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Data Analysis and Decision Making (with Online Post a question

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A sweatshirt supplier is trying to decide how many sweatshirts to print for the upcoming NCAA
basketball championships. The final four teams have emerged from the quarterfinal round, and
there is now a week left until the semifinals, which are then followed in a couple of days by the
finals. Each sweatshirt costs $10 to produce and sells for $25. However, in three weeks, any My Textbook Solutions
leftover sweatshirts will be put on sale for half price, $12.50. The supplier assumes that the
demand for his sweatshirts during the next three weeks (when interest in the tournament is at its
highest) has the distribution shown in the file P15_14.xlsx. The residual demand, after the
sweatshirts have been put on sale, has the distribution also shown in this file. The supplier, being
a profit maximizer, realizes that every sweatshirt sold, even at the sale price, yields a profit.
However, he also realizes that any sweatshirts produced but not sold (even at the sale price) Data Analysis Business Practical...
and... Analytics
must be thrown away, resulting in a $10 loss per sweatshirt. Analyze the supplier’s problem with
4th Edition 5th Edition 4th Edition
a simulation model.
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Chapter 15, Problem 14P 5 Bookmarks Show all steps: ON

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