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Chapter 12 Problem 13

# Chapter 12 Problem 13 - Unit Cost Per Unit Demand Profit 1...

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Bill Frino MNMK 413P Chapter 12 Problem #13 April 11, 2011 By changing the PortaCom simulation project, here are the results that I came up with. My estimated probability of a loss is .9880. PortaCom Risk Analysis Selling Price per Unit \$500 Administrative Cost \$250,000 Advertising Cost \$300,000 Direct Labor Cost Parts Cost (Uniform Distribution) Lower Upper Smallest Value \$1,000 Random No. Random No. Cost per Unit Largest Value \$500 0.0 0.1 \$43 0.1 0.3 \$44 0.3 0.7 \$45 Demand (Normal Distribution) 0.7 0.9 \$46 Mean 10000 0.9 1.0 \$47 Standard Dev 5500 Simulation Trials Direct Labor Parts First-Year Trial Cost Per

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Unformatted text preview: Unit Cost Per Unit Demand Profit 1 45 \$751.96 11,671 (\$4,015,679) 2 46 \$777.01 10,647 (\$3,989,181) 3 46 \$990.01 3,880 (\$2,629,928) 4 45 \$534.55 5,718 (\$1,004,885) 5 46 \$803.56 4,681 (\$2,186,259) 496 46 \$526.79 4,008 (\$841,758) 497 45 \$783.06 5,791 (\$2,449,734) 498 44 \$914.16 14,199 (\$7,055,180) 499 46 \$661.50 441 (\$641,559) 500 44 \$977.71 16,186 (\$8,994,392) Summary Statistics Mean Profit (\$3,404,206) Standard Deviation \$2,219,689 Minimum Profit (\$11,145,224) Maximum Profit \$3,021,336 Number of Losses 494 Probability of Loss 0.9880...
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Chapter 12 Problem 13 - Unit Cost Per Unit Demand Profit 1...

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