### [solution] » Please answer questions base on the Sport Obermeyer Ltd Harvard article.HEURISTIC RESUL

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The Question

HEURISTIC RESULTS IF NO PRODUCTION MINIMUMS Style

Seduced

Assault

Electra

Anita

Daphne

Entice

Gail

Isis

Teri

Stephanie Average

4017

2525

2150

3296

2383

1358

1017

1042

1100

1113 S.D.

1113

680

807

2094

1394

496

388

646

762

1048 First period production Qty K= 0 4017

2525

2150

3296

2383

1358

1017

1042

1100

1113

20001 1) Producing average for each style, (k=0) implies first period production quantity is 20001

2) Minimize my risk by forcing first period production quantity = 10,000 (roughly break even for the factories)

3) Produce upto the SAME demand percentile for EACH style

4) Assuming normal distribution, this means producing the average of a style's forecast

minus the same number of standard deviation of that style's forecast

Use Cells F2 and D13 in Goal Seek. Make cell D13 take on the target value of 10,000

#### Solution details

Solution #000121961

##### [solution] » Please answer questions base on the Sport Obermeyer Ltd Harvard article.HEURISTIC RESUL.zip

This paper was answered on 14-Oct-2020

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