# Expansion Strategy and Establishing a Re-Order Point, statistics homework help

*label*Mathematics

*timer*Asked: May 4th, 2017

*account_balance_wallet*$30

### Question Description

**Purpose of Assignment**** **

This assignment has two cases. The first case is on expansion strategy. Managers constantly have to make decisions under uncertainty. This assignment gives students an opportunity to use the mean and standard deviation of probability distributions to make a decision on expansion strategy. The second case is on determining at which point a manager should re-order a printer so he or she doesn't run out-of-stock. The second case uses normal distribution. The first case demonstrates application of statistics in finance and the second case demonstrates application of statistics in operations management.** **

**Assignment Steps**** **

**Resources: **Microsoft Excel^{®}, Bell Computer Company Forecasts data set, Case Study Scenarios

**Write** a 1,050-word report based on the Bell Computer Company Forecasts data set and Case Study Scenarios.

**Include** answers to the following: (**note answers the case study with grading guide**)

Case 1: Bell Computer Company

- Compute the expected value for the profit associated with the two expansion alternatives. Which decision is preferred for the objective of maximizing the expected profit?
- Compute the variation for the profit associated with the two expansion alternatives. Which decision is preferred for the objective of minimizing the risk or uncertainty?

Case 2: Kyle Bits and Bytes

- What should be the re-order point? How many HP laser printers should he have in stock when he re-orders from the manufacturer?

**Format** your assignment consistent with APA format. **WITH THEER REFERENCES**

## Tutor Answer

Please, let me know in case of anything

Running Head: EXPANSION STRATEGY AND REORDER POINT

Expansion Strategy and Reorder Point

Name

Institutional Affiliation

1

EXPANSION STRATEGY AND REORDER POINT

2

Case 1: Bell Computer Company

Before the initiation of any project, evaluation has to be made to determine the best way

to undertake the project. The evaluation involves the various factors that ought to be considered

before commencing on the implementation process. The projects profits and demand levels of

each scale of expansion ought to be determined and comparatively evaluated to establish the best

step to take within the company (Anderson, Sweeney, Williams, Camm, & Cochran, 2015).

Hence, as the Vice-President of Bell Computer Company, there is need to decide on the effective

expansion scheme to adopt, either as a large- or medium- scale project. The success of the

company in implementing the plant expansion for the production of a new computer product is

dependent on the decision I will make as the Vice-President based on computation analysis of

the stated scenarios. Computation analysis is viable in highlighting the best project to adopt...

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