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Ski Jacket Production Review @Risk interactive tutorial "@Risk Quick Start".
Ski Jacket ProductionReview @Risk interactive tutorial “@Risk Quick Start”. (To do this, open @Risk and go to Help; select Welcome to @Risk; a new window will open where you should select Quick Start to see the tutorial.)Study the case 15.1 (Ski Jacket Production) on p.985 of AWZ.Compute descriptive statistics for the demand estimated by 12 Egress employees (Table 15.2)In @Risk, fit Normal, Uniform, Exponential, and Triangular distributions to the demand on ski jacketsIn @Risk, use Normal distribution to simulate the demand for ski jackets for the upcoming season. In @Risk, use Triangular distribution to simulate the demand. Designate both demands as outputsRun 10,000 iterations using initial seed of 1234Examine the output (graphical and Excel reports) from @Risk Download Attachments: Notes on Distributions.pdf simulation case pic.jpg simulation pic 2.jpg SkiJacket Data Quiz.xlsx SkiJacket Model Setup.xlsxAdditional Requirements Other Requirements: MUST SHOW ALL WORKSki Jacket ProductionReview @Risk interactive tutorial “@Risk Quick Start”. (To do this, open @Risk and go to Help; select Welcome to @Risk; a new window will open where you should select Quick Start to see the tutorial.)Study the case 15.1 (Ski Jacket Production) on p.985 of AWZ.Compute descriptive statistics for the demand estimated by 12 Egress employees (Table 15.2)In @Risk, fit Normal, Uniform, Exponential, and Triangular distributions to the demand on ski jacketsIn @Risk, use Normal distribution to simulate the demand for ski jackets for the upcoming season. In @Risk, use Triangular distribution to simulate the demand. Designate both demands as outputsRun 10,000 iterations using initial seed of 1234Examine the output (graphical and Excel reports) from @RiskALSO:Study the case 15.1 (Ski Jacket Production) on p.985 of AWZ.Instead of using the demand estimated by 12 Egress employees (Table 15.2) and assuming a normal distribution, the four sales account managers were asked for their estimates of potential sales. The results are presented in the table below.RegionSmallest salesMost likely salesHighest sales130004000800022000400050003150020003500450010001500Develop a simulation model for Egress, Inc.Write a management report (using the required format) suggesting and justifying an appropriate recommendation to the board. FORMATFormat of a Management Report for Case AnalysisExecutive SummaryThis section should appear on a separate page at the beginning of the report. It should be limited to a maximum of 200 words and give a very brief summary of the background, the problem, the method of analysis and the recommendations. Please note that this summary must have all four of these elements. BackgroundIn this section, the context of the problem and the current situation is described from the case. Only the essential details should be covered and this section should NOT be a synopsis of the case. This section should be limited to a maximum of 250 words.ProblemA succinct statement of the problem/ dilemma/ issue should be stated here. Be careful to identify the real problem and not the symptoms of the problem.AnalysisThis is the most important section of the report. A clear, step-by-step description of how the data in the case was analyzed should be given. Technical terms should be kept to a minimum as the focus is on producing a document that can be understood by management. Details of calculations and the technical details of the analysis should be appended to the report (usually in the form of Excel spreadsheets). Summary tables and graphs may be used within this section to illustrate the important results of the analysis. It is important to cite any references in the text to support your analysis.Conclusions and RecommendationsIn this section, the recommended solution to the problem or resolution of the dilemma should be presented. The reason for the recommendation should be justified and the implications of the solution articulated. Be sure that your recommendations are related to the stated problem and avoid going off at tangents.BibliographyA list of the books, articles, websites, software etc. consulted or used in understanding the situation, writing the report and generating the solution should be presented. These references should be in APA format. (A great deal of time can be saved by using EndNote for this purpose. This software is available free to students from the NSU library website. It can be installed as an MS Word add-in and the “cite while you write” function used to create in-text references and the list of references in the correct format.)AppendicesThe detailed workings and calculations used should be presented here and referred to at the appropriate place in the text so that readers (i.e. managers) who require details can determine where they are located. These will usually take the form of MS Excel spreadsheets or other outputs from any software used. The most convenient way to do this is to imbed these files into the report as this will enable you to submit a single file for the assignment/ case analysis. [In MS Word this can be achieved by selecting the Insert tab (second from the left), then Object (second last block), click “Create from File”, browse for the correct file, click “Display as Icon” and then press OK.]
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