introduction

To determine: The optimal order quantity using @RISK.

Introduction: Simulation model is the digital prototype of the physical model that helps to forecast the performance of the system or model in the real world.

Answer 8

Expert Solution & Answer

Answer 9

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Answer 10

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Answer 11

Ch. 12.4 - Prob. 1P Ch. 12.4 - Prob. 2P Ch. 12.4 - Prob. 3P Ch. 12.4 - Prob. 4P Ch. 12.4 - Prob. 5P Ch. 12.4 - Prob. 6P Ch. 12.4 - Prob. 7P Ch. 12.4 - Prob. 8P Ch. 12.4 - Prob. 9P Ch. 12.4 - Prob. 10P

The optimal order quantity using @RISK. Introduction: Simulation model is the digital prototype of the physical model that helps to forecast the performance of the system or model in the real world.

Solution Summary: The author explains how the simulation model predicts the performance of the system or model in the real world. The optimal order quantity increases when the most likely value increases.

Concept explainers

Videos

To determine: The optimal order quantity using @RISK.

Introduction: Simulation model is the digital prototype of the physical model that helps to forecast the performance of the system or model in the real world.

Want to see the full answer?

Chapter 12 Solutions

The optimal order quantity using @RISK. Introduction: Simulation model is the digital prototype of the physical model that helps to forecast the performance of the system or model in the real world.

Solution Summary: The author explains how the simulation model predicts the performance of the system or model in the real world. The optimal order quantity increases when the most likely value increases.

Concept explainers

Videos

To determine: The optimal order quantity using @RISK. Introduction: Simulation model is the digital prototype of the physical model that helps to forecast the performance of the system or model in the real world.

Want to see the full answer?

Chapter 12 Solutions

To determine: The optimal order quantity using @RISK.

Introduction: Simulation model is the digital prototype of the physical model that helps to forecast the performance of the system or model in the real world.