Explore BrainMass
Share

Explore BrainMass

    General statistics are assessed

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Could you explain to me how you get the amount in the lost column such as day 1 = 25 etc.?
    Day RN Demand Unsold Lost Profit
    1 52 200 0 25 175*0.2-25*0.1=32.5
    2 6 100 75 0 100*0.2-75*0.3=-2.5
    3 50 200 0 25 175*0.2-25*0.1=32.5
    4 88 250 0 75 175*0.2-75*0.1=27.5
    5 53 200 0 25 175*0.2-25*0.1=32.5

    © BrainMass Inc. brainmass.com October 10, 2019, 2:53 am ad1c9bdddf
    https://brainmass.com/business/business-math/general-statistics-assessed-398385

    Solution Preview

    Hi,

    Please find below explanation to your question.

    The simulation deals with simulating profit outcome for the stocking policy of 175 units. The simulation deals with Newsboy or News-vendor problem. The problem deals ...

    Solution Summary

    Solution shows step by step explanation and calculations.

    $2.19