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5. Use Risk Solver Platform to simulate the Outsourcing Decision-(Answered)

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5. Use Risk Solver Platform to simulate the Outsourcing Decision Model under the assumptions that the production volume will be triangular with a minimum of 800, maximum of 1700, and most likely value of 1400 and that the unit supplier cost is normally distributed with a mean of 175 and a standard deviation of $12. Find the probability that outsourcing will result in the best decision.

 

Paper#9209677 | Written in 27-Jul-2016

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