Assignment
Resources: Microsoft Excel, Bell Computer Company Forecasts data set, Case Study Scenarios
Write a 600-word report based on the selected case from the Bell Computer Company Forecasts data set and Case Study Scenarios.
Include answers to the following:
Case 1: Bell Computer Company
• Compute the expected value for the profit associated with the two expansion alternatives. Which decision is preferred for the objective of maximizing the expected profit?
• Compute the variation for the profit associated with the two expansion alternatives. Which decision is preferred for the objective of minimizing the risk or uncertainty?
Case 2: Kyle Bits and Bytes
What should be the re-order point? How many HP laser printers should he have in stock when he re-orders from the manufacturer? For this case, the probability approach to setting safety stock is used. You will review other methods of setting safety stock in OPS/571, for example, the fixed order quantity method utilizes continuous monitoring of inventory levels and when the level drops below the reorder point, a new order is placed. Due to continuous monitoring this usually results in lower amount of safety stock. Do not use the fixed order quantity method for this case.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.
Attachment:- Bell-Computer-Company-Case.rar