A B C D E F G H I J

1 Par-for-the-Course Golf Clubs -- Part A

2
3 May June July August September October
4 Min 30
Triangular
5 Most Likely 50 Same as Period 1
Demand
6 Max 90
7
8 May June July August September October Cost Decrease
9 Per Unit Cost $75 $71.25 $67.69 $64.30 $61.09 $58.03 0.05
10 Financial Sales Price $145 $140 $130 $110 $80 $60
11 Data Salvage Value $45
12 Given Info Computations
13 May June July August September October
14 Beginning Inventory 0 0 6 13 30 20
15 Order Quantity 50 50 50 50 50 50
16 Supply 50 50 56 63 80 70
17 Demand 49.533 43.686 43.156 32.926 59.852 40.647
18 Rounded Demand 50 44 43 33 60 41
19 Sales 50 44 43 33 60 41
20 Ending Inventory 0 6 13 30 20 29
21
22 Cost ($19,868)
23 Total Sales Revenue $29,890
Financial
24 Data Salvage Revenue $1,305
25 Total Profit $11,327
26 # Months Ending with Inventory of 0 1.000
27
28 CUSTOMIZED SIMULATION RESULTS
29 Monthly Order Quantity Q 50 55 60 65 70 75
30 Simulation # 1 2 3 4 5 6
31 Mean $12,965 $13,664 $13,900 $13,735 $13,317 $12,776
32 Std Dev $504 $973 $1,475 $1,853 $2,064 $2,163
33 Maximum $13,382 $14,720 $16,058 $17,396 $18,735 $20,043
34 Profit Minimum $8,832 $8,195 $7,558 $6,921 $6,285 $5,648
35 Downside Risk: Pr{Profit $11,000} 0.00996 0.02124 0.04350 0.08100 0.13736 0.21222
36 Upside Potential: Pr{Profit > $13,000} 0.63862 0.79262 0.74050 0.65608 0.55936 0.45454
37 5-th Percentile $11,927 $11,650 $11,113 $10,516 $9,890 $9,253
38 # Months Ending Mean 3.591 2.251 1.197 0.565 0.262 0.121
39 with 0 Pr{# Months > 1} 0.89374 0.63658 0.33746 0.13378 0.04260 0.01088