Question
In: Statistics and Probability
Galaxy Co. distributes wireless routers to Internet service providers. Galaxy procures each router for $75 from...
Galaxy Co. distributes wireless routers to Internet service providers. Galaxy procures each router for $75 from its supplier and sells each router for $125. Monthly demand for the router is a normal random variable with a mean of 100 units and a standard deviation of 20 units. At the beginning of each month, Galaxy orders enough routers from its supplier to bring the inventory level up to 100 routers. If the monthly demand is less than 100, Galaxy pays $15 per router that remains in inventory at the end of the month. If the monthly demand exceeds 100, Galaxy sells only the 100 routers in stock. Galaxy assigns a shortage cost of $30 for each unit of demand that is unsatisfied to represent a loss-ofgoodwill among its customers. Management would like to use a simulation model to analyze this situation. Perform the simulation for 1000 times, what is the average monthly profit resulting from its policy of stocking 100 routers at the beginning of each month? Need clear explanation with formulas.
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orchestra answered 2 years agoRelated Solutions
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Galaxy Co. distributes wireless routers to Internet service
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normal random variable with a mean of 100 units and a standard
deviation of 20 units. At the beginning of each month, Galaxy
orders enough routers from its supplier to bring the inventory
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Rotelco is one of the largest digital wireless service providers in the United States. In a...
Rotelco is one of the largest digital wireless service providers
in the United States. In a recent year, it had approximately 100
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Cost of revenue
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Selling, general, and administrative expenses
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Depreciation
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Assume that 70% of the cost of revenue and 30% of the selling,
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a....
Rotelco is one of the largest digital wireless service providers in the United States. In a...
Rotelco is one of the largest digital wireless service providers
in the United States. In a recent year, it had approximately 100
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follows:
Cost of revenue
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Selling, general, and administrative expenses
8,800
Depreciation
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Assume that 70% of the cost of revenue and 30% of the selling,
general, and administrative expenses are variable to the number of
direct subscribers (accounts).
a....
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Rotelco is one of the largest digital wireless service providers
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Cost of revenue
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Selling, general, and administrative expenses
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"The random sample of wait times."
41
5.7
2.3
10.3
3.4
3.8
0.4
7.4
4.4
5.1
4.7
2.6
3.7
9.6
6.6
5.4
4.7
0.3
2.9...
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