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Forecasting

Date Posted: 24/04/2020
Category: Mathematics
Due Date: 28/04/2020
Instruction
Instruction The manager of the PK Village convenience store, wants to evaluate the financial implications of a change in the replenishment policy for the automotive engine coolant product. She wants to consider two additional scenarios: a. Increase the order quantity to 350 units. b. Increase the order quantity to 450 units. NOTE: Use the file WB10.xlsx as a base. Submit the Excel file with your calculations, along with a Word file with your comments. 2. The manager of the PK Village convenience store, believes that she can reduce the variability of demand. She wants to consider a Triangular Probability Distribution with a most likely value of 20 units per day, a minimum of 12 and a maximum of 25. Submit the Excel file with your calculations, along with a Word file with your comments.
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    tutor4U_d_971 | Apr 25, 2020, 09:12 AM
  • Uploaded. Kindly confirm.
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  • Could you do another part of this for bonus? Ami Patel, the manager of the PK Village convenience store, would like to consider a proposal from the engine coolant supplier that reduces lead-time by two days. This will result in a small increase in price that Ami cannot pass to consumers. Estimate, under the current replenishment policy and demand distribution, what Ami should consider as maximum price increase.Submit the Excel file with your calculations, along with a Word file with your recommendations to Ami.
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