Business, 09.03.2020 20:42 jcastronakaya

Build up your descriptive model for the all‐unit quantity discount contract and show the following two measures: (i) Hastings Sportswear’s profit and (ii) Global‐Fashion’s profit. For a given actual demand of 900 and a given quantity ordered by Hastings Sportswear of 1200 , if the descriptive model is built correctly, then Hastings Sportswear’s and Global‐Fashion’s profit will be $17,100 and $44,400, respectively. Input the random number to generate the actual demand and build up your simulation model to answer the following questions: Under the all‐unit quantity discount contract, what is Hastings Sportswear’s optimal ordering quantity? What would be the expected profits for Hastings Sportswear and Global‐Fashion (the expected profit estimation should be based on the average profit of 100,000 simulation runs)? Comparing to the wholesale contract, should Global‐Fashion offer the all‐unit quantity discount contract?

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Build up your descriptive model for the all‐unit quantity discount contract and show the following t...