ANKUR SHARMA (21113007)

Purchased price(ce 33
Selling price(cents) 50 Demand
Scrap price(cents) 5 40
Lot size 50 50
60
70
80
90
100

Commulati
Demand Good Fair Poor Good
40 0.03 0.1 0.44 0.03
50 0.05 0.18 0.22 0.08
60 0.15 0.4 0.16 0.23
70 0.2 0.2 0.12 0.43
80 0.35 0.08 0.06 0.78
90 0.15 0.04 0 0.93
100 0.07 0 0 1

SIMU
Days R1 Types of newspaper R2 Demand
1 62 FAIR 3 40
2 95 POOR 86 70
3 97 POOR 7 40
4 37 FAIR 95 80
5 91 POOR 39 40
6 13 GOOD 99 100
7 23 GOOD 64 80
8 40 FAIR 78 70
9 78 FAIR 57 60
10 44 FAIR 31 60
11 2 GOOD 49 80
12 77 FAIR 58 60
13 6 GOOD 19 60
14 96 POOR 28 40
15 68 FAIR 49 60
16 57 FAIR 17 50
17 29 GOOD 85 90
18 74 FAIR 32 60
19 64 FAIR 8 40
20 8 GOOD 78 80
 Demand probability distribution
Good Fair Poor
0.03 0.1 0.44
0.05 0.18 0.22
0.15 0.4 0.16
0.2 0.2 0.12
0.35 0.08 0.06
0.15 0.04 0
0.07 0 0

Commulative probability
Fair Poor Good
0.1 0.44 1
0.28 0.66 4
0.68 0.82 9
0.88 0.94 24
0.96 1 44
1 1 79
1 1 94

SIMULATION TABLE
Revenue from sales Lost profit from excess demand Salvage from sale of scraps
20 0 0.5
25 3.4 0
20 0 0.5
25 5.1 0
20 0 0.5
25 8.5 0
25 5.1 0
25 3.4 0
25 1.7 0
25 1.7 0
25 5.1 0
25 1.7 0
25 1.7 0
 20 0 0.5
25 1.7 0
25 0 0
25 6.8 0
25 1.7 0
20 0 0.5
25 5.1 0
475 52.7
 Type of newsdays Probability Commulative Probability Range
Good 0.35 0.35 1
Fair 0.45 0.8 36
Poor 0.2 1 81

Random digit assignment

ood Fair Poor
3 1 10 1 44
8 11 28 45 66
23 29 68 67 82
43 69 88 83 94
78 89 96 95 99
93 96 99 99 100
99 100 100 100 100

Daily Cost Daily Profit

13.2 7.3
16.5 5.1
13.2 7.3
16.5 3.4
13.2 7.3
16.5 0
16.5 3.4
16.5 5.1
16.5 6.8
16.5 6.8
16.5 3.4
16.5 6.8
16.5 6.8
13.2 7.3
16.5 6.8
16.5 8.5
16.5 1.7
16.5 6.8
13.2 7.3
16.5 3.4
111.3
Range
35
80
99