StylesE Convert lo SmartArt-kasagapnDIWING8. Consider a supply chain where a mamufacturer sells to a distributor who sells to a wholesaler whosells to a retailer. Last month, the retailer's weekly variance of demand was 4000 units. The weeklyvariance of orders was 5000: 8000; 12,000; and 17,000 units for the retailer, wholesaler, distributor,and manufacturer, respectively. (Note that the variance of orders equals the variance of demand forthat firm's supplier.) (8 Points)a) Calculate the bullwhip measure for the retailer.b) Calculate the bullwhip measure for the wholesaler.

Bullwhip Measure = Variance in Order / Variance in Demand Variance in Demand for Retailer = 4000…

Answered: 8. Consider a supply chain where a…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter10: Introduction To Simulation Modeling

Section10.5: Introduction To @risk

Problem 19P: In Problem 12 of the previous section, suppose that the demand for cars is normally distributed with...

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Referring to Example 11.1, if the average bid for each competitor stays the same, but their bids exhibit less variability, does Millers optimal bid increase or decrease? To study this question, assume that each competitors bid, expressed as a multiple of Millers cost to complete the project, follows each of the following distributions. a. Triangular with parameters 1.0, 1.3, and 2.4 b. Triangular with parameters 1.2, 1.3, and 2.2 c. Use @RISKs Define Distributions window to check that the distributions in parts a and b have the same mean as the original triangular distribution in the example, but smaller standard deviations. What is the common mean? Why is it not the same as the most likely value, 1.3?
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