Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

How to get analytic solver platform in excel

18/10/2021 Client: muhammad11 Deadline: 2 Day

Simulation Using Analytic Solver Platform

Assignments: It is strongly recommended that you create a separate file for each of these problems in order to avoid that the simulation runs interfere with each other. For all problems, run 5000 trials.

Solve the following problems in Excel using Excel add-in- ‘analytical solver platform’ (due Thursday, oct 29th)

Q. 11. The owner of a ski apparel store in Winter Park, Colorado must make a decision in July regarding the number of ski jackets to order for the following ski season. Each ski jacket costs $54 each and can be sold during the ski season for $145. Any unsold jacket at the end of the season are sold for $45. The demand for jackets is expected to follow a Poisson distribution with an average rate of 80. The store owner can order jackets in lot sizes of 10 units.

a. How many jackets should the store owner order if she wants to maximize her expected profit?

b. What are the best-case and worst-case outcomes the owner may face on this product if she implements your suggestion?

c. How likely is it that the store owner will make at least $7,000 if she implements your suggestion?

d. How likely is it that the store owner will make between $6,000 and $7,000 if she implements your suggestion?

Hints:

a. Solve as a combination of simulation/optimization. The following functions will help with this problem (you may need others also which you have used before): PsiPoisson (see page 577) Psimin and Psimax (see pages 602-603); Psitarget (see page 596). 17 pts

b. Solve without an optimization. Instead, build a model and vary the order quantity in between 50, 60, 70, 80, 90, 100, 110 using the PsiSimParam function as discussed in section 12.14.2. Create a table similar to Figure 12.22. Answer all questions and discuss in case you find differences to your solution in part a). 15 pts

Q.17. Lynn Price recently completed her MBA and accepted a job with an electronics manufacturing company. Although she lilkes her job, she is also looking forward to retiring one day. To ensure that her retirement is comfortable, she intends to invest $3,000 of her salary into a tax-sheltered retirement fund at the end of each year. Lynn is not certain what rate of return this investment will earn each year, but she expects each year's rate of return could be modeled appropriately as a normally distributed random variable with a mean of 12.5% and standard deviation of 2%.

a. If Lynn is 30 years old now, how much money should she expect to have in her retirement fund at age 60?

b. Construct a 95% confidence interval for the average amount Lynn will have at age 60.

c. What is the probability that Lynn will have more than $1 million in her retirement fund when she reaches age 60?

d. How much should Lynn invest each year if she wants there to be a 90% chance of having at least $1 million in her retirement fund at age 60?

e. Suppose Lynn contributes $3,000 annually to her retirement fund for eight years and then terminates her annual contributions. How much of her salary would she have contributed to this retirement plan and how much money could she expect to have accumulated at age 60?

f. Now suppose that Lynn contributes nothing to her retirement fund for eight years and then begins contributing $3,000 annuallly until age 60. How much of her salary would she have contributed to this retirement plan, and how much money could she expect to have accumulated at age 60?

g. What should Lynn (and you) learn from the answers to questions e and f?

Hints: Part d) is similar to last week – try different values, explain what you did and provide answers. Show a new model for e) and f. 25 pts. For the interest calculation, assume that there is no interest in the first year (when she is 30) just the addition of $3000. Year "60" is the last year where funds and interest are added.

Note : All solutions need to be done in excel using ‘Analytical solver platform’.

Assignments: It is strongly recommended that you create a separate file for each of these problems in order to avoid that the simulation runs interfere with each other. For all problems, run 5000 trials.

Solve the following problems in Excel using Excel add-in- ‘analytical solver platform’ (due Thursday, oct 29th)

Q. 11. The owner of a ski apparel store in Winter Park, Colorado must make a decision in July regarding the number of ski jackets to order for the following ski season. Each ski jacket costs $54 each and can be sold during the ski season for $145. Any unsold jacket at the end of the season are sold for $45. The demand for jackets is expected to follow a Poisson distribution with an average rate of 80. The store owner can order jackets in lot sizes of 10 units.

a. How many jackets should the store owner order if she wants to maximize her expected profit?

b. What are the best-case and worst-case outcomes the owner may face on this product if she implements your suggestion?

c. How likely is it that the store owner will make at least $7,000 if she implements your suggestion?

d. How likely is it that the store owner will make between $6,000 and $7,000 if she implements your suggestion?

Hints:

a. Solve as a combination of simulation/optimization. The following functions will help with this problem (you may need others also which you have used before): PsiPoisson (see page 577) Psimin and Psimax (see pages 602-603); Psitarget (see page 596). 17 pts

b. Solve without an optimization. Instead, build a model and vary the order quantity in between 50, 60, 70, 80, 90, 100, 110 using the PsiSimParam function as discussed in section 12.14.2. Create a table similar to Figure 12.22. Answer all questions and discuss in case you find differences to your solution in part a). 15 pts

Q.17. Lynn Price recently completed her MBA and accepted a job with an electronics manufacturing company. Although she lilkes her job, she is also looking forward to retiring one day. To ensure that her retirement is comfortable, she intends to invest $3,000 of her salary into a tax-sheltered retirement fund at the end of each year. Lynn is not certain what rate of return this investment will earn each year, but she expects each year's rate of return could be modeled appropriately as a normally distributed random variable with a mean of 12.5% and standard deviation of 2%.

a. If Lynn is 30 years old now, how much money should she expect to have in her retirement fund at age 60?

b. Construct a 95% confidence interval for the average amount Lynn will have at age 60.

c. What is the probability that Lynn will have more than $1 million in her retirement fund when she reaches age 60?

d. How much should Lynn invest each year if she wants there to be a 90% chance of having at least $1 million in her retirement fund at age 60?

e. Suppose Lynn contributes $3,000 annually to her retirement fund for eight years and then terminates her annual contributions. How much of her salary would she have contributed to this retirement plan and how much money could she expect to have accumulated at age 60?

f. Now suppose that Lynn contributes nothing to her retirement fund for eight years and then begins contributing $3,000 annuallly until age 60. How much of her salary would she have contributed to this retirement plan, and how much money could she expect to have accumulated at age 60?

g. What should Lynn (and you) learn from the answers to questions e and f?

