Find the distribution of profit for order quantities

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Reference no: EM131147165

Use the Newsvendor Model spreadsheet to set up and run a Monte Carlo simulation assuming that demand is Poisson with a mean of 45 but a minimum value of 40 (use the lower cutoff parameter in the distribution dialog). Find the distribution of profit for order quantities of 40, 45, and 50.

Reference no: EM131147165

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