Expansion Strategy and Establishing a Re-Order Point
Purpose of Assignment
This assignment has two cases. The first case is on expansion strategy. Managers constantly have to make decisions under uncertainty. This assignment gives students an opportunity to use the mean and standard deviation of probability distributions to make a decision on expansion strategy. The second case is on determining at which point a manager should re-order a printer so he or she doesn’t run out-of-stock. The second case uses normal distribution. The first case demonstrates application of statistics in finance and the second case demonstrates application of statistics in operations management.
Resources: Microsoft Excel®, Bell Computer Company Forecasts data set, Case Study Scenarios (Please create a text box for each within Microsoft Excel to complete this objective)
Develop a summary in the text boxes based on the Bell Computer Company Forecasts data set and Case Study Scenarios.
Include answers to the following:
Case 1: Bell Computer Company
Case 2: Kyle Bits and Bytes
Click the Assignment Files tab to submit your Microsoft Excel data spreadsheet assignment.