Question 2 430 points) As the aamer of IMSE MSDA Productions You plan to sel you

Question

Question 2 430 points) As the aamer of IMSE MSDA Productions You plan to sel your procuct dunng the Opern House weekend which consists cf 3Cayse: You esomate the demand eat day to have a rcrmal distribution with -and -2. Each product cos: ycu S20 to make and e ch gels for $40 wever, you carnat sel the product after the Open House weckend and sach ursald proctct have to be diescarded at an addtional cost l) of $10 due to the EPA reguistion and the hazardous materials that you use. Mcrecegr you need to make al your preducts anead af the three days event a) How many products shsl you maks? Is t an optimal scluion? B) Belatedy you found cut that the saksa ding e enire three das folkow the speclic Demand esr dav:Proabl 02 12 15 T8 0 15 0 15 010 0.10 0.05 b1) How many products shoukd yau make now? b2) M you decided to make 12 products, cxactly i) Find your Service Level Type i) Find your Service Level Type

Explanation / Answer

A M mean 4 B No of Sales Prob Cumm Prob So std dev 2 1 0.2 0.2 P Price 40 4 0.25 0.45 This is the limit C Cost 20 6 0.15 0.6 V Salvage value -10 9 0.15 0.75 Cu Cost of Underage 20 P-C 12 0.1 0.85 Co Cost of Overage 30 C-V 15 0.1 0.95 Cr Cu/(Cu+Co) 0.4 18 0.05 1 So daily no of sales 3.493306 Ans A 3 day sale requirement 10.47992 So Cr 0.4 So units produced 10 Ans A So sales per day 4 So sales for 3 days 12 If 12 units Service level is 0.85 As is the cumm prob

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