Hints: Part d) is similar to last week – try different values, explain what you did and provide answers. Show a new model for e) and f. 25 pts. For the interest calculation, assume that there is no interest in the first year (when she is 30) just the addition of $3000. Year "60" is the last year where funds and interest are added.

Note : All solutions need to be done in excel using ‘Analytical solver platform’.

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Academic Mentor
Assignment Solver
Finance Professor
Top Rated Expert
Professor Smith
Professional Accountant
Writer Writer Name Offer Chat
Academic Mentor

ONLINE

Academic Mentor

As an experienced writer, I have extensive experience in business writing, report writing, business profile writing, writing business reports and business plans for my clients.

$43 Chat With Writer
Assignment Solver

ONLINE

Assignment Solver

I have done dissertations, thesis, reports related to these topics, and I cover all the CHAPTERS accordingly and provide proper updates on the project.

$41 Chat With Writer
Finance Professor

ONLINE

Finance Professor

I can assist you in plagiarism free writing as I have already done several related projects of writing. I have a master qualification with 5 years’ experience in; Essay Writing, Case Study Writing, Report Writing.

$43 Chat With Writer
Top Rated Expert

ONLINE

Top Rated Expert

I can assist you in plagiarism free writing as I have already done several related projects of writing. I have a master qualification with 5 years’ experience in; Essay Writing, Case Study Writing, Report Writing.

$45 Chat With Writer
Professor Smith

ONLINE

Professor Smith

I can assist you in plagiarism free writing as I have already done several related projects of writing. I have a master qualification with 5 years’ experience in; Essay Writing, Case Study Writing, Report Writing.

$30 Chat With Writer
Professional Accountant

ONLINE

Professional Accountant

I find your project quite stimulating and related to my profession. I can surely contribute you with your project.

$40 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

What is the mass of caco3 - Leading the Process of Organizational Change - Beaumont private breast clinic - Why are bryophytes considered incompletely liberated from their ancestral aquatic habitat? - Paper(NCm) - Burger king corporation case study - Solivia 2.5 solar inverter - Clear expectations establish accountabilities - Need help with stats homework - 4 bit sequence detector - Mafs 912 g co 3.9 answers - Fedex ground hr intranet reward & recognition - ASSIGNMENT - Consecutive interpreting note taking symbols - Fad examples in fashion - Malware Protection Procedure - Common equity tier 1 calculation - Tina jones musculoskeletal assessment - What is a corrie - Functional relationship aba graph - Ontario graduate scholarship guelph - Critical thinking self assessment - Economic from the ground up answers - HR 1 - Java craps game using methods - Questions & Answers - Anth response - 750-1000 words - Seebeck coefficient measurement setup - Xtm air compressor 160 lpm 150 psi review - Phd in it university of cumberlands - Phở sắc st albans - The first task of most persuasive messages is to - Wall street journal overprotected american child - Global food and wine townsville - I 130 cover letter - Snhu mission statement - Uncommon collegiate charter high school - Two discussions due today before 11:59 pm - System analysis and design - Quickbooks new client checklist - Shouts and murmurs submissions word count - Fell past tense and past participle - Danish shoe company based in bredebro denmark - Research Paper - Investing and Streaming Dreams - Health Care Delivery System SLP 1 - Rpc style web service example - Need 600+ words with no plagarism and 2+ scholarly references - What is the distance between moab and bethlehem - Sterling integrator certification cost - How to find square root of 1681 - How aura scanner works - Overloading a binary operator as a member requires two arguments. - Rcpa trainee handbook administrative requirements - All about me speech examples - Three job tasks of a forensic toxicologist - Who are uber's main stakeholders - Congruent triangles khan academy - Trb register of teachers - Cases in financial management stretcher solutions - Code 61 62 flange dimensions - Helen watanabe o kelly - Old mutual education plan pdf - Appeal to fear fallacy commercial - Specialty comparison - Chlorsig eye drops australia - Ethical and religious directives for catholic health care services 2016 - E2bn myths and legends - Bupa care home outwood - Reflection and Discussion Forum Week 4 - Alpha chiang elements of dynamic optimization - Mission - Integer sequences should you believe in patterns - Emc connectrix ds 300b - Dr margaret bean bayog today - Data science methodology for emails - Glo bus quiz one answers - 550 sender's policy prohibits this message quarantine - Mdc edu virtual college - Job in france babylangues - Closure in lesson plan - Write a class named employee that has the following fields - Using currents to sail around the world - Treeplan student 179 excel add in - What are the advantages and disadvantages of easily obtainable information - Siemens rcr10 433 installation manual - Kouzes and posner the leadership challenge pdf - Betta grower mt waverley - 115 mm to inches - Is s3 amazonaws com safe - Nc rules for writers launchpad custom 9th edition - Teaching plan for congestive heart failure - Ehl online interview questions - Skillswise subject verb agreement - Edinburgh napier student portal - Which object converts wind power into electricity - Swanswell charitable trust jobs - Cbc bearings power transmission - Template for a will