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Use the Information Below to Answer the Following Question(s) We Assume That the Production (Demand)volume Is Normally Distributed with the Following

question 21

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Use the information below to answer the following question(s) .
Consider the following spreadsheet for an outsourcing decision model.
1  A  B 2 Outsourcing Decision Model 3 Data 45 Manufactured in-house 6 Fixed cost $60,0007 Unit variable cost $13089 Purchased from supplier 10 Unit cost $1801112 Demand volume $1,6001314 Model 1516 Total manufacturing cost 17 Total purchased cost 1819 Difference 20 Decision \begin{array} { | l | l | l | } \hline 1 & \ { \text { A } } & \text { B } \\\hline 2 & \text { Outsourcing Decision Model } & \\\hline 3 & \text { Data } & \\\hline 4 & & \\\hline 5 & \text { Manufactured in-house } & \\\hline 6 & \text { Fixed cost } & \$ 60,000 \\\hline 7 & \text { Unit variable cost } & \$ 130 \\\hline 8 & & \\\hline 9 & \text { Purchased from supplier } & \\\hline 10 & \text { Unit cost } & \$ 180 \\\hline 11 & & \\\hline 12 & \text { Demand volume } & \$ 1,600 \\\hline 13 & & \\\hline 14 & \text { Model } & \\\hline 15 & & \\\hline 16 & \text { Total manufacturing cost } & \\\hline 17 & \text { Total purchased cost } & \\\hline 18 & & \\\hline 19 & \text { Difference } & \\\hline 20 & \text { Decision } & \\\hline\end{array}
We assume that the production (demand) volume is normally distributed with a mean of 1,000 and a standard deviation of 100.For the unit cost, select the triangular distribution.It has a minimum value of $150, most likely value of $165, and a maximum value of $190.The number of trials per simulation is equal to 5,000 at a Sim.Random Seed of 1.Run the simulation and answer the following question(s) using the Risk Solver Platform.
-What is the expected loss determined from the simulation results?


Definitions:

Nissl Bodies

Structures found in nerve cells, involved in protein synthesis and recognized by their dark staining with basic dyes.

Ependymal Cells

Glial cells lining the ventricles in the brain and the central canal of the spinal column, involved in producing cerebrospinal fluid.

Neuroglial Cell

Non-neuronal cell in the nervous system that supports, protects, and nourishes neurons; also known as glial cell.

Cuboidal Shape

Describes cells that are roughly cube-shaped, with a width approximately equal to their height.

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