1. Practical Management Science Winston Albright Solutions Manual
2. Practical Management Science 6th Edition

The sensitivity analysis in the Quality Sweaters example was on the response rate. Suppose now that the response rate is known to be 8%, and the company wants to perform a sensitivity analysis on the number mailed. After all, this is a variable under direct control of the company. Create a one-way data table and a corresponding line chart of profit versus the number mailed, where the number mailed varies from 80,000 to 150,000 in increments of 10,000. Does it appear, from the results you see here, that there is an optimal number to mail, from all possible values, that maximizes profit? Write a concise memo to management about your results.

Measure how profit (a key output) changes according to the number of mailings. For this model the given response rate is 8% (an input) and the number mailed (a decision variable) changes by 10,000, from 80,000 to 150,000. Create a “one way” data table, that permits you to see how an output varies as the input varies, using the following steps: 1. Create a list of variable numbers mailed:. Copy or type the label “Number mailed” into a new cell in column A.

Skip the next row in column A. Enter the values of the variable, each on a separate line in the column, beginning with 80,000 and changing by increments of 10,000 until it ends with 150,000. Create a column for various outputs of profit:. Copy or type the label “Profit” into a new cell, to the right of the “Number mailed” label, in column B. In the next row of column B, under the label “Profit”, enter the formula “=Profit”; it should return $17,400.

Input profit values using the Data Table function:. Select all the cells in column A and B, beginning with the blank line in column A and ending with the blank cell adjacent to the value “150,000”. Click on What-if Analysis on the Data Ribbon, and then select Data Table. 2003 30 hp yamaha service manual. Put the cursor in the “column output” field, click the shrink button, and click on the value cell (100000) to the right of the label “Number mailed”; hit the “enter” key, then click “OK”. Clicking on the value of Number mailed places the variable values of Numbermailed (just created) into the formula that uses that cell as a value. Your data table should look like this, with these values.

Use the data table to render a graphic display, or chart, to analyze the sensitivity of profit to the change in number of mailings. To create a line chart perform the following steps: 1. Select the data to be charted, to include only the numbers in both columns, specifically the numbers mailed and their corresponding profit; in the above chart lines 36 through 43 of both columns A and B would be selected.

Practical Management Science Winston Albright Solutions Manual

Use the Insert ribbon to select the line chart. Modify the chart in the wizard options to change the x- and y-axis, legend, title, series, and range; your chart should look similar to this example. What are Chegg Study step-by-step Practical Management Science 5th Edition Solutions Manuals? Chegg Solution Manuals are written by vetted Chegg 1 experts, and rated by students - so you know you're getting high quality answers. Solutions Manuals are available for thousands of the most popular college and high school textbooks in subjects such as Math, Science (, ), Engineering (, ), and more. Understanding Practical Management Science 5th Edition homework has never been easier than with Chegg Study. Why is Chegg Study better than downloaded Practical Management Science 5th Edition PDF solution manuals?

Practical Management Science 6th Edition

It's easier to figure out tough problems faster using Chegg Study. Unlike static PDF Practical Management Science 5th Edition solution manuals or printed answer keys, our experts show you how to solve each problem step-by-step. No need to wait for office hours or assignments to be graded to find out where you took a wrong turn. You can check your reasoning as you tackle a problem using our interactive solutions viewer. Plus, we regularly update and improve textbook solutions based on student ratings and feedback, so you can be sure you're getting the latest information available.

How is Chegg Study better than a printed Practical Management Science 5th Edition student solution manual from the bookstore? Our interactive player makes it easy to find solutions to Practical Management Science 5th Edition problems you're working on - just go to the chapter for your book.

Hit a particularly tricky question? Bookmark it to easily review again before an exam.

The best part? As a Chegg Study subscriber, you can view available interactive solutions manuals for each of your classes for one low monthly price. Why buy extra books when you can get all the homework help you need in one place?