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Management Studies

Create a worksheet similar to the inventory worksheet in Figure 16.10. Include columns showing demand, sales, revenue from sales, amount of surplus, revenue from sales of surplus, total cost, and net profit. Use your worksheet to simulate the sales of the Freddy doll using a production quantity of 60,000 units. Using 500 simulation trials, what is the estimate of the mean profit associated with the production quantity of 60,000 dolls?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M9696567

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