830 likes | 1.14k Views
The McGraw-Hill Companies, Inc., 2008. 13.2. Freddie the Newsboy. Freddie runs a newsstand in a prominent downtown location of a major city.Freddie sells a variety of newspapers and magazines. The most expensive of the newspapers is the Financial Journal.Cost data for the Financial Journal:Fred
E N D
1. © The McGraw-Hill Companies, Inc., 2008 13.1 Table of ContentsChapter 13 (Computer Simulation with Crystal Ball) A Case Study: Freddie the Newsboy’s Problem (Section 13.1) 13.2–13.18
Bidding for a Construction Project (Section 13.2) 13.19–13.23
Project Management: Reliable Construction Co. (Section 13.3) 13.24–13.31
Cash Flow Management: Everglade Golden Years Co. (Section 13.4) 13.32–13.36
Financial Risk Analysis: Think-Big Development Co. (Section 13.5) 13.37–13.41
Revenue Management in the Travel Industry (Section 13.6) 13.42–13.47
Choosing the Right Distribution (Section 13.7) 13.48–13.67
Decision Making with Decision Tables (Section 13.8) 13.68–13.83
2. © The McGraw-Hill Companies, Inc., 2008 13.2 Freddie the Newsboy Freddie runs a newsstand in a prominent downtown location of a major city.
Freddie sells a variety of newspapers and magazines. The most expensive of the newspapers is the Financial Journal.
Cost data for the Financial Journal:
Freddie pays $1.50 per copy delivered.
Freddie charges $2.50 per copy.
Freddie’s refund is $0.50 per unsold copy.
Sales data for the Financial Journal:
Freddie sells anywhere between 40 and 70 copies a day.
The frequency of the numbers between 40 and 70 are roughly equal.
3. © The McGraw-Hill Companies, Inc., 2008 13.3 Spreadsheet Model for Applying Simulation